- 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

Chief Financial Officer (CFO)

Hitesh Dhoot

Managing Director

Amira Sajwani

Managing Director

Mohammed Tahaineh

Chief Human Capital Officer

M.P. John

Board Secretary

Ahmed Fiala

News

Dubai developer Damac crosses 50,000 home handovers, targets 8,800 more in 2026 (Khaleej Times - 02/09/2026)

Damac Properties has handed over more than 50,000 homes and is targeting the delivery of over 8,800 ...

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DAMAC opens final tower at Chelsea Residences (Khaleej Times - 17/07/2026)

DAMAC Properties has launched the sixth and final tower of Chelsea Residences by DAMAC in Dubai Maritime ...

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DAMAC records Dh3.12 billion in March sales as Q1 property activity surges (Gulfnews - 07/04/2026)

Dubai's property market closed March with a clear leader, with DAMAC Properties topping sales activity ...

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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 22,022.35 11.4 0.88 -16.3 4.06 1.79 0 1.47 5.88 13.37
ALDAR 17,250.08 8.03 -0.38 -15.6 6.61 2.57 3.91 0.94 7.33 11.3
EMAARDEV 13,936.64 13.02 1.71 -8.57 3.28 6.32 0 0.77 12.3 31.37
MASAR 6,260.92 16.1 -0.31 -32.63 27.7 0 0 0 0 0
ERES 5,633.74 0.76 -1.3 -34.45 156 0.07 4.63 1.51 3.44 5.62
DARALARKAN 5,330.43 18.89 -0.9 0.82 16.88 1.11 0 1.08 1.02 1.47
JABALOMAR 5,220.3 16.26 -1.04 -8.29 11.11 1.6 0 0.9 2.5 5.82
DUBAIRESI 4,564.79 1.29 0 4.03 5.55 0 0 0 0 0
TECOM 4,423.25 3.23 -0.62 -0.31 7.55 0 0 0 0 0
MABANEE 4,384.63 936 -2.3 4.04 22.82 0 1.32 0.19 6.43 13.18
MCDC 3,968.19 75.1 -2.47 -14.43 28.94 1.62 0 0.57 3.52 3.74
BRES 2,193.34 2.11 0.47 -22.47 7.04 0.05 7.53 1.17 4.53 7.2
KEC 2,011.92 21.79 -3.59 81.63 -662.2 1.93 0 1.15 -0.14 -0.14
CENOMICENTERS 1,754.5 13.61 -0.3 -31.95 5.64 0 0 0 0 0
ALAKARIA 1,427.11 13.9 -2.73 -7.15 6.83 0.55 0 1.07 1.26 2.55
EMAAREC 1,267.59 9.05 -1.74 -30.29 -178.59 1.08 0 1.03 -0.9 -1.95
TAIBA 1,262.6 17.86 -0.28 -16.84 28.16 0.74 0 0.62 5.24 6.13
DEYAAR 1,148.12 0.73 0 -28.43 4.9 0.88 0 1.25 2 2.61
RETAL 1,116.64 7.96 -4.33 -28.13 19 0 0 0 0 0
KRE 1,099.06 360 -2.71 2.67 17.98 0 0 0.33 1.73 3.25
