Damac Properties

Damac Properties is a Dubai property developer founded in 2002 by Hussain Sajwani, whose parent Damac Group was originally founded in 1982 as a catering and logistics business, and taken private again in 2022 after a listing on the Dubai Financial Market. It reported sales of AED 36 billion for 2025, ranking first among Dubai's private developers, and AED 15.6 billion of sales in the first half of 2026, when it led Dubai's primary off-plan market by number of units.

• Residential communities and branded developments in Dubai, including Damac Hills, Damac Lagoons, Damac Islands and Damac District (Wikipedia; Gulf News)
• First luxury master community in Iraq, Damac Hills Baghdad, launched in 2025 (Gulf News)
• Hotels and resorts, including Damac Hotels & Resorts (Wikipedia)
• Parent Damac Group also holds Roberto Cavalli, De Grisogono and the data-centre business Edgnex, renamed Damac Digital in 2025 (Wikipedia)
• More than 4,000 employees in 2026 (Wikipedia infobox)

Hussain Sajwani

Not Verified

Founder and chairman, Damac · Damac Properties

• Amira Sajwani Managing director, sales and development (Wikipedia; Gulf News)
• Ali Sajwani Managing director, operations and technology (Wikipedia)

1. 1982The parent Damac Group is originally founded as a catering and logistics business (Wikipedia; company owner's note)
2. 2002Hussain Sajwani founds Damac Properties (Gulf News)
3. 2013Partnership with The Trump Organization begins (Wikipedia)
4. 2015Lists on the Dubai Financial Market in early 2015 (Wikipedia)
5. 2016Signs a GBP 200 million contract with Lendlease for a London tower, topped out in 2019 (Wikipedia)
6. 2017Trump International Golf Club Dubai opens in February (Wikipedia)
7. 2022Delisted after Sajwani, holding 72%, buys the remaining shares for AED 2.19 billion, about US$595 million (Wikipedia)
8. 2024Launches Damac Islands; the launch raises over AED 10.2 billion in under 24 hours and earns a Guinness World Record (Gulf News)
9. 20257 January: Sajwani announces a US$20 billion investment in US data centres (Wikipedia)
10. 2025November: Damac Islands 2 sells AED 11 billion in five hours (Gulf News)
11. 2025Reports AED 36 billion of sales for the year (Gulf News, 20 January 2026)
12. 2026Leads Dubai's primary off-plan market by units in the first half (Technical Review Middle East, 3 August 2026)