- 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

Damac plans $816m mixed-use project along Al Zorah creek (Trade Arabia - 11/11/2026)

Leading UAE developer Damac Properties has entered into a land acquisition agreement with Al Zorah ...

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94% of employees adopted digital rewards platform in first year: DAMAC (Gulfnews - 16/10/2026)

DAMAC Properties said 94 per cent of its employees adopted its digital recognition and rewards platform ...

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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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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 25,140.56 12.88 -0.47 -7.19 4.64 1.79 0 1.47 5.88 13.37
ALDAR 18,469.99 8.61 -0.24 -3.47 6.8 2.72 3.91 0.94 7.33 11.3
EMAARDEV 15,961.81 14.68 -0.14 -2.91 3.76 6.32 0 0.77 12.3 31.37
MASAR 6,222.58 16.47 1.47 -28.19 27.53 0 0 0 0 0
ERES 5,922.65 0.81 -1.22 -29.31 164 0.06 4.63 1.51 3.44 5.62
DARALARKAN 5,238.32 18.67 2.58 7.06 16.59 1.11 0 1.08 1.02 1.47
JABALOMAR 5,019.04 16.28 2 -2.09 10.68 1.46 0 0.9 2.5 5.82
TECOM 4,736.28 3.39 -3.15 5.45 7.92 0 0 0 0 0
DUBAIRESI 4,458.64 1.26 -0.79 -2.33 5.42 0 0 0 0 0
MABANEE 4,348.02 950 0 1.51 22.63 0 1.32 0.19 6.43 13.18
MCDC 3,411.2 66 3.12 -26.77 24.87 1.62 0 0.57 3.52 3.74
BRES 2,415.86 2.26 -0.88 -14.29 7.76 0.05 7.53 1.17 4.53 7.2
KEC 1,726.18 20.99 9.95 56.73 -568.15 1.93 0 1.15 -0.14 -0.14
CENOMICENTERS 1,627.92 13.2 2.64 -31.72 5.23 0 0 0 0 0
ALAKARIA 1,338.16 13.31 -0.6 -2.33 6.4 0.55 0 1.07 1.26 2.55
DEYAAR 1,179.58 0.76 0 -27.88 4.86 0.82 0 1.25 2 2.61
NRE 1,099.48 171 3.01 120.45 -6.84 0 0 0.39 3.19 7.88
TAIBA 1,098.09 16.19 2.33 -19 24.49 0.66 0 0.62 5.24 6.13
EMAAREC 1,072.36 7.88 2.47 -35.92 -151.08 0.84 0 1.03 -0.9 -1.95
KRE 1,060.44 356 -0.29 -6.56 17.35 0 0 0.33 1.73 3.25
URC 1,017.83 216 -1.82 -1.35 105.41 0 8.39 0.17 0.7 2.18
RETAL 1,000.71 7.75 3.19 -37.42 17.03 0 0 0 0 0
ALTIJARIA 944.01 162 0.62 -16.67 15.99 0 5.92 0.18 3.5 6.32
ARDCO 943.87 15.35 1.38 -46.39 18.54 1.05 0 0.76 6.14 9.23
RAKPROP 832.93 1.03 0.98 -27.14 9.55 0.56 8.33 0.77 3.34 4.48
UDCD 761.7 0.78 -1.27 -15.96 7.32 0.02 8.5 0.74 3.33 5.58
SRE 687.96 345 -1.15 -15.9 17.76 0 5.86 0.08 5.24 10.86
UPP 665.54 0.58 0 -31.33 5.24 0.73 0 1.14 -40.05 -80.97
ALRAMZRE 615.04 52.4 -2.7 0 8.75 0 0 0 0 0
ALRAJHIREIT 582.45 7.92 -0.13 -3.29 14.83 0 0 0.16 0 0
ANAN 579.16 0.92 0 -77.28 20.35 0 0 0 0 0
TAM 516.39 391 -0.26 -0.25 5.1 0 3.82 0.05 1.54 5.28
ESHRAQ 438.56 0.61 1.66 27.66 16.48 0.67 0 0.7 -26.82 -27.33
ALMAJDIAH 392.55 4.99 1.62 -54.2 10.69 0 0 0 0 0
JADWAREITSAUDI 382.73 7.86 2.07 -28.17 0 0 0 0.31 0 0
BONYANREIT 372.44 8.55 -0.35 -7.44 13.48 0 0 0.33 0 0
AMCREIT 356.04 1.1 0.91 9 13.68 3.1 0 0 5.42 11.86
ALANDALUS 343.25 14.25 3.26 -27.29 163.51 0.94 0 0.99 10.22 12.88
SUMOU 328.33 26.28 6.65 -33.8 9.01 0 0 0 0 0
SEDCOCAPITALREIT 327.82 6.54 -0.61 -7.19 15.52 0 0 0.33 0 0
ARKAN 292.21 285 -0.35 -17.82 39.65 0 10.11 0.1 6.41 10.54
ARABREC 276.1 225 3.21 17.2 -138.86 0 0 0.46 -3.97 -11.07
