DAMAC Properties Sets Sights on APAC Expansion

Dubai-based DAMAC Properties is expanding its luxury real estate brand internationally. The company recently invested in new offices in Beijing, China and Singapore.

This move is part of Damac’s plan to grow its business across the Asia Pacific region. Known for branded residences around the world, Damac wants to offer Asian clients premium homes.

The new offices in Beijing and Singapore will help the company reach more wealthy buyers locally. Asia is home to many ultra-high net worth individuals seeking high-quality real estate investments.

DAMAC Properties feels Asia presents big opportunities. The region offers growing demand among rich Chinese and others for international properties. Singapore and China also have large wealthy expat populations from the Middle East.

From its beginnings in Dubai over 40 years ago, DAMAC has developed over 75 developments globally. It has a diverse portfolio spanning 12 cities on 5 continents. International brands like Versace and de Grisogono have partnered with DAMAC on exclusive residences.

Projects include the iconic Nine Elms in London and Canal Crown in Dubai. Opening offices in key Asia cities is a strategic move. It allows DAMAC to closely tap the Asian luxury housing market. Upcoming projects include Miami condos designed by famous architect Zaha Hadid. An upcoming resort with Mandarin Oriental will redefine luxury hospitality.

Leaders said the new Asian offices align with Damac’s global ambitions. They will help introduce the company’s renowned brand to Asian customers directly. Damac aims to bring more of its portfolio to buyers across the expanding Asia Pacific region.

The office openings demonstrate DAMAC’s long term commitment to growth in Asia. Luxury real estate continues expanding as more individuals possess the means for high-end homes internationally.