Company
DAMAC Properties, an Emirati real estate development company headquartered in Dubai, was founded by Hussain Sajwani in 2002. Initially listed on the Dubai Financial Market, it was later taken private in 2022, with Sajwani purchasing the remaining shares. The company operates internationally and has a notable partnership with former US President Donald Trump's businesses. DAMAC Properties has been involved in several high-profile projects, including the development of residential communities around Trump-branded golf courses in Dubai. These projects, such as DAMAC Hills and Akoya Oxygen, have garnered attention for their luxury amenities and association with prominent figures like Trump and Tiger Woods. In addition to its ventures in Dubai, DAMAC Properties has expanded its footprint to other global locations. This includes projects like DAMAC Tower Nine Elms London, a residential tower in London's Nine Elms district, and the completion of the Ghalia project, a Sharia-compliant development in Dubai's Jumeirah Village Circle. The company's hospitality arm, DAMAC Hotels & Resorts, oversees the operation of hotel apartment complexes and was established in October 2011. With a diverse portfolio of projects and a focus on luxury and innovation, DAMAC Properties continues to play a significant role in shaping the real estate landscape both locally and internationally.
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