DAMAC Properties Company Profile

2024-02-20

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A Brief History of DAMAC Properties

A Brief History of DAMAC Properties

DAMAC Properties Established as an Emirati property development firm based out of Dubai in the United Arab Emirates, DAMAC Properties became publicly listed on the Dubai Financial Market in January 2015. Offering residential, commercial, and leisure properties internationally through offices located across UAE, Saudi Arabia, Qatar Jordan Lebanon, and Iran.

DAMAC Properties Best Projects in Dubai

1. Safa One

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DAMAC Properties' two-tower Safa One development has won the Development of the Month award in April 2022. Boasting stunning views over Sheikh Zayed Road and Dubai Canal from every tower, De Grisogono's impressive design has attracted both investors and homebuyers.

This ultra-luxury residence complex stands out with some distinctive features. Not many buildings boast an indoor rainforest. Before climbing up into one of the towers, visitors can experience this exotic flora and enjoy its exotic beauty - don't be fooled if it seems like a trick-hanging garden!

2. Safa Two

Safa Two is an off-plan development in Business Bay designed by De Grisogono for DAMAC Properties, set to open its 85th floor of studio, 1, 2, and 3-bedroom apartments by 2026 and launched during the 2nd quarter of 2022. As a freehold development, it boasts many luxurious amenities including an infinity pool adorned with sapphire blue hues, a fog forest, an observation deck, and multiple dining choices; in addition to this, there is also an artificial beach featuring glass slides and edge walks as well as spa services and fully-furnished gymnasium - plus many luxurious amenities await for its completion by 2026.

Business Bay in Dubai is an urban neighborhood featuring both residential and commercial properties that are well-connected with public transit services.

3. DAMAC Lagoons

DAMAC Lagoons is a residential community by DAMAC Properties situated on artificial beaches. Adjacent is their DAMAC Hills development. Within this neighborhood are eight subdistricts inspired by some of the most beautiful waterfront cities such as Venice and Santorini.

The project will involve the construction of homes ranging from three to six bedrooms, as well as a community center, healthcare facilities, and restaurants. Furthermore, recreational amenities such as kayaking, lagoon zipping, and wave riding will be included in this development; its convenient location makes this an excellent choice for buyers and users.

Check out our offers for the best properties for sale in installments in UAE.

4. DAMAC Hills

DAMAC Hills can be found at the heart of Dubailand. DAMAC Properties serves as its master developer, best known for their luxury residential, mixed-use, and commercial projects throughout the GCC. DAMAC Hills spans 42 million square feet of development located off Al Qudra Road D63 that features townhouses and villas as well as apartments as well as retail, sports, and wellness amenities.

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Related: Explore Wasl Properties Best Projects in Dubai.

5. Cavalli Tower

Cavalli Tower at Dubai Media City will feature 70 floors of Cavalli-designed apartments and penthouses on Al Nujoom Street and is expected to be complete by November 2025. Dubai Media City provides residents with convenient access to dining, shopping, entertainment, fitness, and healthcare facilities - with Sheikh Zayed Road serving as its primary access route into the rest of Dubai City.

6. DAMAC Heights

Damac Heights, one of Dubai's most spectacular construction projects, is now complete. Situated at Dubai Marina - an elegant waterfront address along the Arabian Gulf coast - Damac Heights stands as the thirteenth tallest building in Dubai and fifteenth in the Middle East; completed by Damac Properties after launch in 2006 it now stands as 13th. Damac Properties have also unveiled another skyscraper project known as One Damac Place which can also be found adorning their city skyline.

7. Ghalia

Ghalia Constella, developed by DAMAC Properties and certified Sharia-compliant by Dar Al-Sharia's Sharia Committee. Situated at Jumeirah Village Circle, it features studio, one-, two-, and three-bedroom apartments featuring elegant designs that adhere to Islamic principles like separate gyms for men and women as well as communal areas featuring Quran recitation sessions with printed prayer schedules for each apartment.

8. Zada

Zada Tower by DAMAC Properties is a new development located within Dubai Business Bay that will offer investors and buyers luxurious lifestyle experiences and premium-class apartments. The project was launched on April 19, 2019, and completion is anticipated during the fourth quarter of 2023.

Related: Explore Emaar Properties Best Projects in Dubai.

Social responsibility

Hussain Sajwani-DAMAC Foundation was created out of a firm commitment to giving back to the community that had so generously supported us. Our focus lies with education and youth empowerment; as well as participation in charitable initiatives targeting marginalized and underserved sectors of society. HSDF pledged AED5 million toward Ramadan 2022's '1 Billion Meals Campaign' to provide food parcels to needy individuals across 50 countries.

The Foundation also contributed AED 20 million to the Dubai Schools Project by allocating AED 20 million for Emirati students who need tuition assistance, in partnership with Sheikh Mohammed Bin Rashid Al Maktoum's initiative 'One Million Arab Coders' to bring software development services to 1 million Arabs.

Awards and recognition

Since DAMAC Properties' beginning, the company has consistently won praise and awards for its contributions to the real estate development industry. With more than 100 awards and recognitions from around the world for everything from high-rise architecture and interior design to excellence in hospitality and international golf course communities, DAMAC is only getting better. Here are some of the awards DAMAC received in 2023:

Best Luxury High Rise Living for CAVALLI CASA TOWER - 2023 Luxury Lifestyle Awards
Leading Real Estate Developer of Luxury Properties in UAE 2023 - World Business Outlook Awards 2023
Most Innovative Residential Community Developers – UAE 2023 by Global Business Outlook Awards Ceremony 2023

Book a Real Estate Tour of the Best Projects of DAMAC Properties

DAMAC Properties is one of the leading real estate developers in Dubai, and they have a wide range of projects to choose from such as luxurious apartments or spacious villas.

If you're interested in learning more about DAMAC Properties and Looking for the ideal investment opportunity in Dubai? we encourage you to book a real estate tour. This is a great way to see the different projects firsthand and to talk to a knowledgeable real estate agent about your options.

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