DAMAC Properties was established in 2002, as a residential, leisure and commercial developer in Dubai and the Middle East. In the past decade, DAMAC Properties has expanded into Iraq, Jordan, Lebanon, Qatar and Saudi Arabia. DAMAC Properties was established in 2002, as a residential, leisure and commercial developer in Dubai and the Middle East. In the past decade, DAMAC Properties has expanded into Iraq, Jordan, Lebanon, Qatar and Saudi Arabia.
DAMAC Properties has completed 9,318 units to date and has a further 25,362 units at various stages of progress and planning across the Middle East region, as of 31st December 2013. In May 2013, DAMAC Properties introduced the 42 million square foot ‘AKOYA by DAMAC’ master plan development off Umm Suqeim Road in Dubai.
The project includes mansions, villas, luxurious apartments and retail centre all surrounding an 18-hole Championship Golf Course ‘The Trump International Golf Club, Dubai’. Within the AKOYA by DAMAC golf course community, featured products include ‘The Trump Estates’, a luxurious lifestyle community located in the most desirable locations of the development.
Also set within the heart of the community is a global first, with the launch of FENDI fashion-styled villas using FENDI Casa designs and influences, these villas offer a new concept of refined living. The project also includes a 14 million sq ft extension to the original 28 million sq ft at AKOYA by DAMAC, with a dedicated 4.3 million sq ft of open parkland, which will be a first-of-its-kind development in the region. The exclusive villas are set within the grounds of a lush green open space reserved for the residents of the community.
TheAKOYA Park will become one of the largest private parks in the region. The company is also developing a US$1 billion hotel and luxury serviced residences in the Burj Khalifa area of Dubai, called ‘DAMAC Towers by Paramount’, which will comprise the first Paramount Hotel & Residences in the region and DAMAC Maison serviced units – Paramount co-branded serviced hotel residences. In October 2011, DAMAC Properties launched its hospitality division, DAMAC Maison, which will provide bespoke hospitality services to residents in 7,351 serviced hotel apartments by the end of 2017.
DAMAC Properties reinforced its position as the region’s premium developer with the launch of ‘DAMAC Tower’ in Beirut, Lebanon. A 28- storey tower, this project is in association with Italian design group, VERSACE, with all interiors being designed by Versace Home.
This was followed by the DAMAC Residences with Interiors by Versace Home, in Jeddah, Saudi Arabia. Extending its collaborations with luxury Italian fashion houses, DAMAC Properties is developing luxury serviced hotel apartments in ‘DAMAC Esclusiva’ in Riyadh and private apartments in ‘DAMAC Residenze’ in Dubai Marina, with interior designs by FENDI Casa. In addition to support services provided by the Dubai headquarters, the company’s comprehensive Customer Care Program provides solutions through its network with offices in the UAE, Jordan, Iraq, Lebanon, KSA and Qatar.