The contracts included construction, supplier and consultancy services across its portfolio of developments. A Market Research Future (MRF) research observed that the metaverse market was worth $21.91 billion in 2020, which is predicted to grow at 41.7% by 2030. The property, set on 1.8 acres of land, will offer residents 61 meters of seafront and access to South Beach and Bal Harbour. "In an attempt to mold to the progressive trends of business, we are expanding our offerings into the metaverse realm to avail of the many opportunities it presents. Under his strategic investment arm, The DICO Group (www.dicogroup.com), he currently holds investment portfolios of securities in a number of regional and global markets. The Distinction is located in downtown Dubai. [7], By June 2022, DAMAC completed $50m in crypto deals since the beginning of the year. [76], In 2015, DAMAC Properties donated AED 1 million to the UAE Red Crescent, who was then delivering aid to support refugees in Jordan and Lebanon hit by the "Huda" across the Levant region. Mr Arjomand founded the Arjomand Group of companies in 2000. [22], After the successful launch of Safa One, DAMAC Properties launched a brand new ultra-luxury residents of Safa Two by de GRISOGONO. The second development, DAMAC Hills 2[13][14] has another golf course by Tiger Woods[15] Design, the Trump World Golf Club Dubai. Set to become the citys first hypermarket anchored network of shopping malls, and one of the nations most iconic shopping destinations, DAMAC Malls will be vibrant mixed-used developments, complete with premium and international brands, along with a choice of dining and entertainment spaces. As a market leader, DAMAC Properties has also joined forces with some of the most recognisable lifestyle brands, to bring distinguished living concepts to the market. Digital experiences is also part of the offering, where guests will be able to get a virtual treat of the Mandarin Oriental Resort Bolidhuffaru, which is part of the Group's hotels, resorts and serviced apartments portfolio. Rich amenities complete the star-studded experience, topped off by the rooftop infinity pool one of the highest in Dubai with its magnificent panoramic views. Hussain Sajwani, a UAE national, is the founder of the global property development company, DAMAC Properties. The property located in Dubai's Business Bay area has a total built-up area of 4million square feet and an estimated sales value of $1.35 billion. Spanning over six million square feet, the multi-tower community is located on Sheikh Zayed Road, overlooking Dubai Canal and the citys most prestigious business district. Generous in space, the residential apartments are the height of fashionable, yet comfortable living, in a spectacular location.
As a Company born in United Arab Emirates, we believe in giving back to the country that has played such a seminal role in our success story. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. MrAl Khatib has over 37 years of experience in the catering and hospitality industry in the Middle East. DAMAC Properties has been shaping the Middle Easts luxury real estate market since 2002, delivering iconic residential, commercial and leisure properties for sale in Dubai, across the region and beyond. To date DAMAC has delivered c. 39,400 quality homes, with c. 28,000 more under way. [50] Tower Beirut is a residential project in Beirut, Lebanon which stands at 28 stories that offers studios and apartments. [43], The first homes were handed over in DAMAC Hills 2 in June and will continue throughout 2019. [32][33], DAMAC Towers by Paramount is a four-tower development by DAMAC Properties in collaboration with Paramount Hotel & Resorts. The company derives a majority of revenue from the UAE region. MrAl Khatib is currently on the board of a number of private and public companies in MENA, including Al Anwar Ceramics Tiles Company SAOG and Al Jazeira Services Co SAOG, and is Chairman of SAK Investments Limited. DAMAC Properties board of directors and senior management teams offer exceptional expertise in the real estate and construction industries. DICO focuses on investments in new concepts, private equities, mergers and acquisitions and holds majority and minority holdings in publicly traded companies and industries like luxury fashion, real estate, hospitality, manufacturing and more. [8], The company was established on 28 January 2002, and is part of the DAMAC Group, formed in 1992, by Hussain Sajwani, the owner and chairman. +91 (0) 22 4056 0001 from 9 AM - 5:30 PM IST, +91 (0) 22 4056 0001 Edit Lists Featuring This Company Section, Dubais DAMAC Properties Accepts Bitcoin and Ethereum, Companies With More Than 500 Employees (Top 10K). Prior to this role, MrAl Khatib held several managerial positions with catering companies in Saudi Arabia, where he was charged with the sales and marketing efforts, sales network expansion, achieving sales revenues targets and control of operations of regional projects. The portfolio of hotels provide 24-hour check-in service and other family-friendly services. Through this move, the DAMAC Group hopes to branch out its services to cater to the needs of the entire Group when it comes to digital assets ranging from virtual homes, digital property, as well as digital wearables, and digital jewellery through the company's acquisitions of Swiss jewellers de Grisogono, and Italian fashion brand Roberto Cavalli, respectively. Some of the prominent perks in adapting to the metaverse include increase customer engagement and loyalty, better connectivity and collaborations with stakeholders, and eventually increased revenue. Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. [28] DAMAC Hills, built around the 18-hole Trump International Golf Club Dubai, was named "Best Golf Development in the World" at the International Property Awards in London in recent years;[29] and in 2016 received a "highly commended" recognition for Best Golf Development in the Africa and Arabia Property Awards hosted in Dubai. Since the early days of DAMAC Properties, the organisation has continually received recognition and accolades for its contribution to the real estate development sector. The Group will be run under the banner, 'D-Labs', and will be led by Ali Sajwani, Chief Executive Officer of D-Labs and DAMAC General Manager. The project comprises 2000 units with 1200 units across three residential apartment towers and 800 units in the Paramount Hotel tower. Today, DAMAC Properties has several prestigious projects in key global cities like Dubai, Jeddah, Riyadh, Baghdad, Toronto, Maldives, Miami and London, employing nearly 2,000 professionals. [5] In 2018, DAMAC Properties recorded total revenue of AED 6.1 billion. Situated opposite to Safa One, the new tower will have impressive views of Dubai Canal, Burj Al Arab and the Palm. He began his career as a banker at HSBC in 1985 and gained extensive experience of private banking, corporate finance, trade services and investment banking. AYKON City is a unique concept an entire city set within the magnificent metropolis of Dubai. [48][49], Tower Amman is a residential project in Amman, Jordan which stands at 35 stories, supported by two wings: the nine-story Courtyard and the seven-story Lofts. [23], In 2022, DAMAC Properties launched its latest and Third community development, DAMAC Lagoons. The project is in the advanced stages of development and ground work is set to begin in the near future. [31], DAMAC Heights is an 84-floor tower with 15-bedroom apartments located in Dubai Marina. [67] Canal Views looks over the Business Bay water canal and the Burj Khalifa. Mr Arjomand is also a board member of Al Ahlia Insurance Company BSC, Bahrain. Mr Arjomand received his Bachelor of Business Administration (BBA) from Seattle Pacific University in the United States in 1984. The hotel will be located on the Trump International Golf Club Dubai at DAMAC Hills. [89], Damac Properties has posted losses of over AED1 billion ($272m) for 2020. [81], In April 2020, the Hussain Sajwani-DAMAC Foundation pledged Dh 1 million to provide food to those affected by COVID-19 pandemic in the UAE. [75], In 2014, DAMAC Heights won the "Best International Residential High-rise Architecture" at the International Property Awards. Get the full list, Youre viewing 3 of 4 executive team members. The most recent acquisition for The DICO Group was of the Italian fashion group Roberto Cavalli SPA which was finalised in December 2019. An exclusive partnership with Versace Home, and a striking new addition to the London skyline, DAMAC Tower Nine Elms is a 50-storey development with one, two and three bedroom luxury apartments. Al Amana Building Materials Co. LLC was formerly known as General Trading Company LLC and was established in 1964 in the Sultanate of Oman. [17], In January 2017, DAMAC Properties had awarded more than 370 contracts worth AED 3.5 billion. Since then, hes held several positions in the banking world, including Senior Dealer at Union Bank in Dubai and Senior Branch Manager at Emirates NBD. The fourth tower is the setting for a hotel, directed by Paramount Hotels & Resorts. Having now received over 100 global awards and commendations, for everything from high-rise architecture and interior design to excellence in hospitality and international golf course communities, DAMAC only goes from strength to strength. Paramount Tower Hotel and Residences features multiple floors of world-class amenities such as restaurants and lounges, an exquisitely landscaped rooftop terrace, state-of-the-art fitness and wellness centres, and a well-equipped business centre, among others that are currently being developed. The value of the property is estimated at US$654 million and was handed over in July 2018. The initiative forms part of the company-wide ambitions to move into digital assets and non-fungible tokens (NFT), and he is tasked in delivering the organisation's goal to be a leading global digital brand. Prime location southwest of downtown across from Queensway Park, Close proximity to the Gardiner Expressway and Lakeshore Boulevard, Easy connectivity through the Toronto Transit Commission (TTC) bus route, Ownership of subsidiaries in growth industries, Long-term investments in fast-growing banks, Debt instruments issued by companies and banks, UK, European and Asian Home Builders / REITs. DAMAC Hills[11] offers a mix of horizontal and vertical community living set around the championship-standard Trump International Golf Club Dubai and nearly four million square feet of private parkland. [25][26] and will have two restaurants, facilities consisting of a gym, spa, kids club and an outdoor swimming pool, and meeting space covering 600m2. The Group plans to invest capital up to US$100 million for the project. It will be DAMAC's first project in the US. from 9 AM - 5:30 PM IST, https://mma.prnewswire.com/media/1803859/DAMAC_Group.jpg. Each provides the ideal environment for those who would like to live the ultimate Dubai lifestyle with the same comfort and practicality they enjoy at home. After a short period, he established his own catering business in 1982. The company is quoted on Muscat Securities Market and has a wide shareholder base represented by pension funds, brokerage houses, joint stock companies, major trading houses and prominent Omani and GCC citizens. from 9 AM - 5:30 PM IST, - Upto US$100 million investment planned for 'D-Labs'- New initiative to offer Group-wide services including virtual homes, digital property, digital wearables, and digital jewellery- All group companies and DAMAC Properties customers to receive priority- Part of the Group's organisation-wide digitisation ambitions and goal to become a global digital brand. