DAMAC Properties is one of the largest luxury property development companies in the Middle East, based in Dubai, in the United Arab Emirates. Established in 2002, DAMAC has delivered almost 11,000 units to date and currently has a development portfolio of over 26,000 units at various stages of progress and planning as of June 30th 2014, which includes over 10,000 hotel rooms and serviced hotel apartments.The company was founded in 2002 by Hussain Sajwani and is part of the DAMAC Group. In November 2013, DAMAC Properties announced it planned to raise around $500 million from a sale of global depository receipts on the London Stock Exchange. On 3rd December 2013, DAMAC Properties became the first Real Estate Company from the Middle East region to list on the London Stock Exchange through a global depository receipts programme.
The heart of DAMAC Properties’ culture lies the desire to deliver a luxury vision for customers. From the selection of its development partners such as architects, designers and contractors, to the handover of keys, the Company endeavours to keep its promise to make sure every detail is flawless.To ensure developments are delivered to the highest possible standards, DAMAC Properties provides the right working environment for talented employees, selects only the finest partners, develops projects in prime locations, and uses the most sophisticated building materials.Only by operating this way can the Company guarantee a track record of delivery for customers to help realise its goal of being the leading luxury developer in the Middle East.
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