Top 100 GCC Real Estate Developers: Damac Properties

Dubai-listed developer, which completed Ghalia and Tower 108 in 2019, is building megaprojects such as Aykon City

Hussain Sajwani, founder and chairman of Damac.
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Hussain Sajwani, founder and chairman of Damac.

Founded and chaired by Emirati businessman Hussain Sajwani, Dubai Financial Market-listed Damac Properties, which is currently developing Aykon City and Akoya, noted completion on its 727-unit Ghalia and 34-storey Tower 108 projects in May 2019.

The company posted a 90.5% decline in H1 2019 net profits, but is steadily continuing construction on its megaprojects in Dubai. 

Construction Week's Top 100 GCC Real Estate Developers 2019 list is a compilation of the region's most influential and successful property firms.

The list has been produced based on publicly available information, and is not a ranking.

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Sep 01, 2020