Damac Properties is a real estate development company based in Dubai, United Arab Emirates. It was founded in 2002 by Hussain Sajwani and has since become one of the largest and most successful property developers in the Middle East.
Damac Properties is involved in the development of luxury residential and commercial properties, including apartments, villas, and hotels. The company has completed numerous high-profile projects in Dubai, such as the Trump International Golf Club and the Akoya Oxygen community.
Damac Properties has also expanded its operations beyond the UAE, with projects in Saudi Arabia, Qatar, Jordan, Lebanon, and the United Kingdom. The company has received numerous awards for its work, including the Best Luxury Real Estate Developer award at the 2017 Luxury Lifestyle Awards.
However, like many companies, Damac Properties has faced challenges due to the COVID-19 pandemic and the downturn in the real estate market. Nonetheless, the company remains a significant player in the UAE's real estate industry.