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DAMAC Properties

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DAMAC Properties is a property development company, based in Dubai, in the United Arab Emirates

Contents

  • 1 History
  • 2 Projects
    • 21 DAMAC Hills
  • 3 Hospitality
  • 4 External links
  • 5 References

Historyedit

DAMAC Properties was established in 2002, and is part of the DAMAC Group, formed in 1992, by Mr Hussain Sajwani, Chairman 

On 12 January 2015, DAMAC Properties listed on the Dubai Financial Market DFM,1 its home market exchange

Previously, in December 2013, DAMAC had successfully become the first real estate company from the Middle East to list on the London Stock Exchange 2 LSE through a global depository receipts programme, which raised US$ 379 million in the form of an IPO Following an offer to exchange its outstanding Global Depository Receipts listed on the LSE for Ordinary Shares listed on the DFM, DAMAC began trading in Dubai on 12 January 2015 The GDR’s were subsequently de-listed in March 2015

Projectsedit

DAMAC Properties has completed a number of award-winning residential, commercial and mixed-use projects across Dubai, Abu Dhabi, Qatar and the Kingdom of Saudi Arabia, with more in progress in those regions as well as Jordan, Lebanon and the United Kingdom 

The Company has also released two master developments in Dubai, totalling nearly 100 million square feet between them DAMAC Hills formerly AKOYA by DAMAC3 centres around Beverly Hills-style living on The Drive, and the championship-standard Trump International Golf Club Dubai with a mix of horizontal and vertical community living Trump International Golf Club Dubai 4 was opened in February 2017 by guests of honour Donald Trump Jr and Eric Trump The second development, AKOYA Oxygen,5 boasts another world-class course by Tiger Woods 6 Design, the Trump World Golf Club Dubai7 It is also home to The Dubai Rainforest and Vista Lux, a retail, dining and entertainment destination

DAMAC Hillsedit

DAMAC Hills is a luxury lifestyle golf community development located in Dubailand The 42-million- square-foot development comprises branded mansions, villas, townhouses and apartments, in addition to entertainment and retail facilities The DAMAC Hills development, built around the 18-hole Trump International Golf Club Dubai, was named ‘Best Golf Development’ 8 in the world at the International Property Awards in London in recent years and in 2016 received a 'highly commended' recognition for Golf Development in the Africa and Arabia Property Awards hosted in Dubai9

Hospitalityedit

DAMAC Hotels & Resorts heads the hospitality element of the Company’s portfolio, which operates hotels, hotel apartment complexes and luxury serviced villas, under the following brands:

  • Paramount Hotels & Resorts
  • DAMAC Maison Royale Hotels & Resorts
  • DAMAC Maison Hotels & Resorts
  • DAMAC Maison de Ville Hotels & Resorts
  • AYKON Hotels & Resorts 

DAMAC Properties has five hospitality developments in operation as of 31 December 2016, with two more properties – DAMAC Maison Bay’s Edge10 and DAMAC Maison Royale The Distinction11 set to open in 2017

External linksedit

  • DAMAC Properties - website
  • DAMAC PROPERTIES DUBAI CO PJSC - DFM Company Profile
  • DAMAC Maison - website
  • AYKON London One - website
  • The Chairman - website

Referencesedit

  1. ^ "Shares in Dubai developer DAMAC to begin trading Monday on DFM | The National" The National 
  2. ^ "Dubai developer DAMAC plans $500 million London share listing" Reuters UK 
  3. ^ "Dubai developer renames Trump golf community ‘DAMAC Hills’ – Middle East Construction News" Middle East Construction News 
  4. ^ "Trump’s sons in Dubai to open Trump International Golf Club | The National" The National 
  5. ^ "DAMAC says first AKOYA Oxygen homes sell out 'in record time'" Arabian Business 
  6. ^ "Trump World Golf Club Dubai - TGR Design" TGR Design 
  7. ^ "Trump World Golf Club Dubai, UAE" wwwtrumpcom 
  8. ^ "AKOYA by DAMAC honoured in London" wwwkhaleejtimescom Khaleej Times 
  9. ^ Reports, Gulf News Journal "DAMAC Properties wins four Africa and Arabia Property Awards" Gulf News Journal 
  10. ^ Pereira, Nikhil "DAMAC Maison Bay's Edge to open in May in Dubai | HotelierMiddleEastcom" HotelierMiddleEastcom 
  11. ^ Menon, Jochebed "Damac’s hotel The Distinction to open in June | ConstructionWeekOnlinecom" wwwconstructionweekonlinecom ConstructionWeekOnlinecom 

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DAMAC Properties


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