PROJECTS:
» Akoya by Damac in Dubai, UAE
» Akoya Oxygen in Dubai, UAE
» Damac Towers by Paramount Hotels and Resorts
» Ghalia in Dubai, UAE
» The Heights in Amman, Jordon
In the region since 2002, Damac Properties was established as a private residential, leisure and commercial developer in Dubai. Since then, the company has expanded rapidly into North Africa, Jordan, Lebanon, Qatar and Saudi Arabia.
The company believes in delivering a luxury vision for customers. From the selection of its development partners such as architects, designers and contractors, to the handover of keys, the company tries to make sure every detail is uncompromised.
Damac also has a highly experienced management team of directors and senior managers with significant experience in the real estate and construction industry.
Ziad El Chaar, Managing Director (MD) of Damac, joined the team 10 years ago as vice president of international sales. He was then promoted to general manager after which hebecame MD in 2011.
As of May this year, Damac Properties had awarded contracts worth AED2.8 billion across its projects. Awards include the main works packages on more than 1,500 villas within its luxury lifestyle commu- nity, Akoya Oxygen, three new apartment blocks at Akoya by Damac and the main contracts for three of its hotel apartment projects, Damac Maison Privé, Naia Vantage and Naia Celestia.
In addition to the main work packages awarded, Damac Properties has also awarded contracts for construction of the clubhouse at the Trump International Golf Club, Dubai, in the Akoya by Damac master development in Dubailand.
By March this year, Damac Properties had delivered almost 14,000 homes and has a development portfolio of over 37,000 units at various stages of progress and planning. Included are more than 10,000 hotel rooms and serviced hotel apartments under development, which will be managed by its hospitality arm, Damac Hotels and Resorts.