DAMAC was established in 2002, as a private residential, leisure and commercial developer in Dubai and the Middle East. Since then, the Company has expanded rapidly into North Africa, Jordan, Lebanon, Qatar, Saudi Arabia and the UK.
DAMAC Properties - pioneering luxury real estate across the region
DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market since 2002 – bringing luxury living experiences to residents from all over the world. Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, offering iconic design and the upmost quality. The company’s footprint now extends across the Middle East with projects in the UAE, Qatar, Saudi Arabia, Jordan, Lebanon and the UK.
As of 30th June 2016, DAMAC Properties has delivered 16,000 homes and has a development portfolio of over 44,000 units at various stages of progress and planning.
The company is listed on the Dubai Financial Market (DFM). The company also issued a US$650 million five year Sukuk on Nasdaq Dubai in April of 2014, which was more than four times oversubscribed and placed with institutional investors across Europe, the Middle East and Asia.
As a leading developer in the market, DAMAC Properties has joined forces with some of the most recognisable fashion and lifestyle brands in the world to bring new and exciting living concepts to the market. Projects include a Tigers Woods designed golf course which will be managed by The Trump Organization, luxury apartments with interiors by Italian fashion-house Versace, luxury apartments and villas with interiors by Fendi, uniquely conceptualised Paramount Hotels & Resorts to bring serviced living at it most opulent and Bugatti-Styled Villas providing the true expression of high-end living.
The company is also developing two of the most anticipated luxury master communities in Dubai – AKOYA by DAMAC and AKOYA Oxygen. With a combined area of almost 100 million square feet, the two distinct projects bring luxury villas within lush green surrounds to the doorstep of those looking to escape the city lights in a private, serene environment.
As a global leader in branded real estate, the company is also developing a US$1.35 billion hotel and luxury serviced residences in the Burj area of Dubai, called DAMAC Towers by Paramount, which will comprise the first Paramount-branded hotel and serviced residences in the region.
DAMAC Properties’ hospitality portfolio will extend to reach around 13,000 units of hotel rooms, serviced hotel apartments and serviced villas. The company’s pipeline of hospitality projects are operated under the DAMAC Maison Hotels & Resorts brand.
With vision and momentum, DAMAC Properties is building the next generation of Middle East luxury living.