AAYANRE 257.74 188 -0.53 31.25 17.79 0 10.49 0.26 2.33 3.66
INMAR 228.55 21.4 -0.19 1.85 9.59 0 0 0 0 0
MUNSHAAT 227.14 213 -0.94 -8.9 4.78 0 0 0.43 -4.43 -9.15
ALAHLIREIT1 221.69 6.1 0.82 -6.06 39.54 0 0 0.28 0 0
MANAZEL 219.39 0.31 0 3.33 -3 0 0 0 0 0
AREEC 205.22 286 -4.35 -5.68 10.12 0 3.47 0.09 1.87 2.09
ALKHABEERREIT 199.92 5.38 1.12 -8.28 20.02 0 0 0 0 0
ALINMAHOSPITALITYREI 192.46 7.06 -0.29 -13.13 14.75 0 0 0 0 0
RIYADREIT 183.03 4.06 1.5 -22.93 -51.02 0 0 0 0 0
INJAZZAT 164.44 146 0.68 -18.99 13.48 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
MSGA 157.53 5.32 0 0 0 0 0 0 0 0
MRDS 149.77 0.55 0 -9.84 10.52 0.04 0 0.96 0.81 1.24
BANAN 149.24 2.96 5.71 -33.81 13.13 0 0 0 0 0
REDSEA 148.82 19.73 6.82 -52.91 -15.08 1.26 0 1.02 0.37 0.57
DERAYAHREIT 146.4 5.13 0.39 -8.09 62.93 0 0 0.18 0 0
TALEEMREIT 135.92 10 0 -2.72 15.12 0 0 0.51 0 0
ALMAATHERREIT 133.62 8.28 1.34 -9.52 14.74 0 0 0.35 0 0
SOKOUK 133.54 71.2 0 -19.18 6.16 0 0 0.5 -3.86 -5.61
ALINMARETAILREIT 132.08 4.22 0.47 -5.41 -23.6 0 0 0 0 0
ADEER 131.92 98 -1.02 -18.18 4.79 0 0 0 0 0
KICO 128.04 4.48 0 -21.54 152.9 1.33 0 0.1 9.96 0
ALENMA 126.51 110 0 24.29 14.82 0 0 0.24 -9.1 -14.64
TIJARA 126.25 102 -1.93 8.9 18.73 0 5.27 0.19 0.82 1.39
SANAM 123.71 339 -0.88 56.88 14.42 0 0 0.22 -1.99 -2.01
MAZAYA 119.58 70.8 -1.53 -13.06 -113.89 0 6.69 0.3 4.42 9.5
KBT 119.11 64.5 1.09 -40.37 13.12 0 10 0.33 5.08 5.61
MULKIAREIT 111.17 4 -0.5 -15.72 -14.71 0 0 0.2 0 0
ARGAN 110.94 115 -0.87 -18.88 -3.72 0 6.23 0.09 3.39 6.35
BHMCAPITAL 108.88 1 0 21.05 8.67 0 0 0 0 0
MARAKEZ 105.16 229 -0.87 -60.78 36.13 0 0 0.22 0.06 0.08
ALISTITHMARREIT 102.06 6.33 0 -22.33 0 0 0 0 0 0
FIRSTAVENUE 98.88 1.78 -1.66 -59.93 13.09 0 0 0 0 0
THURAYA 97.58 208 2.46 3.05 189.42 0 0 0 -10.43 -17.77
MAZAYA.DFM 93.36 0.92 0 -5.15 0 0 0 -0.11 0 0
INOVEST.KW 90.9 92.7 1.42 -20.52 0 0 0 0.27 0 0
MASAKEN 82.27 260 1.96 360.29 -15.87 0 0 0 -6.27 -13.12
JADWAREITALHARAMAIN 78.1 4.47 0.67 -11.9 0 0 0 0 0 0
AQAR 72.54 98.6 0 -6.1 11.6 0 7.89 0.03 6.19 6.89
MUSHARAKAREIT 70.12 3.02 1 -29.65 -2.39 0 0 0.3 0 0
MASHAER 70 134 0.75 9.92 10.17 0 14.42 0.66 4.71 6.19
OSOS 67.36 187 -0.54 -12.15 20.59 0 6.08 0.17 -6.35 -10.1
HAMADBINSAEDAN 66.22 8.5 -3.41 16.71 20.13 0 0 0 0 0
HAWYIA 63.96 12 0 -3.85 11.93 0 0 0 0 0
ARAM 58.85 2.8 2.18 1.86 17.94 0 0 0 0 0
MENA 58.44 128 -1.54 5.69 -100.41 0 0 0.38 -2.38 -3.06
ALAZIZIAHREIT 57.05 3.73 -0.27 -11.16 -230.86 0 0 0 0 0
MEFICREIT 53.31 2.71 -0.74 -24.59 557.14 0 0 1.27 0 0
ASASMAKEEN 48.5 19.9 9.34 -42.52 3.58 0 0 0 0 0
SAHS 42.34 2.8 0 0 8.44 0.81 0 -0.07 9.47 12.41
ALWAHAREIT 42.19 7.91 -1.13 -21.18 11.5 0 0 0 0 0
ALAQARIA 35.18 57.9 1.57 -7.92 3.41 0 0 0.33 0.24 0.7
ALJAZIRAREIT 31.92 10.23 0.78 -21.44 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 -5.88 16.16 0.88 3.63 -0.07 6.17 6.38
SIHC 23.33 0.1 0 25 2.89 0.72 0 1.79 4.34 4.59
VIEW 19.35 2.06 -6.37 -25.17 18.18 0 0 0 0 0
AJWAN 0 0 0 0 0 0 0 0 -0.47 -0.51
EFFECT 0 0 0 0 0 0 0 0 -5.7 -5.9
ALSHAMEL 0 0 0 0 0 0 0 0 -3.73 -4.47
FLE 0 0 0 0 0 0 0 0 -4.14 -5.59
DIP 0 1.16 -1.7 0 0 0 0 0 0 0
LADUN 0 0 0 0 0 0 0 0 0 0