Dubai master developer DAMAC Properties tops the Forbes rating

21.11.2017

DAMAC Properties, the leading luxury real estate developer in the region, ranked first in the list of world’s fastest growing companies Forbes Global 2000. Read more to find out what projects helped DAMAC to climb this high, and what exceptional offers by Damac lure more and more buyers to its developments.

The Forbes Global 2000 list is the rating of the world’s fastest growing companies based on four basic indicators: sales, profit, assets and market value. It takes into account the the company’s cumulative annual revenue growth between 2013 and 2016. And this year the first place in this prestigious rating went to one of the Dubai’s largest master developers, DAMAC Properties.

Hussain Sajwani, Chairman of DAMAC Properties, commented on the matter: “Topping the Forbes Global 2000 Growth Champions list puts the UAE and Dubai firmly on the global map for competitiveness. This ranking is a testament to the visionary leaders of the UAE, and the government’s support in nurturing entrepreneurship and commercial success, particularly in the real estate sector. This achievement also recognizes DAMAC’s clear vision for growth, its innovative offerings, its solid financial planning and performance.”

When compiling a list of world’s leading companies, Forbes takes into account the growth rates for all companies included in the Global 2000 index and picks out the top 250 based on their cumulative annual revenue growth over the last three years.

DAMAC’s high sales figures are due to the high demand for the company's projects, including such popular development as AYKON City, DAMAC Hills and AKOYA Oxygen. DAMAC real estate sales reached AED 4 billion in H1 2017, which is 11% higher compared to the same period last year. Founded in 2002, DAMAC Propeties company now has projects through the entire Middle East, including the UAE, Saudi Arabia, Qatar, Jordan, and Lebanon. As of September 30, 2017, DAMAC delivered 19,855 real estate units, while 44,000 units more are currently on different stages of completion.

DAMAC launched and developed iconic real estate projects, which have changed the entire face of real estate industry in the UAE. Unprecedented promotions for customers, with luxurious sport cars, kilos of gold and other extravagant and lucrative gifts to home buyers made DAMAC mega-popular with investors and real estate buyers. And payment plans worked out by DAMAC experts for off-plan housing schemes firmed its reputation of a reliable and versatile seller. Off-plan properties, being the most sought-after real estate category currently in Dubai, is most widely represented by Damac. Villas and affordable townhouses, branded apartments, units developed in cooperation with leading fashion houses in interior decoration — this is just a short list of what DAMAC has to offer.

IMEX Real Estate works in close partnership with DAMAC properties in the Dubai real estate market. You can ask us about any kinds of homes developed by DAMAC and we’ll lead you up to the purchase transaction. To get more information, please kindly contact Oleg LAVRIK (BRN 5201) on:

+971 0502528188 (Viber, WhatsApp, Telegram, IMO)

IMEX REAL ESTATE BROKER LLC UAE

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

Tel. +971 4 395 1911

Email: oleg@imexre.com

Skype: resident69

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