Privately owned DAMAC Properties has been operating in the residential real estate development market in Dubai since 2002 as a division of the multi-industry DAMAC Group, founded in 1982. DAMAC has received numerous prestigious awards, including the best developer of the year. The number of properties handed over to owners has almost reached 44 thousand, and over the past decade the pace of construction has only gained momentum, which confirms the stable growth and reliability of the company.
Currently, the developer is implementing luxury projects not only in Dubai and Abu Dhabi, but also in Saudi Arabia, Lebanon, Jordan, Kuwait, the USA and the UK. This demonstrates the competitiveness of DAMAC real estate outside the UAE. For example, all apartments with views of the Thames in the London skyscraper DAMAC Tower Nine Elms with interior design by Donatella Versace were bought out at the pre-sales stage. In addition, the list of premium brands working with DAMAC to create exclusive properties is expanding. The developer's portfolio already includes luxury serviced apartments, five-star hotels and lifestyle communities, developed in collaboration with Versace, Paramount, Radisson, Fendi, Trump, Cavalli and De Grisogono.