DAMAC Properties

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DAMAC Properties
Type Private
Founded 2002
Headquarters Dubai, United Arab Emirates
Key people Hussain Sajwani (Arabic: حسين علي سجواني,) (Chairman)
Products Luxury Real Estate
Employees circa 1,000 (2013)
Website DAMAC Properties Official Webpage

DAMAC Properties is a property development company in the Middle East, based in Dubai, in the United Arab Emirates.

History[edit]

The company is part of the DAMAC Group. On 4 November 2013, DAMAC Properties announced a plan to raise around $500 million from a sale of global depository receipts on the London Stock Exchange, and then pulled out of the deal.[1] On 3rd December 2013, DAMAC Properties became the first Real Estate Company from the Middle East region to list on the London Stock Exchange through a global depository receipts programme.[2]

Residential Developments[edit]

DAMAC Properties has released a residential development in Dubai known as AKOYA Oxygen. The company has a development portfolio of about 26,000 residential units.[3] Other developments that have been led by DAMAC Properties include Ocean Heights in Dubai,[4] and Park Towers in the Dubai International Financial Centre.[5]

External Links[edit]

References[edit]