Developer Damac Properties in Dubai

Damac Properties was founded in 2002 by Sheikh Sultan Al Nasseer, a member of Dubai’s ruling family. Over more than two decades, the company has grown into one of the leading real estate developers in the Middle East, establishing itself as a symbol of luxury and innovation.

The company owns a diverse portfolio of assets, including residential, commercial, and hotel properties. Damac’s structure comprises over 20 subsidiary companies specializing in architecture, construction, property management, and financial services. The total value of the company’s assets exceeds $5 billion, and it employs approximately 3,500 people worldwide.

While Damac’s primary operations are concentrated in Dubai, the company is actively expanding its presence in other countries in the region, such as Saudi Arabia, Qatar, Bahrain, and the UAE. Beyond the Middle East, Damac successfully undertakes projects in London, New York, and Paris, strengthening its international reputation. In 2023, the company completed construction on more than 50 projects, including residential complexes, office buildings, and luxury hotels.

Damac’s properties are characterized by high profitability and stable value growth. The average return on investment in Damac real estate is approximately 7-9% annually, which is above the market average. The company offers flexible financing options and ensures transaction transparency, attracting both individual investors and large funds. In 2023, investments in Damac projects attracted over $2 billion, demonstrating high demand and investor trust.

Among Damac’s most notable projects is Damac Hills, a vast residential complex spanning 2 million square meters, featuring luxurious villas, a master plan with a golf course, and a park. Another outstanding project is Aston Martin Residences, a joint venture with the Aston Martin brand, offering elite apartments with unique designs. Additionally, Damac Towers by Paramount Hotels & Resorts integrates world-class hotel services with residential properties. These projects showcase the company’s commitment to innovation and high quality, strengthening Damac Properties’ position in the Dubai real estate market and beyond.

Damac Properties continues to push the boundaries of development, remaining one of the most reliable and dynamic players in the real estate market.