The DAMAC Properties brand is a globally renowned real estate brand known for luxury. DAMAC Properties has been among the leading Middle Eastern Luxury real estate companies since its establishment in 2002 by billionaire Emirati businessman, Hussain Sajwani. The brand has an impressive portfolio of luxurious commercial, residential and leisure properties across the Middle East. The company has developed over 20,000 homes and is in the process of building 44,000 luxurious property units including 13,000 hotel rooms, hotel villas and hotel apartments managed by its subsidiary, DAMAC Hotels & Resorts. The company has strong presence in the United Arab Emirates, Qatar, Saudi Arabia, Lebanon and Jordan. DAMAC Properties also has iconic properties in the United Kingdom.
Mission statement and success attributes
The company’s mission revolves around delivering luxurious dream homes and property offering the most unique living concepts. The company attributes its success to its arduous efforts to select as well as devotion to retaining the most talented employees. The company has also focused on choosing the “right” partners over the years, including award-winning architects, contractors and designers. DAMAC Properties also prides itself on its unmatched ability to identify prime development locations and select sophisticated building materials which offer uncompromised quality standards.
Why should you invest in DAMAC?
DAMAC Properties is a listed company. The company was first listed on the London Stock Exchange in 2013 before being listed on Dubai’s stock exchange, Dubai Financial Market, two years later. The 2013 listing marked an important milestone in the history of Middle Eastern real estate companies with DAMAC Properties being the first Middle East-based property company to attain LSE listing. Although Sajwani is still the chairman of DAMAC Properties and a major shareholder, anyone interested in being part of the leading real estate brand in the UAE is free to buy the company’s shares.
These shares are perfect for investors interested in having a stake in Dubai’s vibrant luxury real estate market and neighboring markets. For the past 16 years, DAMAC Properties has proven to be the best in the luxury property market with flawless designs and landmark partnerships with the best real estate companies globally, including the Trump Organization. DAMAC Properties owns a world-class, championship-standard golf club, Trump International Golf, built in collaboration with The Trump Organization. The company has other luxurious developments, such as AKOYA Oxygen which features another world class course designed by celebrity golfer, Tiger Woods. DAMAC has a proven record of starting and completing some of the most prestigious real estate developments in the UAE and the Middle East and is currently venturing into other markets in Europe and Africa.
Projects
Besides constructing some of the world’s best golf courses, DAMAC has many other notable projects such as DAMAC Hills, an extensive development offering Beverly-Hills style living. DAMAC Hills offers golf community living in Dubailand. The 42 million square-feet development is made up of branded mansions, townhouses, apartments and villas. The development also features world-class entertainment and retail amenities. DAMAC Hills surrounds Trump International Golf in Dubai. Dubai’s best golf development according to the International Property Awards.
DAMAC also has some notable hospitality projects under its hospitality subsidiary, DAMAC Hotels & Resorts. The subsidiary operates some of the best serviced villas, hotels and hotel apartment complexes under the DAMAC Maison – Mall Street, Cour Jardin, Canal Views and Royal The Distinction brand names.
The man behind DAMAC Properties
DAMAC Owner, Hussain Sajwani is a 65-year old Emirati billionaire. He is a graduate of University of Washington. He is an industrial engineer and economist by profession, real estate developer by passion. He started DAMAC Group in 1992 and DAMAC Properties a decade later.
Sajwani’s first business venture was in the catering industry. The business has grown tremendously and is still in existence today as Global Logistics Services. The company is a market leader with over 200 projects globally. Global Logistics Services serves over 150,000 meals every day in multiple markets including Middle East countries and Africa.
Humble beginnings
Sajwani may be worth $4.2 billion today, but he started his real estate empire from scratch in the early 90’s. Sajwani decided to venture into real estate business after seeing a rising demand in Dubai for hotel accommodations. In the early to mid-90’s, there was a growing influx of people visiting the UAE to conduct business. Beginning with hotel building, in 2002 he started DAMAC Properties to capitalize on the growing need for luxurious accommodations as Dubai’s grew in popularity as a trade and tourist hub. Sajwani’s know-how in multiple areas in property development ranging from sales and marketing to finance and administration has been one of the main factors contributing to DAMAC Properties success. The company now employs over 2000 people and boasts of revenues surpassing two billion dollars annually.
From humble beginnings as a caterer, Sajwani now owns the most luxurious properties in Dubai. He has managed to build unmatched property partnerships with the world’s most luxurious brands, such as Fendi, Versace, Cavalli, Bugatti, and Paramount among many other notable global brands, to create remarkable real estate projects that are second to none.
Other ventures
While Hussain Sajwani is best known as the owner of DAMAC, he has vast business interests in investments, mergers, private equities, and acquisitions, trading and manufacturing. He owns investment companies as well as a manufacturing business, Al Anwar Ceramic which produces tiles.
DAMAC owner Hussain Sajwani also does a lot of charity and corporate social responsibility work. He supports the One Million Arab Coders initiative through his foundation, DAMAC Foundation. The initiative supports the next generation of young Arabs as they strive to take their place in a future that will be dominated by technology.
Global recognition/awards
Hussain Sajwani is featured in the list of the world’s most influential Arabs. He also holds other notable awards such as the 2017 Property CEO of the Year.
Family life
DAMAC owner Hussain Sajwani is a dedicated family man. He and his wife live in Dubai with their four children.
