DAMAC Properties, a prominent real estate company based in Dubai, is renowned for its luxurious buildings that define the city's skyline. Established in 2002 by Hussain Sajwani, a billionaire Emirati business tycoon, DAMAC Built Dubai with its opulent developments that attract affluent buyers worldwide.
Initially listed on the Dubai Financial Market in 2015, DAMAC became private again in 2022 when Sajwani acquired most of the company's shares. Despite its success, DAMAC has faced scrutiny over potential involvement in illegal activities, such as money laundering. Reports suggest that their agents may have assisted clients in concealing the origins of their funds when purchasing property, even recommending cash or cryptocurrency transactions to evade regulatory oversight.
Nonetheless, DAMAC has a significant global presence, shaping Dubai's real estate landscape with its high-end properties. Sajwani, a close friend and associate of Donald Trump, was reported in 2016 to have contributed between $1 million to $5 million to Trump's financial disclosures.
A Legacy of Innovation and Excellence
For two decades, DAMAC has been reshaping the skyline of Dubai and beyond, creating living environments that blend luxury with functionality, while embodying architectural finesse and attention to detail.
Commenting on these prestigious awards, Niall McLoughlin, Senior Vice President at DAMAC Properties, expressed his gratitude, saying, “We are immensely honored to be recognized as the Leading Real Estate Developer of Luxury Properties and the Most Innovative Residential Community Developers in the UAE. These awards are a testament to our relentless pursuit of excellence and our commitment to shaping the future of luxury living. They reaffirm our commitment to pushing boundaries and redefining industry norms. As a leading real estate developer, we remain dedicated to crafting spaces that inspire, enrich, and elevate the lives of our clients and the communities we serve.”
In addition to these accolades, DAMAC has also won the Developer of the Year Award at the 18th Global RLI (Retail and Leisure International) Awards. Paramount Hotel Midtown won gold at the Chef Excellence Awards 2023, while Malibu Sky Lounge & Bar – Highly Recommended, Under Best Rooftop Venue was awarded The Big Night Life Award 2023. DAMAC’s facilities management and LOAMS were also recognized for their excellence by being awarded the Middle East Facility Management Association (MEFMA) Corporate Member and Highly Commended for Excellence in FM Health & Safety.
DAMAC Dubai Company Vision:
Pioneering Luxury Living Their innovative and luxurious developments have set new standards, attracting high-net-worth individuals and investors from around the globe. Think of the iconic DAMAC Hills or the futuristic AKOYA Oxygen. These aren't just residential areas; they're thriving communities that enhance the quality of life in Dubai.
DAMAC Built Dubai: Luxury Projects, Global Expansion, and Iconic Developments
DAMAC Properties continues to make significant strides with notable achievements and progress in its regional and global portfolio. Over the past 18 months, the developer has launched over 10 branded residences in the UAE and announced plans for a luxury apartment complex in Surfside, US, designed by the renowned global brand Zaha Hadid Architects.
In early 2023, DAMAC handed over its branded residence in London, DAMAC Tower Nine Elms, marking the first branded project by Versace in Europe. The company's luxury resort project in the Maldives is also advancing positively.
DAMAC Lagoons, the company's third master community currently under development, has been progressing impressively. This year alone, DAMAC awarded contracts worth AED 2.4 billion for DAMAC Lagoons, which features 11 Mediterranean-themed clusters across 45 million sq ft.
Iconic Projects Shaping Dubai's Skyline
DAMAC Built Dubai with its luxury real estate projects, including opulent villas and stylish waterfront apartments in various areas, including the Burj Khalifa Area. Notable projects include Residenze, ELO in DAMAC Hills 2, and the Autograph Collection in DAMAC Hills.
Discover your dream home with DAMAC Properties today
Ibiza
Ibiza brings Balearic feels and coastal party vibes to Dubai's most eagerly awaited water-inspired community – DAMAC Lagoons. The townhouses are surrounded by manicured lawns, a Boho courtyard, a tapas lounge, a sunset beach as well and world-class venues that will host global music events.
Welcome a cascade of natural light as it flows into your home through indulgent windows, showering you with a Mediterranean-themed ambiance. From bright, warm living rooms and creative escapes, to intimate bedrooms and extravagant kitchens, soak in secluded self-indulgence.
Morocco at DAMAC Lagoons
Discover the final chapter of Morocco at DAMAC Lagoons, where timeless heritage and luxury intertwine in a mosaic of wonders.
Embrace the magic of Moroccan living in luxury villas and townhouses that harmoniously blend traditional elements with modern design. From intricate Zellij tilework to Moorish arches, every detail has been carefully crafted to capture Morocco’s rich tapestry of art and architecture.
An oasis of tranquility, Morocco at DAMAC Lagoons offers a peaceful retreat enveloped with an abundance of wellness activities. Indulge in the age-old richness of argan oil treatments amidst verdant hills or find calm in the outdoor yoga area. Relax at the Serenity Garden adorned with traditional rugs and explore the cactus garden inspired by Marrakech's Jardin Majorelle. And when you want to savor the tastes of Morocco, unwind at the floating atay stations and quench up.
Executive Heights
Executive Heights is DAMAC’s first freehold office tower in Barsha Heights, formerly Tecom, just a short walk away from Dubai Metro’s Internet City Station. The 24-story building houses over 300,000 square feet of well-designed freehold offices for sale in Tecom with a range of facilities to encourage a good work-life balance that includes restaurants and cafés, a health club, a swimming pool, a jogging track, and generous parking.
Lake View
A 40-story residential tower located in Cluster B of the popular Jumeirah Lakes Towers community, Lake View offers a mix of studios, along with 1,2, and 3-bedroom apartments. Home is within a short walk of one of the two Dubai Metro stations, with a huge choice of restaurants and cafés right at podium level. Apartments look out over one of JLT’s lakes or offer views of the wider neighborhood from large windows and spacious balconies. Apart from the tower’s high-end amenities, residents benefit from JLT’s array of retail, F&B, and lifestyle options.
Lake Terrace
This award-winning tower offers a mix of studios and duplexes, as well as 1, 2, and 3-bedroom apartments. Lake Terrace is in JLT’s Cluster D and sits directly opposite one of the two metro stations serving the community. Homes look out over one of the manmade lakes or offer views of the wider area from large picture windows and spacious balconies. The tower boasts first-class amenities, including a podium-level swimming pool with a sun terrace and a well-equipped gymnasium. Residents also benefit from the many cafés, salons, retail outlets, and lifestyle options for which JLT is known.
Conclusion
Discover the perfect blend of DAMAC Properties and Dubai Luxury Residence—where innovative development meets personalized service. Whether you're looking for a luxurious home, a smart investment, or both, our partnership gives you access to the best properties and expert support throughout your real estate journey.
Experience top-tier luxury living with Dubai Luxury Residence. Contact us today to explore the exclusive DAMAC Projects listing and find your dream home in Dubai's iconic skyline.
As your trusted Real Estate Consultant in Dubai, we're here to guide you every step of the way. Join us and redefine luxury living in this remarkable city.
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