Sector: Real Estate & Construction
Date of Establishment: 2002
Chiarman: Hussain Sajwani
Damac Properties builds residential, commercial, and leisure properties. It has delivered around 33,000 units and has another 33,000 under construction. The company’s revenues increased 6% in 2020, but it made a net loss of $283 million, compared to $10 million in 2019. In 2020, DAMAC Properties introduced online home design and virtual 3D tours of its properties. Billionaire Hussain Sajwani is the chairman of the company.