Who owns DAMAC Properties in Dubai?

Who owns DAMAC Properties in Dubai?

Hussain Sajwani
Hussain Sajwani. Hussain Sajwani, a UAE national, is the founder of global property development Company, DAMAC Properties. A graduate from the University of Washington, he started his career as a Contracts Manager in GASCO, a subsidiary of ADNOC (Abu Dhabi National Oil Company).

How many tower damac build in Dubai?

Damac Heights is located in the upper part of the marina, the most populated district of Dubai Marina containing 9 skyscrapers and about 10 between 200 m and 300 m. The design incorporates elements that increase the field of view giving the impression of a larger space between the DAMAC and the other towers.

How many employees does damac have?

DAMAC Properties

Type Public joint-stock company
Revenue $ 1.660 billion (2018)
Number of employees circa 1,600 (2018)
Parent DAMAC Group
Subsidiaries DAMAC Hotels & Resorts DAMAC International

Who is the owner of Damac company?

DAMAC Properties Dubai
DAMAC Properties/Parent organizations

Is it good to invest in damac Hills?

It is a great place to live. In fact, not many developments in the region have such amazing outdoor facilities and beautifully designed properties. Buying a property in DAMAC Hills makes complete economic sense as well.

Where are DAMAC Properties located in the Middle East?

DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market since 2002, delivering residential, commercial and leisure properties across the region, including the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, the Maldives, Canada and the United Kingdom.

When did DAMAC Properties List on the LSE?

In December 2013, DAMAC was the first real estate company from the Middle East to list on the London Stock Exchange (LSE) through a global depository receipts programme, which raised US$379 million in the form of an IPO.

How much money does DAMAC properties make a year?

The company operates internationally providing residential, commercial and leisure properties and has presence in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman, and the United Kingdom. In the year 2017, the total revenue recorded by DAMAC properties was AED 7.5 billion. In 2018, DAMAC Properties recorded total revenue of AED 6.1 billion.

Who is the owner of DAMAC Towers in Dubai?

The company’s facilities management arm, Luxury Owner Association Management Services LLC (LOAMS) was recognised by The Dubai Land Department (DLD) for its excellence in managing the facilities of numerous properties. DAMAC Towers by Paramount Hotels & Resorts was awarded the “Residential Project of the Year” award at the CW Awards 2018.