DAMAC Properties

18 buildings ready
20 buildings under construction

The DAMAC Properties developer has been leading the construction of significant real estate developments in the Middle East for almost 20 years. The company forms the premium property market and builds shopping and recreational centers in the UAE, Jordan, Saudi Arabia, Qatar, Turkey, Lebanon and the UK. As of June 30, 2021, DAMAC Properties has completed more than 35,000 projects, with another 30,000 projects under construction underway today.

The company was founded in 2002 when the Dubai government opened the real estate market to international investors and allowed them to own property on freehold rights. According to the founder of the company Hussain Sajwani, the mission of DAMAC is to transform the UAE into a global center of trade, hospitality and lifestyle.

DAMAC Properties is one of the leading developers of premium residential, commercial and entertainment projects in the world. The company received the title of “The Best Golf Development in the World”, due to its DAMAC Hills golf community project, which was built around the 18-hole Trump International Golf Club. And in September 2021, the Trump Golf Club became the winner of the “Travelers’ Award Choice”, which indicates the development of the UAE as a tourist center and attraction for foreign investors in the country.

As of June 2021, DAMAC Properties is developing 20 new residential projects in Dubai. For example, projects such as Just Cavalli Villas, Aquilegia, Victoria, Fiora and Amora are all being built in the DAMAC Hills 2 complex. These off-plan objects can be purchased under favorable payment plans, which are actively used by buyers. Reva Residences, Aykon City Tower and Paramount Tower Hotel projects & Residences are all located in the Business Bay area and have previously shown a high level of off-plan real estate sales. This indicates the high quality of the work, as well as the confidence of investors in the activities of the developer.

Most of the company payments for developments are made by installments received from the sale of real estate. The developer is entrusted with the most ambitious and landmark projects in the UAE as well as other countries. For example, work is currently underway on the Aykon City megaproject on the Sheikh Zayed Road highway together with China’s largest construction company – China State Construction Engineering Corporation (CSCEC). Another iconic DAMAC project currently in the process of construction is the 70-storey Cavalli Tower which is in collaboration with the world-famous Italian fashion brand, Roberto Cavalli.

Investments in the developer’s projects remain profitable and reliable, due to a competent economic strategy, significant company assets and its partnership with world-famous brands. When investing in a project of DAMAC Properties, the return on net profit for investors averages from 6% to 12%.

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