DAMAC Owner Continues Middle East Real Estate Growth

If you follow the real estate market in the Middle East, then DAMAC properties must be a known entity. It specializes in luxury residential and commercial properties in the region as well as the United Kingdom. Since its inception in 2002, they have been instrumental in terms of their delivery; they have completed over 20,000 homes which in itself is a remarkable achievement.

 

AYKON city is a perfect example of the lavish and majestic Dubai metropolis. The DAMAC group wants to have another tower in the area for which they have laid out the plan. They plan to incorporate residential units and multiple basements in addition to the sophisticated and modern entertainment facilities. The area that is being projected for the construction of the tower would be over a million square feet.

 

The group wants to add a new real estate partner having seen the potential and the pace with which the construction work is being done at the AYKON city area. They want to finalize the partnership before the end of the second quarter of 2018. According to their leadership team, this partnership would be similar to the one where they partnered with a Chinese real estate firm to construct the first tower. The DAMAC group is very passionate about the construction in the AYKON city, the place which overlooks the Dubai canal.

 

They have a very diversified leadership team with people having more than two decades of experience in their respective fields. Some are alumni from the distinguished universities in America, while some of them have spent enormous time understanding the financial markets. Mr. Hussain Sajwani heads the real estate giant and is also the founder and owner of DAMAC. He was an entrepreneur since almost the beginning of his corporate career and led some successful projects.

 

Since there was a flood of people flocking into Dubai, as the CEO of DAMAC, he saw a huge potential in the real estate market and is considered as one of the earliest visionaries in the development of real estate market in the region. As the owner of DAMAC, he was honored with many accolades which include the best property CEO award. He unique leadership skills have led DAMAC properties into becoming one of the fastest growing companies across the globe.

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