- DAMAC

Dubai Financial Market (United Arab Emirates)
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At a Glance

Activities

DAMAC Properties is a sharia compliant real estate property investment, development and management company. A subsidiary of DAMAC group, DAMAC properties is a public joint stock company with its head office located in Dubai. Established in 2002, the company has served more than 19,000 customers with luxurious real estate listings across the entire Middle East region in countries like UAE, Saudi Arabia, Qatar, Jordan, Lebanon and even in UK.The company has 44,000 residential units at various development stages and offers hospitality services in more than 13,000 units of hotel rooms.DAMAC Properties started trading on the Dubai Financial Market in 2015. The company's projects include hospitality and serviced hotel apartments, residential apartments, hotels, villas, offices, and retail spaces. DAMAC invests in multi-million square feet golf course communities and hotel suites with limited edition living experiences from leading lifestyle brands like Versace, Fendi, Just Cavalli and Bugatti. The Company also invests in real estate development companies. Some of the projects under development by DAMAC properties include Just Cavalli Villas, DAMAC Towers and AYKON City. In 2016, DAMAC shares received a sharia compliance certificate from Dar Al Sharia. DAMAC is the only developer in the Middle East with its own in-house mortgage department. The company recently launched DAMAC Hills and Trump International Golf Club in Dubai. DAMAC Hotels & Resorts oversees the hospitality side of the business at Paramount Hotels & Resorts, DAMA Maison Royale & Resorts, DAMAC Maison Hotels & Resorts, DAMAC Maison de Ville Hotels & Resorts and AYKON Hotels & Resorts.

Board of Directors:

  • Chairman:
    Farooq M. Arjomand
  • Vice-chairman:
    Ali M. Binjab
  • Managing Director:
    Ali Sajwani
  • Board Members:

    Sofyan Al-Khatib

    Yahya I. Nooruddeen

  • Auditors:

    Deloitte & Touche

Senior Management

CFO

Hitesh Dhoot

Managing Director

Amira Sajwani

Managing Director

Mohammed Tahaineh

Chief Human Capital Officer

M.P. John

News

DAMAC Properties launches DAMAC District at DAMAC Hills (Gulfnews - 11/09/2025)

DAMAC Properties, the Middle East's leading luxury real estate developer, has launched DAMAC District, ...

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Damac launches Chelsea Residences in Dubai Maritime City (Khaleej Times - 09/05/2025)

Damac Properties has officially revealed Chelsea Residences by Damac, the iconic residential development ...

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Damac issues enabling works tender for its Vera Residences (The Gulf Today - 20/03/2018)

Damac Properties has issued a new tender for enabling works on its Vera Residences, a luxurious 30-storey ...

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Recent Profit / Loss Announcements

Announced On Period As Of Net Profit (SAR Mil) Growth (%)
14/08/2018 6-Month 30/06/2018 862 -45.62
15/05/2018 3-Month 31/03/2018 484 -45.04
14/02/2018 12-Month 31/12/2016 2,760 -25.3
18/10/2017 9-Month 30/09/2017 2,305 -18.83
14/08/2017 6-Month 30/06/2017 1,585 -18.17
Contact Details

Related GCC Companies (Real Estate)

