Damac

DEVELOPERDamac

AVAILABLE PROJECTS46 active projects

PRICES FROMAED 547,000

PROPERTY TYPESAPARTMENT, DUPLEX, TOWNHOUSE, VILLA

DAMAC Properties is a Dubai-based luxury property developer founded by Hussain Sajwani, whose earlier business was a catering company. Its shares traded on the Dubai Financial Market from 2015 until 2022, when Sajwani took the company private.

DAMAC is known for DAMAC Hills, a golf community in Dubailand built around the Trump International Golf Club Dubai (opened 2017), and for DAMAC Heights, a tower in Dubai Marina. The company also develops branded residences in partnership with names such as Fendi, Roberto Cavalli, de GRISOGONO and Paramount Hotels & Resorts, and recent communities include DAMAC Islands, DAMAC Lagoons and Chelsea Residences.

Key facts

Founder: Hussain Sajwani (earlier built a catering business, now Global Logistics Services; also founded DAMAC Group and DAMAC Digital data-centre business)
Listing history: Listed on the Dubai Financial Market in 2015; delisted in 2022 after Sajwani's take-private offer; now unlisted
Ownership: Privately held by Hussain Sajwani and affiliated entities (Gulf News: 100% control after the delisting)
Branded partnerships: Fendi, Roberto Cavalli, de GRISOGONO, Paramount Hotels & Resorts, Chelsea FC (Chelsea Residences)

Timeline

2015Listed on the Dubai Financial Market.
2017Trump International Golf Club Dubai at DAMAC Hills opens.
2022Delisted from the Dubai Financial Market.

Notable projects

DAMAC Hills / Trump International Golf Club Dubai — Golf community in Dubailand; club opened 2017.
Akoya Oxygen / DAMAC Hills 2 — Large Dubailand community.
DAMAC Heights — Tower in Dubai Marina.
DAMAC Towers by Paramount — Business Bay; towers incl. hotel tower.
Safa One and Safa Two — Towers on Sheikh Zayed Road by Safa Park / Dubai Canal; Safa One developed with de GRISOGONO.
DAMAC Islands, DAMAC Lagoons, Chelsea Residences — Recent launches.