The DAMAC Properties architect has been directing the building of substantial real estate evolutions in the Middle East for nearly 20 years. The company forms the premium property market and builds shopping and recreational centres in the UAE, Jordan, Saudi Arabia, Qatar, Turkey, Lebanon and the UK. As of June 30, 2021, DAMAC Properties has finished more than 35,000 projects, with another 30,000 assignments under construction underway today.
The company was launched in 2002 when the Dubai government unlocked the real estate market to global investors and permitted them to own property on freehold rights. According to the founder of the company Hussain Sajwani, the mission of DAMAC is to convert the UAE into a global centre of trade, hospitality and lifestyle.
The developer holds three subsidiaries: DAMAC Maison, DAMAC Properties Development Co LLC and DAMAC Real Estate Limited Development. Back in 2013, DAMAC Properties shares were listed on the London Stock Exchange for the first time(LSE), which was the start of worldwide glory of global investment glamour among developers in the UAE. In 2018, the firm joined the Middle East Investor Relations Association. The assignment of this organization is to increase the efficiency, prestige and beauty of capital markets in the Middle East.
Presently, DAMAC Properties is one of the greatest licensed real estate development companies in the UAE. In addition, the company is widely known for its helpful activities as DAMAC Properties supports the campaigns of His Highness Sheikh Khalifa bin Zayed Al Nahyan and provides assistance to the Emirates Red Crescent (UAE branch of the International Federation of Red Cross and Red Crescent Societies).
