DAMAC Properties was established as a residential, leisure and commercial developer in Dubai and the Middle East. It has been at the forefront of the luxury real estate market in the region since 2002. The founder and chairman of luxury real estate developer Damac Properties is Hussain Sajwan. He has an estimated net worth of $4.1 billion and is the world’s richest Arab. In the past decade, the leading luxury developer real estate DAMAC Properties has expanded into Iraq, Jordan, Lebanon, Qatar, United Kingdom and Saudi Arabia, as well as delivered over 24,000 homes and more than 40,000 units at various stages of progress. Some of its notable projects include Park Towers, Executive Bay, Akoya by Damac and The Trump Estates.