||A major contributor to this article appears to have a close connection with its subject. (June 2015)|
|Headquarters||Dubai, United Arab Emirates|
|Hussain Sajwani (Arabic: حسين علي سجواني,) (Chairman)|
|Products||Luxury Real Estate|
Number of employees
|circa 1,000 (2013)|
|Website||DAMAC Properties Official Webpage|
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. On 3 December 2013, DAMAC Properties became the first Dubai Real Estate Company from the Middle East region to list on the London Stock Exchange through a global depository receipts programme.
DAMAC Properties has released a second residential development in Dubai known as AKOYA Oxygen. On 8 December 2014, the company announced that Tiger Woods would design the Trump World Golf Club, Dubai, which will sit at the centre of AKOYA Oxygen.
This follows its 42 million square foot development, AKOYA by DAMAC. The company has delivered almost 12,000 units to date and currently has a development portfolio of over 39,000 units at various stages of progress and planning as of September 30, 2014, which includes over 10,000 hotel rooms and serviced hotel apartments. Other developments that have been led by DAMAC Properties include Ocean Heights in Dubai, and Park Towers in the Dubai International Financial Centre.
- "Dubai's DAMAC gets muted response for London share sale". Reuters. Retrieved Dec 17, 2013.
- "Damac says first Akoya Okygen homes sell out in record time", Arabian Business, by Andy Sambidge, 22 August 2014
- "Tiger Woods to design new Dubai golf course", The National, by Sean Cronin, 9 December 2014
- "Reaching new heights", Arabian Business, by Sarah Blackman, 20 March 2014
- "Sharpoorji scores deal to build Park Towers for Damac", Arabian Business, by Christopher Sell, 30 December