DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market since 2002, delivering residential, commercial and leisure properties across the region, including the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman and the United Kingdom.
Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, having delivered over 26,000 homes, with a development portfolio of more than 37,000 units at various stages of progress. This includes 10,000 hotel rooms, serviced hotel apartments and hotel villas that will be managed by its wholly-owned DAMAC Hotels & Resorts.
The company has released two master developments in Dubai, totaling nearly 100 million square feet between them. DAMAC Hills (formerly AKOYA by DAMAC) offers a mix of horizontal and vertical community living set around the championship-standard Trump International Golf Club Dubai and nearly four million square feet of private parkland. Trump International Golf Club Dubai was opened in February 2017 by guests of honour Donald Trump Jr and Eric Trump. The second development, AKOYA (formerly AKOYA Oxygen) boasts another world-class golf course by Tiger Woods Design, the Trump World Golf Club Dubai.
In January 2017, DAMAC Properties had awarded more than 370 contracts worth AED 3.5 billion. The contracts included construction, supplier and consultancy services across its portfolio of developments. The company assigned over $1.5 billion to its flagship project Akoya in June 2018.
In January 2015, DAMAC Properties was publicly listed on the Dubai Financial Market.