Market Cap
US$ Mil		 Last Price
Local Cry		 Price Change (%)
1 Day		 Price Change (%)
1 Year		 P/E TTM P/B MRQ Dividend Yield (%) Beta ROA (%) ROE (%)
EMAAR 28,063.89 14.25 -1.05 67.64 9.42 2.16 0 1.47 5.88 13.37
ALDAR 20,032.35 9.22 -1.5 26.49 13.15 3 3.91 0.94 7.33 11.3
MASAKEN 17,874.46 55.4 0 78.71 -5.4 0 0 0 -6.27 -13.12
MODON 16,241.31 3.62 -0.83 0 0 0 0 0 0 0
EMAARDEV 15,297.64 14.1 0.35 62.24 7.87 6.27 0 0.77 12.3 31.37
MASAR 8,868.03 23.14 0.04 0 0 0 0 0 0 0
ERES 8,811.75 1.22 0 64.42 200 0.09 4.63 1.51 3.44 5.62
JABALOMAR 5,513.68 17.77 -0.84 -26.19 18.36 1.85 0 0.9 2.5 5.82
DARALARKAN 5,065.63 17.26 -1.94 26.62 22.52 1.2 0 1.08 1.02 1.47
DUBAIRESI 4,812.5 1.35 -0.74 8.8 0 0 0 0 0 0
MABANEE 4,558.55 994 -0.21 18.43 16.87 0 1.32 0.19 6.43 13.18
TECOM 4,436.86 3.27 0.3 7.24 13 0 0 0 0 0
EMAAREC 3,757.29 12.5 0.48 -35.44 -15.56 1.52 0 1.03 -0.9 -1.95
MCDC 3,101 70.4 -0.29 -38.07 25.99 1.89 0 0.57 3.52 3.74
BRES 2,913.86 2.73 -0.73 -0.69 8.65 0.06 7.53 1.17 4.53 7.2
CENOMICENTERS 2,796.32 21.7 -1.77 1.7 7.64 0 0 0 0 0
ANAN 2,581.05 4.1 0 0.74 0 0 0 0 0 0
TAIBA 2,478 35.8 0.28 -20.58 25.2 1.72 0 0.62 5.24 6.13
ENMAALRAWABI 2,473.12 23.6 1.72 0 0 0 0 0 0 0
ALAKARIA 1,685.95 16.6 -1.61 -30.06 18.21 0.67 0 1.07 1.26 2.55
DEYAAR 1,604.23 1.02 0 46.34 9.42 1.12 0 1.25 2 2.61
RETAL 1,496.4 11.56 2.93 -17.18 24.32 0 0 0 0 0
ARDCO 1,472.5 30.22 -2.77 22.6 20.63 2.39 0 0.76 6.14 9.23
RAKPROP 1,216.73 1.48 -0.68 27.35 15.92 0.69 8.33 0.77 3.34 4.48
KRE 1,173.32 395 0 65.97 31.91 0 0 0.33 1.73 3.25
ALTIJARIA 1,125.78 192 0 33.33 23.63 0 5.92 0.18 3.5 6.32
KEC 1,106.78 12.33 0.73 -20.42 -168.6 1.5 0 1.15 -0.14 -0.14
UPP 992.47 0.84 -1.18 142.86 13.22 0.88 0 1.14 -40.05 -80.97
URC 952.67 228 2.24 364.58 59.99 0 8.39 0.17 0.7 2.18
SRE 752.18 405 1.5 -5.9 21.14 0 5.86 0.08 5.24 10.86
ALRAJHIREIT 601.55 8.16 -0.37 -0.97 0 0 0 0.16 0 0
TAM 538.78 408 -0.25 14.25 11.11 0 3.82 0.05 1.54 5.28
SUMOU 507.68 37.3 -2.1 -9.5 17.63 0 0 0 0 0
MARAKEZ 507.14 1,128 1.25 894.64 -25.12 0 0 0.22 0.06 0.08
JADWAREITSAUDI 506.99 10.42 2.15 -11.92 0 0 0 0.31 0 0
ALANDALUS 495.72 20 0.35 -16.61 -149.4 1.51 0 0.99 10.22 12.88
FIRSTAVENUE 441.43 8.08 0 0 0 0 0 0 0 0
AMCREIT 405.03 1.18 -4.84 3.33 11.62 2.98 0 0 5.42 11.86
BONYANREIT 395.01 9.07 -0.33 -6.86 13.36 0 0 0.33 0 0
ESHRAQ 387.4 0.52 -1.89 74.34 -1.87 0.53 0 0.7 -26.82 -27.33
ARABREC 366.46 298 -1.33 408.42 44.3 0 0 0.46 -3.97 -11.07
REDSEA 347.27 42.28 -1.91 -14.65 -23.84 3.36 0 1.02 0.37 0.57
SEDCOCAPITALREIT 342.77 6.89 0.14 -13.57 0 0 0 0.33 0 0
LADUN 326.46 2.34 -4.49 0 0 0 0 0 0 0
ASASMAKEEN 271.56 95 -6.78 7.49 0 0 0 0 0 0
DSI 267.16 0.34 0 -11.46 0.27 1.06 0 1.49 -26.22 -1,026.57
