Property Developer · Dubai, UAE

DAMAC Properties Dubai Co. PJSC

★★★☆☆ · DAMAC Hills, DAMAC Hills 2, Business Bay, Dubai Marina

needs confirmation Reported instances (via investigative journalism) of DAMAC agents advising on avoiding money-origin scrutiny A DAMAC board member's company reportedly paid an FBI informant $600,000 re: unsubstantiated bribery allegations against a US president (reputational, not a proven finding against DAMAC itself) Went private/delisted from DFM in 2022 Official site blocked automated fetch (403) on several key pages

Verified facts (5 sources cited, see research file)

Website	https://www.damacproperties.com
Company type	property developer
Founded	2002
Ownership	Founder-led (Hussain Sajwani); DFM-listed 2015-2022, taken private again in 2022 (Sajwani retained ~72%, bought out remaining public shareholders for ~AED 2.19bn); delisted 2022.
License status	Formerly DFM-listed, now private/delisted (2022); no specific RERA/DLD license number independently verified.
Areas served	DAMAC Hills, DAMAC Hills 2, Business Bay, Dubai Marina
Property segments	luxury residential, branded/off-plan residences, golf-course communities, hospitality
International buyer focus	Yes
Off-plan capability	Yes
Phone	not verified
Email	not verified
Address	Dubai, UAE (specific address not confirmed; official pages blocked)

Featured projects

DAMAC Hills, Dubai (golf community, opened 2017)
DAMAC Hills 2 / Akoya Oxygen (large multi-phase build-out)
DAMAC Heights, Dubai Marina (335m tower, completed 2018)
DAMAC Islands (launched 2024, ongoing)

Broker / agent readiness

Referral path type: broker registration available · Compatibility: VERIFIED

Explicit, structured, currently-live external agent/agency registration portal found requiring standard brokerage credentials — real evidence of external-broker acceptance.

Broker registration: Live external agent registration flow found at agents.damacproperties.com (multi-step, requires Trade License/VAT/bank details for 'commission eligibility'); main portal pages blocked direct fetch (403) so full terms unread firsthand.
Commission information: Registration ties bank details to 'commission eligibility'; no rate published.

Reliability assessment needs_confirmation

Real, major, multi-source-confirmed developer, but went private/delisted in 2022 (reduced disclosure) and secondary/investigative reporting raises reputational concerns.

Verification status

Research wave 5 · Status: researched

Full sourced write-up: partners/wave5-dubai-developers-agencies.md

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A developer is not a referral partner in the same sense as an agency — this profile documents broker/agent-registration readiness, not a signed relationship. See the methodology page.