Founded in the year 2002, DAMAC Properties initially started out as a private residential, leisure and commercial developer in Dubai and the Middle East. Over the years, the Company has expanded rapidly and made a very rich and diverse real estate portfolio that extends beyond the Middle East. With it passion for producing amazing designs and quality structures, the property giant has also made a great name for itself in UAE, Saudi Arabia, Qatar, Lebanon, Jordan and North Africa.
As of September 2016, DAMAC Properties has completed almost 16,800 units including some of the most iconic structures. Its development portfolio includes over 44,000 units which are at various stages of planning and progress. The hospitality portfolio of the company is expected to reach around 13,000 units including hotel rooms, serviced hotel apartments and serviced villas. Being one of the leading players in the market, DAMAC Properties has joined hands with some of the most renowned fashion and lifestyle brands from around the world and introduced numerous new and exciting living concepts to the market.
DAMAC is expanding at a rapid pace both in the UAE and internationally. The existing staff head-count is over 6000 and the company is on a huge expansion drive to recruit the best talent for its existing and new markets. The company thrives on the core competencies of its employees including initiative, drive and energy along with the ability to ‘think outside of the box’.