Damac owner Hussain Sajwani is no ordinary businessman. As a personal friend and business partner of Donald Trump and his family, he is far more. This billionaire Middle Eastern real estate professional has seen and done it all.
Damac’s Brand Chains
Paramount Hotels & Resorts
DAMAC Maison Royale Hotels & Resorts
DAMAC Maison Hotels & Resorts
DAMAC Maison de Ville Hotels & Resorts
AYKON Hotels & Resorts
Damac Hotels & Resorts currently funds and leads the hospitality elements of the main company’s portfolio, which extends to hotels, hotel apartments and even luxury- serviced villas under its many brand names. Damac Properties owns five hospitality developments in full operation since December 2016 with two more properties – Damac’s Maison Bay’s Edge and Damac’s Maison Royale – both set to open in late 2017. Damac Hills, a well-known luxury lifestyle golfer’s community development in Dubailand, is a 42 million sq. ft. development that comprises branded mansions, villas, luxury townhomes and even apartments – in addition to entertainment spots and retail facilities. This development was built around President Trump’s 18-hole International Golf Club Dubai and was named the Best Golf Development In the World at London’s International Property Awards in recent years; in 2016, the property received its highly-commended recognition as Top Golf Development for African and Arabian Property Awards – hosted in Dubai.
The smaller Damac Properties, established in 2002, is a valued part of the Damac Group – formed in 1992 by Sajwani. In January 2015, Damac Properties listed itself on the Dubai Financial Market or DFM its top market exchange. In December 2013, Damac had previously become the first Middle-Eastern real estate business to list itself on the London Stock Exchange – or LSE – through global depository receipts programs that raised $379 million in the forms of IPOs. Following multiple offers to exchange all outstanding Global Depository Receipts for ordinary shares, both as listed on the LSE and the DFM, DAMAC began to finally trade in Dubai in January of 2015. The GDR’s subsequently delisted on March 2015.
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