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| '''DAMAC Properties''' is one of the largest luxury property development companies in the Middle East, based in ], in the ]. | '''DAMAC Properties''' is one of the largest luxury property development companies in the ], based in ], in the ]. | ||
| ==History== | ==History== | ||
| The company was founded in 2002 by ]<ref>http://www.damacproperties.com/en/section/about-damac-properties/management-team</ref> and is part of the DAMAC Group. | The company was founded in 2002 by ]<ref>http://www.damacproperties.com/en/section/about-damac-properties/management-team</ref> and is part of the DAMAC Group. | ||
| On 4 November 2013, DAMAC Properties announced it planned to raise around $500 million from a sale of ]s on the ].<ref>http://uk.reuters.com/article/2013/11/04/uk-emirates-damac-ipo-idUKBRE9A306I20131104</ref> On 3rd December 2013, DAMAC Properties became the first Real Estate Company from the Middle East region to list on the London Stock Exchange through a global depository receipts programme.<ref name="DamacIPO">{{cite web|title=Dubai's DAMAC gets muted response for London share sale|url=http://uk.reuters.com/article/2013/12/03/emirates-damac-ipo-idUKL5N0JI15G20131203|accessdate=Dec 17, 2013|publisher=]}}</ref> | On 4 November 2013, DAMAC Properties announced it planned to raise around $500 million from a sale of ]s on the ].<ref>http://uk.reuters.com/article/2013/11/04/uk-emirates-damac-ipo-idUKBRE9A306I20131104</ref> On 3rd December 2013, DAMAC Properties became the first Real Estate Company from the ] region to list on the ] through a global depository receipts programme.<ref name="DamacIPO">{{cite web|title=Dubai's DAMAC gets muted response for London share sale|url=http://uk.reuters.com/article/2013/12/03/emirates-damac-ipo-idUKL5N0JI15G20131203|accessdate=Dec 17, 2013|publisher=]}}</ref> | ||
| == Residential Developments == | |||
| DAMAC Properties has released a residential development in ] known as AKOYA Oxygen. The first stage of this development has sold faster than any other in the company’s history.<ref></ref> | |||
| The company has a development portfolio of over 26,000 residential units.<ref></ref> | |||
| Other developments that have been led by DAMAC Properties include ] in Dubai,<ref></ref> and ] in the ].<ref></ref> | |||
| == External Links == | |||
| * | |||
| ==References== | ==References== | ||
| {{reflist}} | {{reflist}} | ||
Revision as of 14:27, 9 October 2014
| DAMAC Properties Logo | |
| Company type | Private |
|---|---|
| Founded | 2002 |
| Headquarters | Dubai, United Arab Emirates |
| Key people | Hussain Sajwani (Arabic: حسين علي سجواني,) (Chairman) |
| Products | Luxury Real Estate |
| Number of employees | circa 1,000 (2013) |
| Website | DAMAC Properties Official Webpage |
DAMAC Properties is one of the largest luxury property development companies in the Middle East, based in Dubai, in the United Arab Emirates.
History
The company was founded in 2002 by Hussain Sajwani and is part of the DAMAC Group.
On 4 November 2013, DAMAC Properties announced it planned to raise around $500 million from a sale of global depository receipts on the London Stock Exchange. On 3rd December 2013, DAMAC Properties became the first Real Estate Company from the Middle East region to list on the London Stock Exchange through a global depository receipts programme.
Residential Developments
DAMAC Properties has released a residential development in Dubai known as AKOYA Oxygen. The first stage of this development has sold faster than any other in the company’s history. The company has a development portfolio of over 26,000 residential units. Other developments that have been led by DAMAC Properties include Ocean Heights in Dubai, and Park Towers in the Dubai International Financial Centre.
External Links
References
- http://www.damacproperties.com/en/section/about-damac-properties/management-team
- http://uk.reuters.com/article/2013/11/04/uk-emirates-damac-ipo-idUKBRE9A306I20131104
- "Dubai's DAMAC gets muted response for London share sale". Reuters. Retrieved Dec 17, 2013.
- “Damac says first Akoya Okygen homes sell out in record time”, Arabian Business, by Andy Sambidge, 22nd August 2014
- “Damac says first Akoya Okygen homes sell out in record time”, Arabian Business, by Andy Sambidge, 22nd August 2014
- “Reaching new heights”, Arabian Business, by Sarah Blackman, 20th March 2014
- “Sharpoorji scores deal to build Park Towers for Damac”, Arabian Business, by Christopher Sell, 30th December