DAMAC Properties company profile
DAMAC Properties, founded in 2002 by Hussain Sajwani, builds three distinct kinds of product in Dubai. It sells master-planned villa and townhouse communities in Dubailand and Dubai Investments Park — this is where DAMAC Riverside, DAMAC Islands and DAMAC Sun City, the three DAMAC projects GRAF sells, sit. Separately, it builds branded apartment towers in Business Bay and Dubai Marina under licence from names like Versace and Roberto Cavalli, and a handful of towers outside the UAE. See "Who owns DAMAC Properties?" below for its ownership and market position.
Dubai communities and landmark towers
DAMAC is known for many communities and towers across Dubai — among the best known are DAMAC Hills (home to the Trump International Golf Club, designed by Gil Hanse), DAMAC Hills 2 (formerly Akoya Oxygen, a 55 million sq ft green community), DAMAC Lagoons, and its newer communities DAMAC Riverside, DAMAC Islands, and DAMAC Sun City. Its landmark towers include the four-tower DAMAC Towers by Paramount and the six-tower AYKON City in Business Bay, the Roberto Cavalli-interior Cavalli Tower in Dubai Marina (the world's first tower with Cavalli interiors, topped out November 2025), and the 85-storey supertall DAMAC Residenze (formerly DAMAC Heights). Outside the UAE, DAMAC has built DAMAC Tower Nine Elms in London — its first European project — and towers in Jeddah, Beirut, and Doha.
In May 2025, DAMAC launched Chelsea Residences by DAMAC in Dubai Maritime City. In November 2025, the company announced the first handovers at the Santorini cluster of DAMAC Lagoons.
Sources: Zawya — DAMAC leads Dubai's off-plan market, H1 2026, Arabian Business — Roberto Cavalli acquisition, 2019, Bloomberg — de Grisogono acquisition, 2022, Gulf News — Cavalli Tower topping out, and DAMAC Properties.
Master communities, residential towers, and branded residences
