Emaar Properties

Founded by Hussain Sajwani, DAMAC Properties is an Emirati property development company, based in Dubai, in the United Arab Emirates. It is part of DAMAC Group that has been shaping the Middle East’s luxury real estate market since 1982, delivering iconic residential, commercial and leisure properties across the region and beyond.

DAMAC adds vibrancy to the cities in which its projects are located, with a huge and diverse portfolio that includes skyscrapers, communities and branded residences. To date DAMAC has delivered c. 47,000 quality homes, with c. 33,000 more under way.

The History of DAMAC Properties

DAMAC Properties was founded

in 0

HOMES DELIVERED

IN PLANNING AND PROGRESS

PROJECTS

DAMAC developed a master-planned residential golf community around Dubai’s Trump International Golf Club, which opened in February 2017. The DAMAC-Trump partnership began in 2013, and the community, initially called The Akoya, was later renamed DAMAC Hills. The golf course, designed by Gil Hanse, was formally opened in February 2017, with Trump’s sons as guests of honor.

A second project, Akoya Oxygen, includes a Trump International Golf Course designed by Tiger Woods. Launched in 2014 and larger than DAMAC Hills, Akoya Oxygen is part of Dubai’s Dubailand. Spending on the project reached $1.5 billion by 2018, with AED 1.8 billion in contracts awarded in the first half of 2017.

Damac also owns Safa One and Safa Two, overlooking Dubai Canal and notable landmarks like Burj Al Arab and the Palm.

DAMAC Heights, a luxury 88-floor residential tower in Dubai Marina, opened in 2018. DAMAC Towers by Paramount, a four-tower development with 2000 units, was built in collaboration with Paramount Hotel & Resorts.

In London, DAMAC signed a £200 million contract with Lendlease in 2016 to build a 50-floor tower, AYKON London One (now DAMAC Tower Nine Elms London), designed by Kohn Pedersen Fox with interiors by Versace Home.

In 2019, DAMAC completed the Ghalia project, a 727-apartment, Sharia-compliant development in Dubai’s Jumeirah Village Circle.

Awards

Since the early days of DAMAC Properties, the organisation has continually received recognition and accolades for its contribution to the real estate development sector.

Having now received over 100 global awards and commendations, for everything from high-rise architecture and interior design to excellence in hospitality and international golf course communities, DAMAC only goes from strength to strength.

Chairman named Executive of the Year at Big Project ME Awards 2023
Hussain Sajwani, Chairman and Founder of DAMAC receives Lifetime Achievement Award
DAMAC Tower Nine Elms London lauded by the Concrete Awards 2023 in England
Hussain Sajwani, Chairman and Founder of DAMAC Group was conferred the esteemed Lifetime Achievement Award at the 11th Gulf Business Awards.
DAMAC Properties’ LOAMS, has won two prestigious awards at the International Real Estate Community Management Summit (IRECMS)

Best Luxury High Rise Living for CAVALLI CASA TOWER – 2023 Luxury Lifestyle Awards
Leading Real Estate Developer of Luxury Properties in UAE 2023 – World Business Outlook Awards 2023
Most Innovative Residential Community Developers – UAE 2023 by Global Business Outlook Awards Ceremony 2023
Developer of the Year Award at the 18th Global RLI (Retail and Leisure International) Awards
ISO certification and WELL Health and Safety Certification received
The Big Night Life Award 2023: Malibu Sky Lounge & Bar – Highly Recommended, Under Best Rooftop Venue
Paramount Hotel Midtown Wins Gold at the Chef Excellence Awards 2023
LOAMS becomes Middle East Facility Management Association (MEFMA) Corporate Member
Highly Commended for Excellence in FM Health & Safety – MEFMA 2023
Obtained ISO certifications (ISO – 9001, 45001, 14001, Mark of Trust – Multi Certification, Mark of Trust – UKAS)
Achieved WELL Health-Safety Rating

The DAMAC Properties story runs in tandem with the UAE’s journey to becoming the world’s foremost trade, hospitality and lifestyle destination. In 2002, Dubai’s leadership opened up the real estate market to international investors by allowing freehold ownership. DAMAC Properties was incorporated the same year, and purchased land for its very first project in the Dubai Marina area. Since then, DAMAC has become synonymous with iconic projects setting new standards for design, craftsmanship and inspired lifestyles. Today, DAMAC Properties enjoys a position of trust, established over years of uncompromising quality. It is their progressive vision and efforts that have made the UAE the nation it is today. I am also incredibly grateful to our community of employees, partners and shareholders. Thank you for supporting us in creating exceptional lifestyle experiences, and for believing in our ability to create flourishing communities. Our successes would not be possible without your commitment.

Finally, and most importantly, I’d like to express my appreciation to our customers, without whom we could never have achieved so much. Quite simply, you inspire us to do even better.