Damac Properties, the largest property developer in the Middle East, owned by billionaire chairman Hussain Sajwani (photo), is looking at Romanian real estate market and the local companies listed on stocks exchange.
„For them, Romania is an interesting market. I do not know what form of cooperation they seek, if they want to enter into ownership or to make a partnership, but the chairman of Damac comes in Romania on January 9,” said Lucian Mateescu, general manager of Impact for economica.net. Mateescu hinted that the Arab developer is looking to invest in big projects, priced over EUR 500,000 for an apartment.
Damac Properties works with a number of globally-recognised brands to bring to life a new and exciting living experience. Current brand partners include Versace, Paramount Hotels & Resorts and The Trump Organisation.
The company has launched a variety of hotels and luxury serviced living concepts in Dubai, Saudi Arabia and the wider Middle East in recent years, as well as enhancing its private residential apartments and launching two master developments, AKOYA by Damac and AKOYA Oxygen which will both house a stunning golf course, managed by the Trump Organisation.
Also, Damac Properties recently announced that it has appointed golfing icon Tiger Woods to design the Trump World Golf Club, Dubai, which will run through the heart of its 55 million sq ft AKOYA Oxygen project in Dubailand.
Established in 2002, Damac Properties has delivered almost 12,000 units to date and currently has a development portfolio of over 39,000 units at various stages of progress and planning as of September 30th 2014, which includes over 10,000 hotel rooms and serviced hotel apartments.