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 one of the largest luxury property development companies in the Middle East, based in Dubai, in the United Arab Emirates.

History[edit]

The company was founded in 2002 by Hussain Sajwani[1] and is part of the DAMAC Group.

On 4 November 2013, DAMAC Properties announced it planned to raise around $500 million from a sale of global depository receipts on the London Stock Exchange.[2] 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.[3]

Residential Developments[edit]

DAMAC Properties has released a residential development in Dubai known as AKOYA Oxygen. The first stage of this development has sold faster than any other in the company’s history.[4] The company has a development portfolio of over 26,000 residential units.[5] Other developments that have been led by DAMAC Properties include Ocean Heights in Dubai,[6] and Park Towers in the Dubai International Financial Centre.[7]

External Links[edit]

References[edit]