CEO/Chairman: Hussain Sajwani
Damac Properties was established in 2002. In Dubai and Middle East, it is recognized as a one of the biggest leisure, private, residential and commercial property developer. The company has expanded rapidly into North Africa, Saudi Arabia, Qatar, Lebanon and Jordan. In the Middle East Damac Properties has delivered 14,000 units and 37,000 units are in development pipeline. Recently for its latest mega project Akoya Damac has gained a lot of media attention.
It has Projects in all major areas of Dubai
• Business Bay
• Jumeirah Village Circle
• Downtown Dubai
Some its most famous Luxury property projects across Dubai are
• Dubai Mall Street
• Golf Horizon
• Emirates Garden
• Damac Maison
• Executive Bay
• Paramount Hotel & Residences
• The Waves
DAMAC is a member of Middle East Investor Relations Society. Damac Properties delivers the accurate working environment for the employees, they select only the finest partners, develop projects in prime locations and uses urbane building materials. In selecting the development partners such as architects, contractors and designers, to the handover of keys, the company keeps its promise to make sure all the details to be flawless.
DAMAC Properties ensures developments are delivered at the highest standards by selecting only the finest partners, provides the right working environment for employees, uses the most sophisticated building materials and develops projects at prime locations.
Damac Properties management offers the investors the best opportunity to be part of the development phases of the projects from start till completion. Through all the markets the company has proven its track record, in 2002 it has delivered 15,800 units. As of 31st March 2016, it has 44,000 units at various stages of progress and planning across the Middle East. Hospitality portfolio of Damac properties extends to reach 13,000 units including hotel rooms, serviced villas and serviced hotel apartments.
Damac Properties always intends attractive returns for the investors in their investments. Depending upon its market condition the company aims to maintain its dividend policy.
• Established business with attractive returns and strong margins
• Leading the growth of the Dubai property market
• Highly knowledgeable management team
• Internationally certified brand
• Services include in depth in-house designing services, project management marketing and sales.
• Existing pipeline plans helping in ensuring solid future revenues and gives way for commencement of new projects.
Established business with attractive returns and strong margins
Damac Properties has strong commitment to maximize profit margins and return on equity. They believe that they can achieve the higher return on equity and high profit margin through:
• Timely completion of projects
• Sophisticated and proactive sales & marketing team
• Land acquisitions in prime locations at good value
• Active capital management
• Aggressive project cost management
Leading growth of Dubai property market
Dubai continues to have strong economic growth in different sectors. Demand for the prime residential property in Dubai is due to the increased influx of expatriates and more foreign investments, rise in population and growth in tourism. Therefore, Damac Properties is playing a leading role in the development sector of the region.
Highly knowledgeable management team
The company is led by a dedicated management team with vast experience in real estate industry as well as in human resource management, marketing, legal & accounting, corporate finance and company administration.
Internationally certified brand
Its strong reputation and internationally recognized brand focus to deliver luxury developed projects with high quality including five hotel apartment projects in Park Towers, Marina Terrace , Al Jawharah and the Burj area in Dubai.
Services include in depth in-house designing services, project management marketing and sales
The success of the Damac Properties is its ability to sale the projects when they are launched. They have number of dedicated in house teams such as Project Management, Sales & Marketing, Design, Customer Relationship Management, Acquisitions, construction and sales process.
Existing pipeline plans helping in ensuring solid future revenues and give way for commencement of new projects
In UAE and internationally the company has succeeded in delivering high standard projects on time. The company growth has increased due to its expansion of branded apartments, hotel villas and serviced apartments. It is associations with internationally recognized brands such as Fendi Casa, Paramount Hotels & Resorts, Bugatti, Versace Home and Tiger Woods Design.
Latest Off Plan Projects of Damac Properties are
• Akoya Imagine
• The Beach at Navitas
• Aykon City
• Aykon City - 2 Tower C