It was in 2002 that DAMAC Properties was established as a private leisure, residential, and commercial developer in Dubai and the Middle East. The Company has expanded quickly into Jordan, Qatar, Saudi Arabia, North Africa, and Lebanon.
More Info About DAMAC Properties
DAMAC Properties provides the best working environment for
talented employees, develops projects in prime locations, makes use of the
highest quality building materials, and chooses only the finest partners.
They emphasized that it is only by operating this way that
they can ensure a track record of delivery for customers to help realize its
goal of becoming the leading luxury developer in the Middle East.
They have highly experience management team of senior
managers and directors who have significant experiences in the real estate and
construction industry. So you are guaranteed that you will be receiving high
quality services from them.
Media Centre
DAMAC Properties’ Media Centre provides that latest news,
information and views about the Company’s projects and developments. Moreover,
it also provides review industry research and analysis from 3rd-party
companies on the real estate market in the Middle East.
DAMAC Properties’ Business Model
This is based on a phased strategy of Buy, Design, Sell, and
Build. It is supported by constant customer care and close control over the
development process to make sure every property is of the highest quality.
BUY Phase – During this phase, they will make an effort to
buy land in prime locations. When choosing land, the development team will
consider a lot of factors – these will include its location, proximity to
amenities, its potential investment appreciation opportunities, and the
infrastructure availability.
DESIGN Phase – This phase begins after they have secured
development rights and has contracted to buy land for a certain development.
Its main objective is to come up with a development design representing DAMAC
Properties’ luxury brand.
SELL Phase – During this phase, they will sell a certain proportion
of the units in the development to clients “off-plan”, in managed stages after
it has been launched to the public.
BUILD Phase – This is the final phase wherein construction
will be provided by external contractors in 2 phases – an initial contract for
enabling works and a subsequent contract for the main works.
Why Choose To Work With DAMAC
- They have a proven track record of delivery through all market cycles. They aim to maintain a progressive dividend policy.
- They have a high-quality, well-located pipeline of in-progress developments.
- The Company is led by a management team of senior managers and directors with relevant experience in the real estate construction industry. Know that the Board draw its skills and knowledge from local and international experience.
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