DAMAC Properties is a prominent real estate developer based in Dubai, UAE, renowned for its luxurious residential, commercial, and leisure properties. Established in 2002 by Hussain Sajwani, DAMAC has made a significant impact on Dubai’s skyline and has expanded its footprint across the Middle East and beyond. The company is known for its high-quality developments, distinctive architecture, and partnerships with globally recognized brands.
Key Developments and Projects
- DAMAC Hills:
- DAMAC Hills is a master-planned residential community offering a mix of villas, townhouses, and apartments. It is home to the Trump International Golf Club Dubai, an 18-hole championship golf course. The community features extensive amenities, including parks, sports facilities, retail outlets, and schools, providing a comprehensive lifestyle for residents.
- AKOYA Oxygen:
- Also known as DAMAC Hills 2, AKOYA Oxygen is a green-themed community focused on sustainability and eco-friendly living. It offers villas and townhouses surrounded by lush landscapes, water features, and parks. The community includes a golf course, retail outlets, and various recreational facilities, promoting a healthy and sustainable lifestyle.
- AYKON City:
- Located on Sheikh Zayed Road, AYKON City is a multi-tower complex featuring residential, commercial, and hospitality spaces. The development includes luxury apartments, office spaces, and a five-star hotel. AYKON City’s design and location provide stunning views of Dubai’s iconic landmarks, including the Dubai Canal.
- DAMAC Towers by Paramount Hotels & Resorts:
- This project consists of four towers in Business Bay, including residential apartments and a luxury hotel managed by Paramount Hotels & Resorts. The towers are designed with a Hollywood-inspired theme, offering residents and guests a glamorous lifestyle with world-class amenities and services.
- Carson – The Drive:
- Located within DAMAC Hills, Carson – The Drive comprises three residential towers offering luxurious apartments with views of the golf course and surrounding landscapes. The development features high-end amenities such as a swimming pool, fitness center, and retail outlets, catering to a sophisticated lifestyle.
- DAMAC Maison:
- DAMAC Maison is a collection of serviced hotel apartments located in various prime areas of Dubai. These properties offer a blend of luxury living and hospitality, providing residents with hotel-like services and amenities, including concierge services, housekeeping, and fine dining options.
- DAMAC Residenze:
- Located in Dubai Marina, DAMAC Residenze is a luxury residential tower offering premium apartments with stunning views of the marina and the Arabian Gulf. The tower features high-end interiors designed by Fendi Casa, and residents have access to exclusive amenities such as a swimming pool, gym, and spa.
Global Expansion
Beyond Dubai, DAMAC has expanded its presence internationally with projects in countries like Saudi Arabia, Qatar, Jordan, Lebanon, and the United Kingdom. The company’s international portfolio includes residential developments, commercial properties, and luxury hotels, reflecting its global vision and ambition.
Financial Performance and Market Position
DAMAC Properties is a publicly listed company on the Dubai Financial Market (DFM). The company has consistently demonstrated strong financial performance, driven by its extensive portfolio of high-value projects and strategic investments. DAMAC’s focus on luxury real estate and its ability to innovate and adapt to market trends have solidified its position as a leading developer in the region.
Partnerships and Collaborations
DAMAC is known for its strategic partnerships with global brands, enhancing the appeal and value of its developments. Collaborations with brands like Versace, Fendi, Bugatti, and Paramount Hotels & Resorts bring unique design elements and luxurious touches to DAMAC’s properties, attracting discerning buyers and investors.
Commitment to Sustainability
DAMAC is committed to integrating sustainability into its developments. The company employs green building practices, energy-efficient technologies, and sustainable landscaping in its projects. DAMAC aims to create communities that not only offer luxury and comfort but also promote environmental responsibility and sustainability.
Community Engagement and Social Responsibility
DAMAC actively engages in corporate social responsibility (CSR) initiatives through the Hussain Sajwani – DAMAC Foundation. The foundation focuses on education, skills development, and youth empowerment programs, contributing to the social and economic development of the communities it serves.