URC 1,091.85 233 -1.28 -2.88 113.08 0 8.39 0.17 0.7 2.18
ALTIJARIA 1,049.55 178 -0.56 -9.18 17.77 0 5.92 0.18 3.5 6.32
ARDCO 1,015.56 16.29 -1.16 -44.4 12.82 1.16 0 0.76 6.14 9.23
NRE 920.65 131 -5.76 60.51 -5.73 0 0 0.39 3.19 7.88
RAKPROP 816.6 1 0 -33.33 9.36 0.56 8.33 0.77 3.34 4.48
SRE 729.36 367 -0.82 -7.73 18.82 0 5.86 0.08 5.24 10.86
UDCD 703.85 0.72 -1.37 -24.74 6.77 0.03 8.5 0.74 3.33 5.58
UPP 688.89 0.6 1.69 -28.92 5.43 0.8 0 1.14 -40.05 -80.97
ANAN 654.71 1.02 -1.93 -74.32 23.01 0 0 0 0 0
ALRAMZRE 583.06 52.55 -0.67 0 8.29 0 0 0 0 0
ALRAJHIREIT 572.17 7.72 -0.65 -6.14 14.57 0 0 0.16 0 0
TAM 507.17 393 2.07 -3.75 5.01 0 3.82 0.05 1.54 5.28
ALMAJDIAH 461.31 5.59 -2.45 -50.98 12.57 0 0 0 0 0
ESHRAQ 460.49 0.63 0 26 17.31 0.67 0 0.7 -26.82 -27.33
JADWAREITSAUDI 413.05 8.05 -2.31 -26.91 0 0 0 0.31 0 0
BONYANREIT 395.01 8.99 -1 -1.62 14.29 0 0 0.33 0 0
AMCREIT 342.97 1.05 0 5 13.17 3.1 0 0 5.42 11.86
ALANDALUS 342.01 13.02 -3.35 -30.2 162.91 1.04 0 0.99 10.22 12.88
SEDCOCAPITALREIT 331.31 6.72 1.66 -7.89 15.69 0 0 0.33 0 0
SUMOU 310.07 22.24 -3.39 -41.65 8.14 0 0 0 0 0
ARKAN 302.43 290 -2.03 43.69 41.04 0 10.11 0.1 6.41 10.54
ARABREC 269.76 208 -2.35 -29 -135.68 0 0 0.46 -3.97 -11.07
MANAZEL 254.78 0.36 0 12.5 0 0 0 0 0 0
AAYANRE 238.65 175 0 31.58 16.47 0 10.49 0.26 2.33 3.66
MUNSHAAT 234.54 219 -1.36 0.45 4.93 0 0 0.43 -4.43 -9.15
ALAHLIREIT1 226.09 6.1 -1.78 -5.95 40.33 0 0 0.28 0 0
INMAR 225.99 21.18 2.81 -6.61 9.48 0 0 0 0 0
AREEC 214.14 312 0 -0.64 10.4 0 3.47 0.09 1.87 2.09
ALKHABEERREIT 206.68 5.44 -1.63 -4.84 20.7 0 0 0 0 0
RIYADREIT 197.21 4.23 -0.48 -19.59 -54.97 0 0 0 0 0
ALINMAHOSPITALITYREI 188.93 6.84 -1.59 -14.93 14.48 0 0 0 0 0
MSGA 171.74 5.9 0 0 0 0 0 0 0 0
REDSEA 161.39 19.14 -4.3 -53.57 -16.35 1.66 0 1.02 0.37 0.57
BANAN 160.97 2.91 -3.33 -35.74 14.16 0 0 0 0 0
INJAZZAT 159.9 138 -2.13 -14.02 16.2 0 6.43 0.13 3.58 6.26
SEEF 157.9 0.13 0 8.33 12.15 0.39 5.83 0.26 7.26 8.37
DERAYAHREIT 150.42 5.21 0.57 -7.57 64.66 0 0 0.18 0 0
SOKOUK 145.36 76.6 -1.17 -13.41 6.71 0 0 0.5 -3.86 -5.61
FIRSTAVENUE 144.23 2.5 -3.85 -52.77 19.09 0 0 0 0 0
MRDS 141.6 0.52 0 -17.46 9.94 0.04 0 0.96 0.81 1.24
