DAMAC Properties is an Emirati Dubai based property development, operating since 1985. In January 2015, DAMAC Properties was publicly listed on the Dubai Financial Market.
The company operates internationally, developing residential luxury villas and apartments, leisure, mixed-use properties, hospitality and commercial properties. and has presence in the UAE, Saudi Arabia,Qatar, Jordan, Lebanon, Iran, Oman, and the United Kingdom, the USA.
Damac has a huge and diverse portfolio that includes skyscrapers, communities and branded residences.
Damac has many high-rise buildings, mostly located in Business Bay area, ready and under way, as well as delivering entire master communities such as Damac Hills I and II and Damac lagoons that is under construction now. The company is also known for delivering and managing hotel apartment buildings. In addition it has its own holiday homes company as a short-term rental operator.
Damac has received over 100 global awards from high-rise architecture and interior design to excellence in hospitality and international golf course communities.
Damac supports government charity initiative through its charity foundation.
President – Hussain Sajwani. Damac has 2 daughter developer companies founded by the son and daughter of Hussain Sajwani.