Damac Properties

Damac Properties

Damac Properties

Year of foundation

2002

Main office

Dubai

Number of employees

1600

Estimated cost

$1.660 billion

Damac Properties

Damac Properties is a subsidiary of one of the largest holdings in the UAE, Damac Group. The developer operates on the international market, offering residential, commercial and entertainment properties. It has offices in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman and the UK. There are more than 1,500 employees. Flagship projects:

  • Cavalli Tower is the only Cavalli-branded tower in the world. 70 floors with designer apartments, private pools and gardens.
  • Damac Hills
  • Akoya
  • Dubai Marina
  • Damac Tower Nine Elms is one of the tallest towers in London. Estimated at $758 million. The interiors were created in collaboration with the Versace Home brand.

Damac Properties won 5 awards in various categories at the Arabian Property Awards 2017, held in Dubai:

  • Best Residential High-rise Development: Aykon City
  • Damac Hills
  • Best Hotel Interior: Damac Towers Paramount Hotels & Resorts
  • Best Hotel Architecture: Paramount Tower Hotel & Residences
  • Best Developer Website

In 2020, the developer won the International Business Magazine award for «Most Socially Responsible Real Estate Company UAE».

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