The organization was set up on 28 January 2002, and is a piece of the DAMAC Group, shaped in 1992, by Hussain Sajwani, the proprietor and executive. In December 2013, DAMAC was the primary land organization from the Middle East to list on the London Stock Exchange (LSE) through a worldwide vault receipts program, which brought US$379 million up in the type of an IPO. Following an idea to trade its exceptional Global Depository Receipts (recorded on the LSE) for Ordinary Shares (recorded on the DFM), DAMAC started exchanging Dubai on 12 January 2015. The GDRs were consequently de-recorded in March 2015.
The organization has discharged two ace improvements in Dubai, totaling about 100 million square feet between them. DAMAC Hills (once in the past AKOYA by DAMAC) offers a blend of level and vertical network living set around the title standard Trump International Golf Club Dubai and almost 4,000,000 square feet of private parkland. Trump International Golf Club Dubai was opened in February 2017 by visitors of respect Donald Trump Jr and Eric Trump. The subsequent improvement, AKOYA (some time ago AKOYA Oxygen) flaunts a different universe class fairway by Tiger Woods Design, the Trump World Golf Club Dubai.
In January 2017, DAMAC Properties had granted in excess of 370 agreements worth AED 3.5 billion. The agreements included development, provider and consultancy benefits over its arrangement of advancements. The organization alloted over $1.5 billion to its leader venture Akoya in June 2018.