Damac Properties
Why to consider this developer
DAMAC Properties was established in 2002 when Dubai opened its real estate market to international investors, allowing freehold property ownership. Founded by Hussain Sajwani, DAMAC's mission is to make the UAE a global hub for trade, hospitality, and lifestyle. The company has three subsidiaries: DAMAC Maison, DAMAC Properties Development Co LLC, and DAMAC Real Estate Limited Development. DAMAC's shares debuted on the London Stock Exchange in 2013, marking its global investment appeal.
What's special about developer
DAMAC Properties, now one of the largest licensed developers in the UAE, is renowned for its philanthropic efforts. It supports initiatives by Sheikh Khalifa bin Zayed Al Nahyan and the Emirates Red Crescent. Over the years, DAMAC has made significant contributions to various causes. In April 2020, the Hussain Sajwani-DAMAC Foundation donated AED 1,000,000 to aid those impacted by the COVID-19 pandemic in the UAE.
The company has fostered international partnerships in hospitality with DICO International and collaborates with luxury brands like Versace Home, Roberto Cavalli, and Paramount Hotels & Resorts. Recognized in 2020 as the UAE’s most socially responsible real estate firm by International Business Magazine, DAMAC continues to lead as the nation's top developer, combining corporate success with extensive community engagement.
H3 H4 Downtown Dubai: The Heart of Modern Splendor: Embodying cosmopolitan life, Downtown Dubai houses landmarks like the Burj Khalifa, making it a vibrant center for tourism, culture, and entertainment, and offering luxurious living amidst urban energy.
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