Who Is DAMAC Properties Owned By?

The answer is very straightforward. The founder of DAMAC Properties is Hussain Sajwani, a prominent Emirati businessman and one of the most influential figures in the region's real estate industry. Hussain Sajwani started DAMAC in 2002. With his vision, the company grew rapidly and became one of the top luxury property developers in the Middle East. Today, he is often referred to as the Hussain Sajwani DAMAC owner, because he still plays a major role in the company’s growth, expansion, and strategy.

Extra Insight: Sajwani is known for his strong business skills, luxury branding style, and partnerships with global names like Versace, Cavalli, and Paramount Hotels.

Many people search online for DAMAC Properties owner, especially after hearing about the company’s major developments like DAMAC Hills, DAMAC Lagoons, and luxury towers across Dubai. The simple answer is: DAMAC Properties is owned by the DAMAC Group, which is controlled by Hussain Sajwani and his family.

Earlier, DAMAC Properties was listed on the Dubai Financial Market (DFM). But in late 2021, Hussain Sajwani took the company private again by buying the remaining shares, which means DAMAC is now privately owned. This move helped the company operate with more flexibility and faster decision-making.

To understand ownership better, it helps to know how the DAMAC Group ownership structure works. The DAMAC Group is the parent company that owns several businesses, including:

• Real estate development

• Hospitality

• Investments

• Luxury fashion collaborations

• Construction and facility management
   

Extra Insight: Under the DAMAC Group, the real estate arm (DAMAC Properties) handles residential, commercial, and luxury projects. Because Hussain Sajwani owns the DAMAC Group, he directly controls the full operations and direction of DAMAC Properties.

Yes. If you are wondering is DAMAC Properties privately owned, the answer is yes. Since the company is not listed on the stock market anymore, it operates as a private business under the DAMAC Group. This means all decisions i.e. from new launches to investments and partnerships. They are made internally by the ownership team. Private ownership has helped DAMAC move faster in launching mega-communities like the ones below. It also allows the company to take bold marketing decisions and luxury branding steps without external shareholder pressure.

• DAMAC Lagoons

• DAMAC Bay by Cavalli

• Damac Cuba at Damac Islands 2

• Damac Bahamas at Damac Islands 2

When investors look for who owns DAMAC Properties, they want to understand the company’s stability and long-term vision. The ownership of a developer plays a big role in buyer confidence. Here are a few reasons why it matters:

a) Strong Leadership Brings Stability

With Hussain Sajwani leading the company for more than 20 years, DAMAC has a stable direction and consistent development strategy.

b) Global Partnerships Show Credibility

The founder’s leadership helped DAMAC collaborate with top global brands like Cavalli and Versace. It is something not many developers achieve.

c) Proven Track Record

DAMAC has delivered thousands of homes and continues to launch large-scale luxury communities, giving investors confidence in their projects.

d) Clear Vision for Growth

The owner focuses on premium lifestyle communities, modern architecture, and unique branding, which helps maintain high demand for DAMAC properties.

Now you clearly understand who owns DAMAC Properties, who the founder is, and how the DAMAC Group ownership works. The company is owned and led by Hussain Sajwani, an influential businessman who continues to guide the brand’s expansion in Dubai and globally.