DAMAC Properties is a property development company with a global reputation. It is based in Dubai, United Arab Emirates. The company started as a subsidiary of the DAMAC Group in 2002. The man behind this company is a billionaire known as Hussain Sajwani. DAMAC Properties is so prominent that every tower you see in the Middle East city of Dubai is almost certainly a property of this company. It is the first company from the Middle East to be listed on the LSE. The company was later listed in the home finance market, known as Dubai Financial Market. As of 2016, the company was worth over $1 billion.
The portfolio of this company is one of the most impressive in the world today. So far, it has delivered over 20,000 luxury housing units and is in the process of developing even many more. There are many plans still in progress not only in Dubai. The company is expanding its empire into other markets with investments in Qatar, Jordan, Lebanon, and London. In future, the prospects of this company having projects all over the world are high. It is currently recording enormous growth.
The development projects in Dubai are divided into two. There is the DAMAC Hills and the AKOYA Oxygen. Both of them are projects covering over 100 million square feet. DAMAC Hills is meant for the super wealthy. They offer Beverly Hills kind of luxury. They have also created a world-class golf course, known as the Trump International Golf Club. DAMAC Properties has built hotels, resorts, and villas. The company has employed over 2000 people.
Hussain Sajwani is an astute entrepreneur. He has an unmatched track record in the investment sector in the Middle East. The growth of DAMAC Properties is one of the factors that show how he is dedicated to his work. He has managed to build a billion dollars company in an area where many people would have considered risky. He is now aged 65 years and willing to go on building the company. His wish is to see it become the best in the world.
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