DAMAC Properties was established in 2002 as a luxury real estate developer providing unrivalled living experiences in Dubai, UAE. The Company has grown to become one of the foremost luxury developers with projects spanning the GCC, the wider Middle East and the United Kingdom.

DAMAC Properties now develops multi-million square-foot golf course communities, high-end and high-rise private apartment towers, ‘limited edition’ living experiences with global brands such as Versace, Fendi and Just Cavalli, as well as operating and managing serviced hotel apartments and fully-fledged five star hotels in collaboration with Paramount Hotels & Resorts.

  • Groundwork begins at historical Mina Al Sultan Qaboos in Oman

  • Roberto Cavalli Group and DAMAC Properties founder, Hussain Sajwani, sign global partnership

  • Reva Heights launched

  • DAMAC and Radisson Hotel Group launches Radisson Hotel Dubai DAMAC Hills

  • Award-winning DAMAC Heights and DAMAC Residenze with Interiors by Fendi Casa in Dubai Marina begin handover

  • Ghalia, DAMAC’s Sharia-compliant serviced apartments complex, near completion

  • USD 400 million (AED 1.47 billion) Sukuk issued by DAMAC on NASDAQ Dubai

  • Major foundation work at AYKON City sees 200,000 cubic feet of concrete poured in 24 hours

  • DAMAC logs 25 million safe man hours on near-complete DAMAC Towers by Paramount

  • DAMAC awards AED 424 million contract to Arabtec to build 916 villas at AKOYA Oxygen

  • First-ever Fun, Food and Fiesta community festival hosted at DAMAC Hills

  • DAMAC launches Reva Residences, offering exquisitely-appointed one and two bedroom apartments overlooking Dubai Canal

  • DAMAC Properties Ranks First on The Forbes Global 2000: Growth Champions List of Fastest Growing Companies Worldwide

  • DAMAC announces a new international collaboration with Roberto Cavalli Group for the launch of the world’s first villas to feature interiors by “Just Cavalli” in AKOYA Oxygen.

  • DAMAC issues a $500 million, five-year Sukuk; maturing in April 2022 at a profit rate of 6.25%

  • DAMAC chosen for USD1 billion historic port transformation of Oman’s waterfront tourist development

  • DAMAC Properties featured on the Forbes Global 2000 List

  • From 1st June, Morgan Stanley Capital International (MSCI) adds DAMAC stock to its MSCI United Arab Emirates (UAE) Index, designed to measure the performance of the large and mid cap segments of the UAE market

  • The Company organises a field trip for 50 masters students from Kingston University London, part of DAMAC’s on-going collaboration with the university, to foster the talents of the next generation of entrepreneurs and construction professionals

  • DAMAC receives two accolades at the Gulf Real Estate Awards 2017: DAMAC Hills receives ‘Best Real Estate Project – Master Development’; and Luxury Owner Association Management Services (LOAMS) is crowned ‘Best Owners Association Management Firm’

  • Hussain Sajwani Tops The List Of Real Estate CEOs In The Top CEO Awards 2017

  • DAMAC issues a USD 500 million, five-year regulation 'S' unsecured Sukuk maturing in April 2022; this is the second Sukuk listed by the Company on the Nasdaq Dubai (the first, worth USD 650 million, matures in 2019)

  • By April, DAMAC Towers By Paramount Hotels & Resorts Is Over 85% Complete

  • April sees outstanding safety milestone of over 180 million safe man hours achieved across its Dubai projects

  • DAMAC is the only developer in the Middle East with its own in-house mortgage department – so far facilitating home financing worth AED 600 million for hundreds of units across the UAE

  • DAMAC Properties awards 121 contracts, worth AED 1.4 billion in the first two months of 2017

  • The Company launches Dubai’s first modern, stone-built villas

  • The Company launches its Investor Relations app

  • Launch of Trump International Golf Club Dubai with spectacular ceremony set in and around the clubhouse

  • Three DAMAC Maison hotels win TripAdvisor Certificate of Excellence 2016

  • DAMAC Hills (formerly AKOYA) is launched

  • The award-winning DAMAC Tower with interiors by Versace Home in Solidere, Beirut, is completed and handover commences

  • The Company awards 300 construction and consultancy contracts worth AED 6.51 billion from January to November 2016

  • DAMAC Towers by Paramount Hotels & Resorts wins ‘Tower Project of the Year’ Award at the Construction Week Awards

  • ISO 50001:2011 Energy Management Certification is achieved

  • Company shares obtain Sharia Compliance Certification from Dar Al Sharia

  • DAMAC Properties completes the first ever project in Dubai South – host of landmark event Expo 2020 Dubai

