DAMAC Group

DAMAC Group is a prominent multinational conglomerate headquartered in Dubai, United Arab Emirates. Established in 1982 by Hussain Sajwani, the company initially entered the catering and logistics sector before expanding into luxury real estate development, hospitality, retail, and other industries. DAMAC Properties, its real estate arm, has been instrumental in transforming the skyline of Dubai and other key cities worldwide with its high-end residential, commercial, and mixed-use developments. The group's ventures are characterised by their luxurious design, quality construction, and strategic locations, catering to a clientele that values exclusivity and opulence.

Globally, DAMAC Group has extended its reach beyond the Middle East to markets in Europe, North America, and Asia. Iconic projects such as DAMAC Tower Nine Elms in London, featuring interiors by Versace Home, and partnerships with international brands like Paramount Hotels & Resorts, highlight its commitment to luxury and global standards. The group's economic impact is significant, contributing to job creation, urban development, and enhancing the luxury real estate market. DAMAC's involvement in various sectors, including logistics, data centres, and retail through acquisitions like the Roberto Cavalli fashion house, underscores its diversified investment strategy and robust economic footprint.

DAMAC Group's iconic works include the Trump International Golf Club Dubai at DAMAC Hills, which opened in 2017 and is a testament to the group's ability to collaborate with prestigious global brands. The development of master-planned communities like DAMAC Hills and AKOYA Oxygen showcases the group's expertise in creating self-sustained environments with comprehensive amenities. These projects not only provide luxurious living spaces but also promote sustainable and community-centric living. Through its various initiatives and projects, DAMAC Group continues to play a pivotal role in shaping the future of urban living and maintaining its status as a leader in the luxury real estate market.

DAMAC Group was established in 1982 by Hussain Sajwani, initially entering the catering and logistics industry with Global Logistics. Over the years, the company expanded into various sectors, including investments in education, ceramics, and public equity, particularly in the telecoms sector. DAMAC Group’s real estate arm, DAMAC Properties, was launched following the introduction of freehold ownership rights for expatriates in Dubai, marking its entry into the luxury real estate market. The company quickly gained prominence with landmark developments such as Marina Terrace in Dubai Marina and later expanded its footprint with major projects like DAMAC Hills and AKOYA Oxygen.

Throughout the 2000s, DAMAC Properties continued to grow, launching numerous high-profile projects, including Ocean Heights and Park Towers. The company also ventured into international markets, developing properties in Saudi Arabia, Qatar, and the UK. In 2013, DAMAC partnered with the Trump Organization to develop two Trump-branded golf courses in Dubai, which became signature projects within its portfolio.

In recent years, DAMAC has further diversified its offerings, entering the hospitality sector with DAMAC Hotels & Resorts and forming strategic partnerships with global luxury brands like Versace, de GRISOGONO, and Roberto Cavalli. Notable projects include the DAMAC Towers by Paramount Hotels & Resorts, the Cavalli Tower, and the DAMAC Lagoons community. The company has also embraced technological advancements, launching initiatives like D-LABS to explore opportunities in the metaverse.

In 2022, DAMAC Properties delisted from the Dubai Financial Market as Hussain Sajwani took the company private. The group's recent achievements include the acquisition of Swiss jeweller de GRISOGONO, the launch of Cavalli Couture designer apartments, and continued expansion in international markets with new developments in London and Miami. DAMAC remains a significant player in the global luxury real estate market, known for its innovative and iconic developments.

The mission of DAMAC Group is to deliver world-class luxury real estate and lifestyle experiences through innovative developments, exceptional design, and a commitment to quality and customer satisfaction. By continuously expanding their portfolio and entering new markets, DAMAC aims to set new standards in luxury living and contribute to the economic development of the regions they operate in. The group focuses on creating vibrant communities and iconic properties that enhance the urban landscape and improve the quality of life for their residents and customers.

The vision of DAMAC Group is to be a global leader in luxury real estate development, renowned for its excellence in creating iconic, high-quality properties that set new benchmarks in the industry. The group aspires to continuously innovate and expand its presence across key international markets, contributing to urban development and enhancing the lifestyles of its customers through vibrant, sustainable communities and world-class service. DAMAC aims to uphold its reputation for reliability, trustworthiness, and unparalleled luxury in all its endeavours.

DAMAC Group offers a wide array of products and services across several sectors, establishing itself as a versatile and dynamic entity in the business world. In the real estate sector, DAMAC is renowned for its development of luxury properties, including residential, commercial, and mixed-use projects. These developments are located in prime areas and are designed to offer high-end living and working environments. The company's residential properties range from apartments and villas to townhouses, while its commercial offerings include state-of-the-art office spaces and retail units that cater to the needs of businesses and consumers alike.

DAMAC Group has a significant presence in the hospitality industry through its DAMAC Hotels & Resorts division. This segment provides luxury hotel apartments and hotel services, combining the comforts of home with the amenities and services of a high-end hotel. Properties under this division are known for their opulent interiors and extensive facilities, including fine dining, spas, fitness centres, and business services, catering to both long-term residents and short-term visitors.

DAMAC Group has also ventured into the retail and fashion industry. The acquisition of the Italian fashion house Roberto Cavalli exemplifies DAMAC's commitment to luxury and style. This acquisition allows the group to integrate high fashion into its real estate developments, offering branded residences that appeal to discerning clients seeking a blend of luxury living and fashion-forward design.

DAMAC Group operates through its subsidiary Global Logistics Services, which was one of the group's initial business ventures. This division provides comprehensive logistics and supply chain solutions, supporting the company's extensive operations and ensuring efficient delivery of goods and services.

DAMAC Capital is the group's investment arm, managing and growing the company's financial assets. This division focuses on strategic investments across various sectors, including real estate, hospitality, and retail, to diversify the group's portfolio and enhance its financial stability.

DAMAC Group has expanded into the technology sector with the introduction of data centres, supporting the growing demand for digital infrastructure. These facilities provide secure and reliable data storage and management services, catering to businesses and government entities in need of advanced technological solutions.