DAMAC Properties
Damac Properties is a Emirati property development firm with its headquarters within Dubai situated in the United Arab Emirates. Founded by Hussain Sajwani, it was listed on the Dubai Financial Market in early 2015. The company was delisted in 2022 after it was taken private again; Sajwani, who retained 72% of all shares, purchased the remaining shares for 2.19 billion AED (595 million USD). The company operates internationally.
The company has been linked to money laundering and suspicious activity. The investigation has revealed that DAMAC agents train potential clients on how to evade scrutiny regarding the source of the cash used to buy properties and instruct customers on how to purchase property by cash or crypto.
Latest Projects:
About The Project
Presenting the latest gem in the Dubai landscape, Damac Riverside built through Damac Properties with an exquisite collection of 4- and five-bedroom townhouses as well as villas. The meticulously designed community sets the bar in luxurious living. It promises the most sophisticated blend of luxury comfort, luxury, and peace. Enjoy the highest level of this luxurious waterfront development that combines modern design, unbeatable amenities, and a perfect site to create a truly unique place where residents can be at ease.
More DAMAC Projects
Damac Elo
Offering 1 & 2-bedroom apartments Starting From AED 547,000
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Why Choose Us
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