  • AYKON City and AKOYA (renamed DAMAC Hills in February 2017) receive mark of excellence at 25th edition of Africa & Arabia Property Awards

  • DAMAC Properties enjoys a record-breaking response to its launches and offers during Cityscape Global 2016

  • DAMAC Towers by Paramount Hotels & Resorts achieves industry-leading EarthCheck Design Certification

  • January to August and The Company awards AED 5.25 billion across 285 contracts

  • DAMAC Hotels & Resorts’ four new brands launched at the Arabian Travel Market 2016 – AYKON Hotels & Resorts, DAMAC Maison Royale Hotels & Resorts, DAMAC Maison Hotels & Resorts and DAMAC Maison de Ville Hotels & Resorts

  • DAMAC Towers by Paramount Hotels & Resorts achieves milestone topping out

  • AYKON’s Versace-branded residences renamed to pay tribute to UK capital’s prime central zone; AYKON London One

  • DAMAC announces AYKON City, the first freehold project on Sheikh Zayed Road, overlooking Dubai Canal, which generated unprecedented demand at launch

  • AYKON London One with interiors by Versace Home is introduced in London

  • DAMAC lists on the Dubai Financial Market


  • Tiger Woods is announced as the designer for the TRUMP World Golf Club Dubai at AKOYA Oxygen

  • Following the success of AKOYA (renamed DAMAC Hills in February 2017), the company launches AKOYA Oxygen – a 55-million-square-foot lush green community in Dubai

  • The Drive at AKOYA is launched – one of the longest retail, dining and entertainment strips in the region at the heart of AKOYA (renamed DAMAC Hills in February 2017)

  • DAMAC issues a $650 million, five-year regulation 'S' unsecured Sukuk; maturing in April 2019 at a profit rate of 4.97%

  • The company announces its first master development – the 42-million-square-foot AKOYA (renamed DAMAC Hills in February 2017)

  • DAMAC signs with global fashion brand FENDI for projects in Saudi Arabia and Dubai, UAE

  • DAMAC announces its collaboration with Paramount Hotels & Resorts to develop DAMAC Towers by Paramount in the Burj area consisting of three luxury serviced hotel apartment towers and one tower hosting a five-star Paramount Hotel

  • Park Towers in Dubai International Financial Centre is handed over to customers

  • Following the resurgence in the property market, DAMAC Properties has 50 projects under development across the region by 2012

  • DAMAC properties introduces DAMAC Maison – its hospitality arm

  • The company increases the number of hospitality projects in line with the growing number of tourists visiting Dubai every year

  • DAMAC Properties completes 4,072 units in 2011 – more than any other UAE developer

  • DAMAC partners with Versace to create DAMAC Tower by Versace Home in Beirut, Lebanon – the company’s first collaboration with a global fashion brand

  • Ocean Heights, one of the company’s flagship projects during this year, is completed and handed over to customers

  • DAMAC Properties continues to win regional and international awards for its various projects

  • Lake View in Jumeirah Lakes Towers is completed and handed over to customers

  • The Crescent in the International Media Production Zone is completed

  • DAMAC Properties delivers more than 1,300 units despite the economic downturn

  • Lake Terrace in Jumeirah Lakes Towers is completed and handed over to customers

  • DAMAC Properties completes 7,817 units by 2008

  • DAMAC Properties wins five awards within the Arabian Property Awards delivered for best developments

  • The first project in Saudi Arabia is launched – Al Jawharah in Jeddah

  • Lands in the Burj area of Dubai are acquired and several projects introduced there, where DAMAC’s presence will be dominant in the coming few years

  • Abu Dhabi was one of the first cities of expansion with the launch of Marina Bay

  • DAMAC’s first project, Marina Terrace, is completed and handed over to customers

  • The total number of DAMAC’s projects under development reaches 20 across the Middle East

  • The first freehold office tower in TECOM is launched – Executive Heights

  • DAMAC Properties is the first company to introduce projects in every master planned development introduced by the Dubai Government

  • The total valuation of the company increases significantly within three years of launching

  • Ocean Heights, overlooking the Palm Jumeirah, is launched and will ultimately become one of the tallest residential towers in the world

  • DAMAC Properties undergoes expansion, with the introduction of international sales offices

  • Park Towers, the iconic two-tower development in the heart of Dubai’s financial district, is launched.

  • Construction on Marina Terrace commences

  • Sales and marketing capacity is increased

  • A development team starts to source new land in Dubai

  • Following the sell-out of Marina Terrace, The Waves is launched – also in Dubai Marina

  • Focusing on unit sales, an in-house sales and marketing division is created

  • The first land purchase is made and Marina Terrace, in the heart of Dubai Marina, is launched

  • DAMAC Properties is established following the introduction of freehold ownership rights for expatriate owners in Dubai