For nearly 20 years, the DAMAC Properties developer has led the construction of key real estate developments throughout the Middle East. In the UAE, Jordan, Saudi Arabia, Qatar, Turkey, Lebanon, and the United Kingdom, the company creates the luxury property market and builds shopping and recreational centers. DAMAC Properties had completed over 35,000 projects as of June 30, 2021, with another 30,000 projects now under construction.
The company was created in 2002, when the Dubai government opened the real estate market to international investors and granted them freehold property rights. The objective of DAMAC, according to the company’s founder, Hussain Sajwani, is to develop the UAE into a global center of trade, hospitality, and leisure.
DAMAC Maison, DAMAC Properties Development Co LLC, and DAMAC Real Estate Limited Development are the developer’s three companies. DAMAC Properties shares were initially listed on the London Stock Exchange (LSE) in 2013, signaling the beginning of global acknowledgment of the UAE’s global investment appeal among developers. The company joined the Middle East Investor Relations Association in 2018. This organization’s objective is to improve the efficiency, repute, and attractiveness of capital markets in the Middle East.
Currently, DAMAC Properties is one of the biggest licensed real estate development companies in the UAE. In addition, the company is widely known for its charitable 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).
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