ALINMARETAILREIT 140.57 4.42 -1.34 -2.83 -25.11 0 0 0 0 0
TALEEMREIT 137.27 10.04 -0.5 0.4 15.27 0 0 0.51 0 0
TIJARA 135.96 108 -3.58 6.67 20.01 0 5.27 0.19 0.82 1.39
ADEER 130.72 99.95 -2.49 -21.52 4.75 0 0 0 0 0
KBT 130.5 66.5 -4.87 -38.68 14.37 0 10 0.33 5.08 5.61
MAZAYA 129.06 76.1 -1.94 -17.36 -122.92 0 6.69 0.3 4.42 9.5
KICO 128.61 4.5 0 -22.41 153.58 1.43 0 0.1 9.96 0
SANAM 128.05 342 -3.39 70.19 14.92 0 0 0.22 -1.99 -2.01
ALENMA 126.51 109 -0.91 14.46 12.35 0 0 0.24 -9.1 -14.64
ALMAATHERREIT 126.42 7.42 -1.99 -13.82 13.94 0 0 0.35 0 0
MULKIAREIT 119.74 4.2 -1.64 -10.54 -15.84 0 0 0.2 0 0
ARGAN 118.6 123 -0.81 -24.39 -3.6 0 6.23 0.09 3.39 6.35
MARAKEZ 114.26 252 0.39 -62.03 39.26 0 0 0.22 0.06 0.08
BHMCAPITAL 108.88 1 0 4.54 8.67 0 0 0 0 0
THURAYA 106.71 219 -1.36 6.73 207.15 0 0 0 -10.43 -17.77
ALISTITHMARREIT 106.25 6.58 -0.16 -17.63 0 0 0 0 0 0
INOVEST.KW 96.17 93.7 -3.11 -25.62 0 0 0 0.27 0 0
MAZAYA.DFM 92.34 0.91 0 -14.15 0 0 0 -0.11 0 0
JADWAREITALHARAMAIN 81.79 4.61 -0.87 -9 0 0 0 0 0 0
AQAR 76.51 101 -2.89 -2.8 12.24 0 7.89 0.03 6.19 6.89
MUSHARAKAREIT 76.22 3.22 -0.93 -25.97 -2.6 0 0 0.3 0 0
MASHAER 70.52 131 -2.24 9.84 10.25 0 14.42 0.66 4.71 6.19
HAWYIA 69.29 13 0 7.44 12.92 0 0 0 0 0
OSOS 65.92 180 -2.18 -2.13 20.15 0 6.08 0.17 -6.35 -10.1
HAMADBINSAEDAN 65.84 9.35 0 -7.11 20.01 0 0 0 0 0
ALAZIZIAHREIT 62.7 3.98 -2.22 -1.91 -253.7 0 0 0 0 0
MEFICREIT 60.15 3.07 0.65 -18.52 628.57 0 0 1.27 0 0
MENA 58.89 131 0 6.5 -96.1 0 0 0.38 -2.38 -3.06
ARAM 57.77 2.69 0 -4.95 17.62 0 0 0 0 0
ASASMAKEEN 49.14 18.99 7.34 -42.07 3.63 0 0 0 0 0
ALWAHAREIT 43.2 8.39 0 -12.78 11.77 0 0 0 0 0
SAHS 42.34 2.8 0 0 8.44 0.81 0 -0.07 9.47 12.41
ALAQARIA 37.71 58.8 -3.77 -6 3.65 0 0 0.33 0.24 0.7
ALJAZIRAREIT 33.27 10.45 -1.23 -22.66 0 0 0 0.75 0 0
EBRIT 31.37 0.06 0 0 19.35 0 0 0 0 0
CPARK 29.71 0.16 0 0 16.16 0.88 3.63 -0.07 6.17 6.38
SIHC 23.33 0.11 10 11.11 2.84 0.72 0 1.79 4.34 4.59
DALQANRE 22.58 104 0 -45.83 10.09 0 0 0 2.49 2.53
VIEW 19.26 2.19 0 -28.55 18.1 0 0 0 0 0
MASAKEN 17.87 55.4 0 0 -1.76 0 0 0 -6.27 -13.12
ALSHAMEL 0 0 0 0 0 0 0 0 -3.73 -4.47
AJWAN 0 0 0 0 0 0 0 0 -0.47 -0.51
FLE 0 0 0 0 0 0 0 0 -4.14 -5.59
EFFECT 0 0 0 0 0 0 0 0 -5.7 -5.9
LADUN 0 0 0 0 0 0 0 0 0 0