Damac Properties, founded in 2002 by Emirati entrepreneur Hussain Sajwani, is a leading private real estate developer based in Dubai. Renowned for forging partnerships with luxury fashion and lifestyle brands—Versace, Roberto Cavalli, de GRISOGONO, Paramount—the company has delivered thousands of upscale residences across the UAE and beyond
Why buy an apartment with Damac Properties?
Luxury branding excellence: Projects feature high‑end interiors by elite global brands, infusing properties with prestige.
Master‑planned communities: Notable developments include Damac Hills, Damac Hills 2, Damac Lagoons, Damac Islands, and the latest Riverside Views (launched January 2025) offering wellness‑centric living near Expo 2020 and Al Maktoum Airport.
Proven delivery footprint: Over 47,000 homes delivered, with more than 40,000 units in active planning and development across 15 global cities.
History & Story
From its 2002 inception, Damac has evolved into a symbol of luxury real estate in the Middle East. It was listed publicly in 2015, then privatized in 2022 when Sajwani bought remaining shares for AED 2.19 billion (~$595 million). This strategic move enabled greater control over its direction and operations.
Building Designs & Prime Locations
Golf & community living: Damac Hills near Trump International Golf Club, and Akoya Oxygen with a Tiger Woods‑designed course.
High‑rise statements: Damac Heights / Residenze — a 335 m, 85‑storey residential skyscraper in Dubai Marina; Ocean Heights, a twisting 310 m tower, also in Marina.
Entertainment & branded residences: Paramount Tower Hotel & Residences in Business Bay blends luxury hotel living with upscale apartments.
Iconic master communities: Damac Islands, where over $2.72 billion worth of homes sold in under 10 hours—indicating strong market demand.
Newest lifestyle development: Riverside Views, launched in January 2025—with one- and two‑bedroom apartments averaging AED 888,000 and AED 1.42 million respectively, wellness amenities, and handover by May 31, 2028.
Client Feedback & Investor Appeal
Clients are drawn to Damac’s glamorous aesthetics, innovative design, and lifestyle‑oriented masterplans. Investors recognize the developer’s consistent off‑plan sales performance and strong brand alignment.
Awards & Recognition
While specific awards weren’t referenced here, Damac frequently promotes its acclaim across media for design, branding, and customer engagement—evident in its extensive use of collaborations and high‑profile launches.
Why Investors & Residents Choose Damac Properties
Luxury and brand appeal—high-profile fashion & celebrity collaborations.
Portfolio diversity—from golf-course villas to branded high-rises and master-planned wellness communities.
Proven delivery over decades and global footprint.
Bold new launches in 2025, especially Riverside Views, with lifestyle-centric features and accessible pricing.
Strategic positioning near major hubs—Expo 2020, airports, and entertainment venues.
A Vision That Goes Beyond Real Estate
Damac aims to redefine urban living by marrying lifestyle, luxury, and experiential environments—creating communities, not just buildings. Their projects are aligned with wellness, branding, and aspirational living, articulating a vision that goes beyond traditional real estate.
