Sector: Real Estate
Country: UAE
DAMAC Group is a private business conglomerate owned and managed by Dubaibased businessman Hussain Sajwani. Established in 1982, with beginnings in catering and logistics, it has grown exponentially to an impressive and diverse portfolio in various industries including property development and real estate, data centres, retail and fashion, hospitality, capital markets, and logistics.
Today, DAMAC Group’s global footprint extends across Europe, North America, Asia, the Middle East, and North Africa, and is continuously seeking expansion opportunities into new markets. To date, DAMAC Properties has delivered over 48,000 homes and has over 50,000 units in different stages of planning and development with projects in 20 cities around the world including Dubai, Jeddah, Riyadh, Beirut, Amman, Doha, Baghdad, Maldives, Toronto,Miami and London.
To manage these homes, DAMAC Properties established its own management facilities company which is ISO 9001 certified. DAMAC’s international projects include the 50-storey DAMAC Towers Nine Elms, a flagship project in central London, which is branded with Italian fashion icon Versace.
Further afield, DAMAC Properties launched a sea-facing project in the upscale neighbourhood of Surfside in Miami, Florida to be designed by Zaha Hadid Architects. As a natural addition to the real estate company, DAMAC Properties founded its own hotel management company to manage all the hotel units that it developed.
Today, the Company oversees eight hotel properties under the brands Radisson, Paramount, Rotana and DAMAC Maison. Currently, the company is building a luxurious hotel resort in the Maldives, which will be run and operated by Mandarin International. As a market leader, DAMAC Properties has joined forces with globally recognisable lifestyle brands to bring distinguished living concepts.
Projects include luxury apartments and villas with interiors by fashion-houses Versace Home, Fendi Casa, de GRISIGONO, and Cavalli and the uniquely conceptualised Paramount Hotels & Resorts, which delivers serviced living at its most opulent. The DAMAC Group has also entered the data centre industry through EDGNEX Data Centers by DAMAC. EDGNEX currently has operations in 11 countries — UAE, KSA, Turkey, Thailand, Malaysia, Indonesia, Greece, Spain, Finland, Sweden, and the US, and has a projected capacity of over 4,000 MW.
The group acquired the Italian fashion group Roberto Cavalli in 2019 and went on to acquire the Swiss luxury jewellery brand de GRISIGONO with the aim to leverage these brands and innovate them for a younger clientele. As a long-term investor, DAMAC Capital backs bold visionaries keen to build the future through innovation and technology.
The group places a great emphasis on social responsibility. Under the Hussain Sajwani – DAMAC Foundation, the group has signed an MoU with Dubai’s Knowledge Fund to support its Dubai Schools project and has contributed significantly to initiatives by the Dubai Future Foundation, Dubai Cares, UAE Red Crescent Society among others.