NRE 245.72 83 -0.6 9.44 22.82 0 0 0.39 3.19 7.88
MANAZEL 240.62 0.33 -2.95 1.19 0 0 0 0 0 0
ALAHLIREIT1 239.65 6.52 -0.31 -16.48 0 0 0 0.28 0 0
BANAN 236.12 4.41 -0.46 0 0 0 0 0 0 0
RIYADREIT 235.65 5.11 -0.78 -25.36 0 0 0 0 0 0
MUNSHAAT 226.09 213 -0.47 62.12 10.13 0 0 0.43 -4.43 -9.15
ALINMAHOSPITALITYREI 220.46 8.1 -0.13 -4.59 16.93 0 0 0 0 0
ALKHABEERREIT 215.7 5.7 -0.7 -4.33 0 0 0 0 0 0
KBT 207.22 107 -3.61 73.44 24.18 0 10 0.33 5.08 5.61
AREEC 199.04 295 1.72 10.27 1.01 0 3.47 0.09 1.87 2.09
ALRAMZ 179.62 1.2 0 -17.24 41.38 0.02 0 -0.1 4.91 12.37
MRDS 171.55 0.63 0 6.78 -9 0.04 0 0.96 0.81 1.24
DERAYAHREIT 160.16 5.54 -0.9 -14.66 0 0 0 0.18 0 0
INOVEST 157.61 0.52 0 1.96 -18.71 1.09 0 0.22 6.94 14.58
MAZAYA 157.25 70.2 -0.15 3.53 86.52 0 6.69 0.3 4.42 9.5
ARKAN 156.56 194 2.1 72.73 24.79 0 10.11 0.1 6.41 10.54
ALMAATHERREIT 147.2 8.99 -0.12 1.12 0 0 0 0.35 0 0
AAYANRE 145.92 130 21.49 35.61 14.57 0 10.49 0.26 2.33 3.66
SEEF 145.75 0.12 0 -4 9.84 0.39 5.83 0.26 7.26 8.37
ALINMARETAILREIT 138.37 4.42 0.45 -11.29 0 0 0 0 0 0
TALEEMREIT 133.6 9.8 -0.31 -12.54 0 0 0 0.51 0 0
ALISTITHMARREIT 130.6 8.01 -1.12 -9.5 0 0 0 0 0 0
MULKIAREIT 126.38 4.6 0.65 -16.76 0 0 0 0.2 0 0
ERESCO 120.47 82.7 1.47 38.14 0.12 0 0 0.24 -9.1 -14.64
MUSHARAKAREIT 99.44 4.22 -0.48 -15.03 0 0 0 0.3 0 0
JADWAREITALHARAMAIN 91.11 5.19 0.19 -14.8 0 0 0 0 0 0
INOVEST.KW 86.86 94 0.32 -49.62 0 0 0 0.27 0 0
THURAYA 85.08 177 0 78.61 11.28 0 0 0 -10.43 -17.77
ARGAN 81.75 102 4.4 30.44 -4.98 0 6.23 0.09 3.39 6.35
MANAZELHOLD 76.83 54.5 0.18 47.83 -272.27 0 0 0.56 1.95 7.46
MEFICREIT 70.11 3.59 0 -17.47 0 0 0 1.27 0 0
AQAR 67.7 92.9 1.3 60.6 27.33 0 7.89 0.03 6.19 6.89
HAWYIA 66.63 12.5 0 0 0 0 0 0 0 0
SANAM 64.22 194 3.74 -12.21 19.01 0 0 0.22 -1.99 -2.01
SICOSAUDIREIT 61.02 4.01 0.25 -4.53 0 0 0 0 0 0
BHMCAPITAL 58.07 1.19 -3.26 0 5.71 0 0 0 0 0
VIEW 54.53 6.22 0.32 0 0 0 0 0 0 0
MENA 54.4 121 0 -20.92 0 0 0 0.38 -2.38 -3.06
ARAM 52.62 2.65 8.16 -10.91 30.47 0 0 0 0 0
SAHS 42.34 2.8 0 0 7.6 0.81 0 -0.07 9.47 12.41
ALJAZIRAREIT 40.94 13 -0.16 -22.5 0 0 0 0.75 0 0
ALAQARIA 34.2 55.2 -0.37 77 -5.23 0 0 0.33 0.24 0.7
EBRIT 31.37 0.06 0 0 0 0 0 0 0 0
DALQANRE 30.53 188 1.07 30.07 15.97 0 0 0 2.49 2.53
CPARK 27.85 0.15 0 41.51 14.56 0.82 3.63 -0.07 6.17 6.38
SIHC 21 0.09 0 23.29 11.84 0.58 0 1.79 4.34 4.59
INJAZZAT 20.07 178 0.56 73.53 2.99 0 6.43 0.13 3.58 6.26
TIJARA 9.46 77.9 0 33.16 1.48 0 5.27 0.19 0.82 1.39
FLE 0 0 0 0 0 0 0 0 -4.14 -5.59
AJWAN 0 0 0 0 0 0 0 0 -0.47 -0.51
EFFECT 0 0 0 0 0 0 0 0 -5.7 -5.9
ALMAJDIAH 0 13.83 0 0 0 0 0 0 0 0
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