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Year of foundation

2002

Main office

Dubai

Number of employees

1600

Estimated cost

$1.660 B

DAMAC Properties

 

Damac Properties, a subsidiary of the prestigious Damac Group, is a prominent developer operating in the international real estate market. The company offers a diverse portfolio of residential, commercial, and entertainment properties, with a presence in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman, and the UK. With over 1,500 dedicated employees, Damac Properties is renowned for its innovative projects and luxurious developments.

Flagship Projects


Cavalli Tower: The world’s only Cavalli-branded tower, this 70-floor marvel features designer apartments, private pools, and lush gardens, epitomizing luxury and exclusivity.

Damac Hills: A prestigious residential community offering a variety of properties set amidst lush green landscapes and world-class amenities.

Akoya: A sprawling development featuring luxury villas, townhouses, and apartments, designed to offer a tranquil lifestyle with an abundance of leisure facilities.

Dubai Marina: One of the most sought-after locations in Dubai, offering stunning waterfront properties and a vibrant lifestyle.

Damac Tower Nine Elms: One of the tallest towers in London, valued at $758 million. This iconic development boasts interiors designed in collaboration with the Versace Home brand, offering a blend of elegance and sophistication.

Awards and Recognitions


Damac Properties has received numerous accolades for its outstanding contributions to the real estate industry. At the 2017 Arabian Property Awards held in Dubai, the company was honored with five prestigious awards:

Best Residential High-rise Development: Aykon City
Best Residential Development: Damac Hills
Best Hotel Interior: Damac Towers Paramount Hotels & Resorts
Best Hotel Architecture: Paramount Tower Hotel & Residences
Best Developer Website

In 2020, Damac Properties was awarded the International Business Magazine award for “Most Socially Responsible Real Estate Company UAE,” highlighting its commitment to corporate social responsibility and community development.

With its innovative approach, commitment to excellence, and a portfolio of iconic projects, Damac Properties continues to set new benchmarks in the global real estate market.

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