DAMAC Properties is an internationally recognized real estate development company based in Dubai, UAE. The company was started in 2002 under DAMAC Group, owned by billionaire DAMAC Owner Hussain Sajwani. DAMAC Group was established in 1992.
DAMAC Properties have set the record as the first real estate company from the Middle East to be enlisted on the London Stock Market. It was listed on the LSE even before listing on the Dubai Financial Market. As of 2016, DAMAC properties had revenue of about $1.947 billion.
When it comes to creating a vast portfolio, DAMAC Properties have set the record in the region. They have an impressive portfolio which includes setting up of 20,300 luxury properties units. The company is currently in the process of developing even more units, with over 44,000 units in the pipeline. DAMAC Properties deals with the development of residential and commercial properties. They have projects in Dubai, Jordan, UK, Saudi Arabia, Lebanon, and Qatar.
Currently, DAMAC Properties has two projects totaling over 100 million square feet. There is AKOYA Oxygen band the DAMAC Hills. DAMAC Hills is supposed to give the people the same exposure as the Beverly Hills/ it also has a world-class golf course and the Trump International Golf Club. The developments host prestige dining, retail and entertainment destinations.
About Hussain Sajwani
Hussain Sajwani is a brilliant investor. His track record in the global equity and capital markets is unmatched in the Middle East. DAMC Properties have grown this much due to the impact he creates. He is the brain behind the projects, a factor which proves his unmatched entrepreneurial skills. Today, he is among the most influential Arabs in the world. He managed to transform a simple idea into one of the best in the region. He serves as the founder and chairman of the company and is worth over $4.2 billion
Hussain Sajwani holds a degree in Industrial engineering and economics from the University of Washington. He started his career at GASCO as a contract manager before creating his catering business in 1982. Even today, he is still running the catering business. His company serves over 150,000 meals every day. Read this article from albawaba.com to know about Sajwani’s charity works.
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