DAMAC

DAMAC Properties was formed in 2002 as the property arm of the DAMAC Group, founded by the Emirati entrepreneur Hussain Sajwani. On 7 March 2022 its shareholders approved delisting the company from the Dubai Financial Market and converting it into a private joint stock company, and its filings name Mr Sajwani as the ultimate shareholder.

Fashion and jewellery names are its calling card. DAMAC calls Cavalli Tower the world's only Cavalli-branded residences, Couture by Cavalli carries the Roberto Cavalli name to three to five bedroom apartments and six bedroom penthouses, and Safa Two de GRISOGONO takes a jewellery-inspired design from the Swiss jeweller. Its master communities work at a larger scale: DAMAC Hills in Dubailand stretches over 42 million square feet beside Trump International Golf Club Dubai, and DAMAC Lagoons is themed on Mediterranean living.

On delivery, DAMAC's own site states more than 50,000 units delivered and over 54,000 in progress and planning, without a date for the count. Demand at launch can be intense: DAMAC reported in December 2024 that DAMAC Islands sold AED 10 billion of property within 10 hours.