Top 10 Companies in Dubai 2016

Posted in Top Brand Lists, Total Reads: 355
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4. Damac Properties Dubai Co.

Damac Properties Dubai Co. is a Dubai based firm into property development with its operations majorly in the luxury real estate segment.


Image: fcprop

Damac Properties was founded in 2002 and has since been on its mission to provide unparalleled living experience. While starting off majorly in Dubai, United Arab Emirates (UAE), Damac Properties now has its projects in the GCC counties, the Middle East, and even in the United Kingdom.

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Ranging from high rise luxury apartments to mammoth golf course communities to operating and managing five star hotels and serviced apartments, Damac Properties has several credible and incredible projects to its name.

Listed on the Dubai Financial Market (DFM) on January 12 2015, Damac Properties is next only to EMAAR Properties and Emaar Malls Group in terms of Market Capitalization in the Real Estate and Construction Sector on the DFM. With a paid-up capital of over 6 billion Dirhams (AED), Damac Properties has delivered over 15800 units, and has another 44000 units in progress. The company also has the distinction of being the first real estate company from Dubai to be listed on the London Stock Exchange, when it did so on the 4th of November 2013. For its limited edition and world class luxury apartments, the company has partnerships with various global brands. For its exclusive limited edition villas in Akoya Oxygen, its flagship construction project, the company is partnering with Bugatti, and the interiors of its Aykon Nine Elms in London has been done by Versace Home. While it roped in Tiger Woods for designing the Trump World Golf Club at Akoya Oxygen, it also signed up with the fashion brand Fendi for projects in Saudi Arabia and Dubai.

PARAMETERS:

Market Capitalization [in AED 000's]: 14036000

Income (AED Million): 8,536.06

Total Profit (AED Million): 4,514.83