DAMAC Properties is one of the biggest and most well-known real estate developers in Dubai. The company is famous for creating luxury homes, high-end towers, branded residences, and award-winning communities across the UAE and beyond. But many people still ask: Who owns DAMAC Properties? To understand the company better, let’s look at its founder, ownership structure, and history.
The company is owned and led by Hussain Sajwani, a well-known Emirati businessman. If you search for DAMAC Properties owner name, the answer is always Hussain Sajwani, who founded the company in 2002 and built it into one of the leading real estate brands in the Middle East. Today, he continues to play a major role in the company’s growth and direction as the Chairman of DAMAC Group.
Many people looking for who is Hussain Sajwani want to know more about the person behind this giant real estate brand. Hussain Sajwani is a self-made billionaire and one of the most successful entrepreneurs in the UAE. Before entering real estate, he worked in catering services and even partnered with global companies and governments. He later shifted to property development, which turned out to be a major step toward building the DAMAC empire. Sajwani is known for his strong business vision, luxury-focused approach, and partnerships with international brands such as:
Versace
Fendi
Cavalli
Paramount Hotels & Resorts
Impact: These collaborations helped DAMAC stand out in the competitive Dubai real estate market.
The founder of DAMAC Properties, Hussain Sajwani, started the developer during Dubai’s early growth years. The company began with residential towers and quickly expanded into luxury villas, branded properties, and entire master communities. Some of DAMAC’s most famous projects include:
DAMAC Hills 2
DAMAC Lagoons
AYKON City
Cavalli-branded towers
DAMAC is known for creating lifestyle-driven communities with golf courses, lagoons, parks, sports facilities, and premium interiors. This focus on lifestyle helped the company grow fast and become one of the top developers in the region.
When people search for DAMAC Group ownership, they want to know if the company is publicly owned or privately held. DAMAC was previously listed on the Dubai Financial Market (DFM), but in 2021, Hussain Sajwani took the company private again. This means the DAMAC Group is now fully owned by his private investment company, Maple Invest Co. Limited, which is controlled by the Sajwani family. Under his leadership, the group has expanded into several industries, including:
Real estate development
Hospitality
Investment
Fashion partnerships
Technology and digital ventures
Impact: This makes DAMAC not just a real estate developer, but a major global business group.
When people search for DAMAC Properties history and owner, they often want to understand how the company became so successful. The secret behind DAMAC’s rise is simple:
A strong founder with a clear luxury vision
Unique branded partnerships
High-quality construction
Attractive pricing and payment plans
Prime locations across Dubai
Impact: The company now has projects in the UAE, Saudi Arabia, Qatar, Jordan, London, and other countries, making it an international real estate brand.
So, who owns DAMAC Properties? The company is owned by Hussain Sajwani, a visionary businessman who founded and built the DAMAC Group from the ground up. His leadership, strong partnerships, and focus on luxury lifestyle developments have turned DAMAC into a global real estate powerhouse.