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. [27], As of December 2019, roughly 4,000 units were delivered at DAMAC Hills, along with a community centre and a 2,000-square-meter-skatepark. Each is an oasis of tranquillity offering a variety of treatments beautifully infused with the finest signature products from specialist brands. Burj DAMAC Waterfront is a similar project in Lusail City, Qatar overlooking the beach as well offering also apartments and all amenities. Furthermore, there is a massive demand for real estate in the metaverse, which is being slated as one of the most popular attractions for investors in the virtual space. In the past decade, DAMAC Properties has expanded into Iraq, Jordan, Lebanon, Qatar and Saudi Arabia. The Group conducts various activities including real estate, manufacturing, trades, financial activities and aviation across the GCC, Asia, Europe and the US. Global Logistics Services serves nearly 150,000 meals per day and extends a wide range of support services on a daily basis. [42], In 2014, DAMAC Properties launched, DAMAC Hills 2, a golf community in Dubailand covering 55 million square feet. [2] The company operates internationally providing residential, commercial and leisure properties and has presence in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iran, Oman, and the United Kingdom. More details here Cookie policy - Privacy Policy, FOUNDER & CHAIRMAN OF THE BOARD OF DIRECTORS, Sajwani is a pioneer of the property market expansion in Dubai. The three towers host 1,200 luxury apartments, where the sleek, studio-feel interior theme is inspired by the iconic studios. My journey at DAMAC has been nothing short of exhilarating. We are using cookies to give you the best experience on our website. Public Fundamental Data provided by Morningstar, Inc. DAMAC Properties Dubai Co PJSC along with its subsidiaries is engaged in the development of properties in the Middle Eas, labore et dolore magna aliqua. DAMAC Hotels & Resorts heads the hospitality element of the company's portfolio, which operates hotel apartment complexes. As an astute businessman and investor, Sajwani also has a proven track record of successful forays into the global equity and capital markets. [35], DAMAC Properties signed a 200 million contract with Lendlease in 2016 to build one of London's tallest residential towers. The company specialises in comprehensive solutions for engineering, procurement and construction (EPC) and provision of catering and support services for clients in a number of industries including oil and gas, hospitality and educational institutions, amongst others. [24], DAMAC Hills is a golf community development located in Dubailand. A self-made billionaire, Sajwani has been recognised as one of the most powerful Arabs, among many other accolades. Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, having delivered around 39,400 homes, with a development portfolio of more than 28,000 units at various stages of progress. DAMAC Properties is an Emirati property development company, based in Dubai, in the United Arab Emirates. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Residents who stay at Rotana Hotel at DAMAC Hills 2 have access to the communitys five towns stacked with amenities for residents and guests to enjoy, including a waterpark, a go-Kart track, a paint-ball arena, horse stables and a petting farm. Photo - https://mma.prnewswire.com/media/1803859/DAMAC_Group.jpg, +91 (0) 22 4056 0001 Some of the DICO Groups most notable investments include DAMAC Towers Nine Elms in London, a luxury resort in the Maldives and shopping malls in Iraq. At a distance of 17 km South-West of Male, the island has an approximate total area of 35.2 hectares and will be developed into a luxury resort consisting of bungalows and water villas, high-end amenities and world-class services. [21], Safa One by de GRISOGONO is situated on the edge of Safa Park, viewing the Dubai Canal on one side and Sheikh Zayed Road on the other. And guests are just a short taxi ride away from Expo 2020 site, Global Village, IMG Worlds of Adventure, Dubai Cricket Stadium and Dubai Autodrome. Al Jazeira Services Company SAOG (AJS) is an Omani Joint Stock Company established in 1997. [84], DAMAC Properties was ranked at number 1 on the Forbes Global 2000 List of Growth Champions, making it the fastest growing company worldwide among the top 2,000 listed by Forbes. Paramount Hotel Midtown held its opening in February 2022. [85], The company's facilities management arm, Luxury Owner Association Management Services LLC (LOAMS) was recognised by The Dubai Land Department (DLD) for its excellence in managing the facilities of numerous properties. [17], Located in the Dubai Marina, the tower will consist of 485 units divided into three sections: the first floors will be considered the luxury section, the middle floors will be upper luxury, and the top floors will offer super luxury features and finishes. Personalize which data points you want to see and create visualizations instantly. Get the full list, To view DAMAC Properties Dubai Companys complete board members history, request access, To view DAMAC Properties Dubai Companys complete investments and acquisitions history, request access, To view DAMAC Properties Dubai Companys complete subsidiaries history, request access, Senior Vice President, International Business Development, Senior Vice President, Marketing and Corporate Communications. [61][62][63][64][65][66], Canal Views is DAMAC Maison's second hotel property project launched along with Dubai Mall Street in December 2013, also located in downtown Dubai. [87], In 2019 DAMAC won the International Business Magazine Awards. [86], DAMAC Towers by Paramount Hotels & Resorts was awarded the "Residential Project of the Year" award at the CW Awards 2018. Comprising clusters of residential villas, apartments, and retail and entertainment facilities. [72], In 2020, Paramount Hotel Dubai opened its doors. [38][39] The building was designed by Kohn Pedersen Fox Associates with interiors created in partnership Versace Home.