Many people searching for Dubai real estate often ask one common question: who is the real owner of DAMAC? DAMAC is one of the most well-known property developers in the UAE, especially in the luxury segment. To understand the company better, it’s important to look at its ownership, founder, and how the brand operates today.
The simple and direct answer to who is the owner of DAMAC Properties is Hussain Sajwani. He is the founder and chairman of DAMAC Group and is widely recognized as the key figure behind the company’s success.
When people search for the DAMAC owner name, Hussain Sajwani consistently comes up as the person who established and grew the business into an international real estate brand.
DAMAC is not just another real estate developer in Dubai. One interesting fact is that DAMAC was among the first developers to focus heavily on luxury living when Dubai’s property market was still developing. While many builders focused on mid-range housing, DAMAC positioned itself as a premium lifestyle brand.
Another lesser-known fact is that DAMAC has delivered tens of thousands of residential units across Dubai, including villas, apartments, and branded homes. Projects like DAMAC Hills, Akoya Oxygen (now DAMAC Hills 2), and luxury towers in Business Bay helped shape entire communities, not just individual buildings. DAMAC is also known for bringing international fashion and lifestyle brands into real estate. Its partnerships with brands like Versace, Cavalli, and Paramount Hotels made branded residences popular in Dubai long before they became a market trend.
DAMAC’s success did not happen overnight. The company grew by focusing strongly on marketing, branding, and lifestyle appeal. DAMAC projects are often promoted as more than homes, they are sold as experiences, with golf courses, lagoons, themed communities, and resort-style amenities.
Another key factor behind DAMAC’s growth is its focus on off-plan sales. By offering flexible payment plans and early-buyer pricing, DAMAC attracted international investors who wanted entry into Dubai’s property market without a massive upfront cost.
Damac Bahamas at DAMAC also expanded globally, with projects and investments outside the UAE. This international presence helped strengthen the company’s brand image and positioned it as a global luxury developer rather than just a local builder.
As the DAMAC Properties founder, Hussain Sajwani is a UAE-based billionaire businessman. Before entering real estate, he was involved in catering and service businesses, supplying food services to major construction projects and international companies.
His move into property development proved highly successful. Under his leadership, DAMAC delivered thousands of residential units across Dubai and expanded into markets like Saudi Arabia, the UK, and the USA.
The DAMAC Group owner is Hussain Sajwani, and the group operates across several sectors. These include:
DAMAC Properties is the real estate development arm of the larger DAMAC Group. While the company works with international partners and global brands, ownership and strategic direction remain with the founder.
When people ask who owns DAMAC Dubai, they are usually referring to the developer behind famous projects like DAMAC Hills, DAMAC Lagoons, and luxury towers in Business Bay and Downtown Dubai.
These developments are created by DAMAC Properties, which is fully backed and controlled by the DAMAC Group. The land and projects are developed under the company, while individual units are sold to buyers and investors.
Knowing who is behind a company like DAMAC is more important than you might think. For anyone looking to buy or invest, the owner’s vision basically sets the tone for everything, from how the projects are managed to the quality of the final building.
Since DAMAC is led by its founder, there is a very clear and personal sense of direction. It’s not just a faceless corporation; there is a specific brand vision and a long-term commitment to the projects they start. For you, that usually means more consistent leadership and a stronger focus on making sure the brand stays successful well into the future.
Hussain Sajwani’s long-term involvement gives confidence to many investors, especially those looking at large master-planned communities or off-plan investments.
So, who is actually behind DAMAC? It all comes back to Hussain Sajwani, the founder and chairman. He’s still very much the driving force behind the company, steering its growth and deciding on its next big moves.
Under his leadership, DAMAC has become a household name in Dubai, famous for high-end luxury, "branded" apartments (like those with Cavalli or de Grisogono), and massive family communities. At the end of the day, knowing there’s a consistent face behind the brand just makes it easier to feel confident when you're putting your money into one of their properties.
