DAMAC Properties Plans to Replicate the Beverley Hills Model in Dubai

The motto of DAMAC Properties perfectly sums up what this UAE-based company is all about. The motto reads, ‘Live the Luxury’ rhymes perfectly with the unique and austere developments brought to live by the establishment founded by a visionary Arab, Hussain Sajwani. Mr. Sajwani started the DAMAC Group in 1992 and in 2002, the entity rebranded and the name changed to DAMAC Properties Inc. Learn more about DAMAC owner: http://www.emirates247.com/news/richest-arabs-youngest-billionaire-wealthiest-family-2016-04-17-1.627434

The company’s HQ would remain in Dubai even after they held one of the most successful IPO’s in all recorded history. Damac’s IPO took place in 2015 and it was executed on the London Stock Exchange on the 12th January 2015. The public listing added an estimated $380 million to the accounts of the shareholders of the organization.

DAMAC Properties Fact Sheet

In 2017, DAMAC Properties has completely taken over the lucrative real estate development market in the Middle East. Under the able guidance of the CEO and DAMAC owner, Mr. Sajwani, the group has taken on ambitious projects in nations all over North Africa, Lebanon, Saudi Arabia, and Qatar and in Jordan.

The projects have culminated into the erection of countless luxury private residential estates, commercial spaces and leisure facilities worth many billions of dollars. Their success and growth have not come easy and cheap. Learn more about DAMAC owner: http://www.cnn.com/2017/01/02/politics/donald-trump-new-years-eve-speech/

No, the outlet has had to form strong allegiances with reputable independent contractors and with leading architectural firms from all over the world. That assembled team has overseen the completion of well over 17,900 luxury units and 13,000 plus hotels, apartments and five-star villas as of the 31st December 2016, the company’s official website claims.

Trump Golf Club and Clubhouses

In a show of might and power, DAMAC owned by Hussain Sajwani family, has set about to develop the Beverley Hills equivalent in this region. The Damac Hills is already half-way done with 2,000 villas, apartments, townhouses and mansions now available for the consumers.

The Hills, once completed, will come with a world-class golf club called the Trump International Golf Club, Dubai. The development is taking place in an area the size of 17.3 million square feet and it will come bearing a unique clubhouse whereby the residents can relax and unwind.

The featured clubhouse will bear exquisite hotels and award-winning restaurants and health and wellness spas. The word on the street is that all the luxury condos and commercial premises on the grounds have already sold out.

One Reply to “DAMAC Properties Plans to Replicate the Beverley Hills Model in Dubai”

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