Who is DAMAC?
DAMAC Properties is one of the leading luxury real estate developers in the UAE, known for delivering high-end residential, commercial, and hospitality projects. Founded in 2002, DAMAC has built some of Dubai’s most prestigious communities and branded residences across the city.
Who owns DAMAC Properties?
DAMAC Properties is owned by Hussain Sajwani, the Emirati billionaire who founded the company. DAMAC became privately owned again after delisting from the Dubai Financial Market.
What is DAMAC Dubai?
“DAMAC Dubai” refers to DAMAC’s major developments and luxury communities across Dubai, including DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons, and branded residences with global partners like Trump Organization, Cavalli, and de GRISOGONO.
What are the main projects by DAMAC?
DAMAC’s flagship projects include:
• DAMAC Hills
• DAMAC Hills 2 (Akoya)
• DAMAC Lagoons
• AYKON City
• Cavalli Residences
• Safa One and Safa Two
• DAMAC Bay by Cavalli
These communities feature luxury villas, townhouses, and high-end apartments.
Is DAMAC a good real estate developer?
Yes. DAMAC Properties is well-known for its luxury focus, innovative designs, themed communities, and strong lifestyle amenities. The developer has a proven track record of delivering unique, upscale residential projects across the UAE.
Where is DAMAC headquartered?
DAMAC Properties is headquartered in Dubai, United Arab Emirates, operating across the Middle East, Europe, and various international markets.
Can foreigners buy property from DAMAC?
Yes. DAMAC Properties offers freehold properties that are available for both UAE nationals and international buyers, making DAMAC communities highly attractive for foreign investors.
What makes DAMAC different from other developers?
DAMAC stands out for its luxury branding, partnerships with global fashion and lifestyle icons, bold architectural concepts, and master communities designed around resorts, waterfronts, and leisure-focused living.
Is DAMAC listed on the stock market?
DAMAC Properties was previously listed on the Dubai Financial Market (DFM), but the company was later taken private and is now fully owned by its founder, Hussain Sajwani.
What is the biggest project developed by DAMAC?
One of DAMAC’s largest and most impactful developments is DAMAC Hills, a massive master-planned community featuring villas, apartments, retail areas, golf courses, and premium lifestyle amenities.
Does DAMAC build luxury or branded residences?
Yes. DAMAC is widely recognized for its branded residences, such as Cavalli Residences, Roberto Cavalli Villas, DAMAC Bay by Cavalli, and collaborations with de GRISOGONO, offering uniquely designed luxury homes.
How can I contact DAMAC sales?
Buyers can contact DAMAC through the official DAMAC website or visit DAMAC Sales Centers located across Dubai for information on availability, pricing, and new launches.
Does DAMAC develop hotels and resorts?
Yes. DAMAC owns and operates hospitality brands such as DAMAC Hotels & Resorts, offering serviced apartments and luxury hotel experiences throughout Dubai.
Is DAMAC a government company?
No. DAMAC is a privately owned real estate developer, fully owned by its founder Hussain Sajwani.
Is investing in DAMAC properties a good option?
DAMAC developments often provide strong ROI due to their branding, unique community concepts, strategic locations, and high-end amenities, attracting both investors and end-users.
