Overview

DAMAC Properties is a major luxury real estate developer based in Dubai, United Arab Emirates, founded by Hussain Sajwani in 2002 and operating continuously since then. It has established itself as one of the most recognizable private property developers in the region, known for large‑scale residential communities, branded residences, and landmark towers.

The company was listed on the Dubai Financial Market in 2015 and subsequently taken private in 2022, remaining majority‑owned by its founder.

Key Facts & Numbers 

• Founded: 2002 by Hussain Sajwani in Dubai, UAE

• Headquarters: Dubai, United Arab Emirates

• Homes Delivered: 48,000+ completed residential units as of 2025

• Units in Progress / Planning: 50,000+ units (across UAE & international markets)

• Total Project Footprint: 100+ million sqft of development area

• Global Presence: UAE, Saudi Arabia, Qatar, Jordan, Lebanon, UK, and others

• Brand Partnerships: Collaborations with global brands (Versace, Cavalli, Fendi Casa, Paramount, Trump)
  
  

First Residential Community – Ras Al Khaimah (RAK)

Shoreline by DAMAC – Ras Al Khaimah

DAMAC Properties has expanded into Ras Al Khaimah with its inaugural residential project located on Al Marjan Island, marking its first major development in the emirate.

Key Project Details

• Location: Island 4, Al Marjan Island, Ras Al Khaimah — prime beachfront destination with strong tourism and lifestyle growth.

• Project Type: Luxury beachfront residential community, combining designer living and resort‑style comfort.

• Building Height: 17‑storey beachside structure with premium residential units.

• Unit Mix: 1, 2, and 3‑bedroom apartments and duplexes designed for luxury living.

• Design Collaboration: International luxury art‑inspired partnership with BABOLEX by Vincent Faudemer — the second collaboration after Coral Reef in Dubai.

• Amenities: Direct beach access, landscaped gardens, fitness centre, running tracks, swimming pools, wellness areas, sunset bar & floating cabanas.
  
  

Sales & Market Performance — Ras Al Khaimah

Reliable public launch figures for Shoreline by DAMAC in RAK aren’t widely disclosed in press releases; however, the project has generated strong interest from investors and end‑users, reflecting DAMAC’s luxury market appeal and Ras Al Khaimah’s rising real estate demand. Ras Al Khaimah continues to be recognized for its exponential growth in expatriate living and investment appeal, supporting developer confidence.

Why DAMAC’s Entry into RAK Matters

✔ First major branded luxury developer entry into the RAK beachfront segment — expanding beyond Dubai into evolving investment markets.
✔ Signifies broader confidence in Ras Al Khaimah’s growth path for luxury residential and lifestyle communities.
✔ Branded residences by globally influential designers (BABOLEX) attract a lifestyle‑driven buyer audience that values design and exclusivity.

Market Position & Strength (UAE-Wide)

DAMAC Properties is widely recognized as a leading luxury real estate developer in the UAE and Middle East, with a diverse portfolio and global recognition:

• Delivery track record: 48,000+ homes completed across residential towers, master communities, and branded residences.

• Large pipeline: 50,000+ units under progress and planning, illustrating significant future supply.

• Global footprint: Developments in the UAE and international markets such as UK and Saudi Arabia.

• Brand collaborations: Partnerships with luxury international brands increase market appeal and attract premium buyers.

• Flexible payment structures: DAMAC is known for competitive payment plans that support wider investor accessibility.

Why Buyers & Investors Choose DAMAC

✔ Strong legacy of luxury delivery with tens of thousands of completed units.
✔ Wide and diversified portfolio spanning residential, hospitality, and branded residences.
✔ Design partnerships with global fashion & lifestyle brands add distinct market differentiation.
✔ Growth‑oriented pipeline with more than 50,000 units planned or in progress.
✔ Recognized market name with extensive visibility among investors and end users across GCC and international markets.

Investor & Market Recognition

DAMAC Properties continues to receive industry honors and recognition for its branded developments, luxury positioning, and project innovation. The company demonstrates resilience and brand strength by delivering across market cycles and expanding into new investment destinations such as Ras Al Khaimah.