DAMAC Properties Dubai Co - Company Profile
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DAMAC Properties Dubai Co (DAMAC) is a real estate development company. It focuses on developing residential luxury villas and apartments, leisure, mixed-use properties, hospitality and commercial properties. The company’s portfolio includes residential apartment, hotel apartments, service apartments, furnished apartments, hotel rooms, villas, offices, plots, and retail. It also provides interior design and decoration, master community planning and design, design and project management, facilities and strata management, emergency planning, fire prevention, mechanical, plumbing and electrical maintenance, financial controls and invoicing and structural design services. DAMAC operates and manages hotel apartments in collaboration with Paramount Hotels & Resorts. It has operations in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, and the UK. DAMAC is headquartered in Dubai, the UAE.
Headquarters
United Arab Emirates
Address
DAMAC Executive Heights, 20th floor, Barsha Heights, Dubai, 2195
Website
www.damacproperties.com
Telephone
971 4 3731000
No of Employees
986
Industry
Construction
Revenue (2021)
$807.9M
DAMAC Properties Dubai Co premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Product: | DAMAC |
| Property Development | |
| Property Investment | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In September, the company entered into an agreement with Bitco Contracting for the construction of two permanent Jumaa mosques in the prestigious communities of DAMAC Hills and DAMAC Hills 2. |
| 2023 | Contracts/Agreements | In September, the company entered into an agreement worth AED 588 million for its flagship master development, DAMAC Hills. |
| 2023 | Contracts/Agreements | In June, the company awarded a contract worth AED235 to Hills & Fort Construction and Ancient Builders Construction for Lagoons project. |
Competitor Comparison
| Key Parameters | DAMAC Properties Dubai Co | Alpha Dhabi Holding | Emaar Properties | Aldar Properties | Union Properties PJSC |
|---|---|---|---|---|---|
| Headquarters | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates |
| City | Dubai | Abu Dhabi | Dubai | Abu Dhabi | Dubai |
| State/Province | - | Abu Dhabi | - | - | - |
| No. of Employees | 986 | - | 6,300 | 1,062 | 9,110 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Hussain Sajwani | Chairman; Founder | Executive Board | - | - |
| Hitesh Dhoot | Chief Financial Officer | Senior Management | - | - |
| Ali Sajwani | Managing Director | Senior Management | - | - |
| Amira Sajwani | Managing Director | Senior Management | - | - |
| Mohammad Baydoun | Vice President | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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