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Damac Properties
3.4
based on 91 Reviews
Company Overview
Company Locations
Working at Damac Properties
Company Summary
Damac Properties is a key player in the luxury real estate sector, delivering high-quality residential and commercial properties in the Middle East.
Overall Rating
3.4/5
based on 91 reviews
13% below
industry average
Critically rated for
Promotions, Job security, Work satisfaction
Work Policy
Monday to Friday
46% employees reported
Strict timing
70% employees reported
No travel
45% employees reported
Day shift
100% employees reported
View detailed work policy
Top Employees Benefits
Cafeteria
6 employees reported
Health insurance
6 employees reported
Office gym
4 employees reported
Job/Soft skill training
3 employees reported
View all benefits
About Damac Properties
Founded in2002 (23 yrs old)
India Employee Count--
Global Employee Count1k-5k
HeadquartersDubai, UnitedArabEmirates
Office Locations
--
Websitedamacproperties.com
Primary Industry
Other Industries
--
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DAMAC Properties has been shaping the Middle East’s luxury real estate market since 2002, delivering iconic residential, commercial and leisure properties across the region and beyond.
DAMAC adds vibrancy to the cities in which its projects are located, with a huge and diverse portfolio that includes two world-class master-planned golf developments. To date, DAMAC has delivered 27,400+ quality homes, with 35,000 more under way.
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Damac Properties Ratings
based on 91 reviews
Overall Rating
3.4/5
How AmbitionBox ratings work?
5
31
4
16
3
11
2
6
1
27
Category Ratings
3.5
Work-life balance
3.4
Salary
3.2
Skill development
3.0
Company culture
3.0
Work satisfaction
2.8
Job security
2.8
Promotions
Damac Properties is rated 3.4 out of 5 stars on AmbitionBox, based on 91 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
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Damac Properties Reviews
Top mentions in Damac Properties Reviews
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Compare Damac Properties with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.4/5 based on 91 reviews | 3.7/5 based on 1.2k reviews | 3.9/5 based on 1.8k reviews | 4.3/5 based on 426 reviews |
Highly Rated for | No highly rated category | Salary Job security | Job security | Work-life balance Job security Company culture |
Critically Rated for | Job security Promotions Company culture | Promotions Work satisfaction | Promotions | No critically rated category |
Primary Work Policy | - | Work from office 76% employees reported | Work from office 89% employees reported | Work from office 86% employees reported |
Rating by Women Employees | 3.9 Good rated by 11 women | 3.4 Average rated by 227 women | 3.9 Good rated by 164 women | 4.1 Good rated by 56 women |
Rating by Men Employees | 3.5 Good rated by 68 men | 3.8 Good rated by 915 men | 3.9 Good rated by 1.6k men | 4.4 Good rated by 332 men |
Job security | 2.8 Poor | 3.8 Good | 4.0 Good | 4.3 Good |
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Damac Properties Salaries
Damac Properties salaries have received with an average score of 3.4 out of 5 by 91 employees.
Relationship Manager
(14 salaries)
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₹18 L/yr - ₹21 L/yr
Sales Manager
(6 salaries)
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₹20 L/yr - ₹49 L/yr
Facility Engineer
(6 salaries)
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₹5 L/yr - ₹12 L/yr
Finance Manager
(5 salaries)
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₹26 L/yr - ₹55 L/yr
International Business Development Manager
(5 salaries)
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₹15 L/yr - ₹42 L/yr
IT Engineer
(5 salaries)
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₹12 L/yr - ₹17 L/yr
Business Development Manager
(5 salaries)
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₹18 L/yr - ₹34 L/yr
Lead Analyst
(4 salaries)
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₹30 L/yr - ₹93 L/yr
Sales Director
(4 salaries)
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₹13.5 L/yr - ₹17.2 L/yr
Executive Assistant
(4 salaries)
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₹8 L/yr - ₹20 L/yr
Damac Properties News
View all
Dubai crypto regulator grants VASP license to RWA-friendly L1 blockchain
- Mantra, a RWA-focused layer-1 blockchain, is the first DeFi platform to receive a license from Dubai’s virtual asset regulator, VARA.
- Dubai's flourishing blockchain market is supported by permissive regulations and an advanced licensing system.
- VARA oversees all virtual asset activities in Dubai, including exchange, payments, custody, and advisory services.
- Mantra obtained a VASP license to provide exchange, broker-dealer, and management and investment services for virtual assets.
- VARA aims to establish a regulatory framework for virtual assets, positioning Dubai as a global leader in responsible innovation.
- Mantra's CEO views the license acquisition as a crucial step towards global expansion.
- The UAE is striving to become a global blockchain hub and is attracting startups and established companies to the region.
- Mantra has secured partnerships in the UAE, including agreements with Damac Group and Libre Capital for token-based financing.
- Mantra plans to diversify its DeFi services in Dubai with unique products and enhance its financial ecosystem.
- The VASP license marks a new phase for Mantra, focusing on integrating tokenized assets into its services and developing partnerships in the region.
Cryptonews | 5 Mar, 2025
The $1 billion blueprint for tokenized real estate: RWAs shaping Dubai
- Dubai is at the forefront of the digital transformation in the real estate industry.
- Damac Properties and Mantra plan to tokenize real-world assets (RWAs) with a $1 billion investment.
- Tokenized real estate assets offer stability and real-world utility, distinct from crypto volatility.
- Real estate is considered the best asset for tokenization due to its value and yield potential.
Coin Telegraph | 1 Mar, 2025
The $1 billion blueprint for tokenized real estate: RWAs shaping Dubai
- Dubai is at the forefront of the digital transformation in the real estate industry.
- Damac Properties and Mantra plan to tokenize real-world assets (RWAs) in a $1 billion initiative.
- Tokenized real estate assets offer stability and real-world utility to investors.
- By enabling fractional ownership, tokenization lowers the barrier to entry for investors in real estate.
Cryptonews | 28 Feb, 2025
DeFi platform MANTRA Finance obtains VASP license in the UAE
- DeFi platform MANTRA Finance has obtained a VASP license from Dubai's Virtual Assets Regulatory Authority (VARA) in the United Arab Emirates (UAE).
- This license enables MANTRA to operate as a regulated trading platform in the UAE and offer its DeFi products to institutional clients and qualified investors.
- The OM token, native to MANTRA Finance, saw a 3% jump in price following the license announcement.
- MANTRA plans to deepen its presence in the Middle East by tokenizing real-world assets through a partnership with Dubai-based DAMAC Group.
Coinjournal | 19 Feb, 2025
BlockDAG’s TG Tap Miner Breaks Records With 100K Users Onboard; More on AIOZ & MANTRA Price Predictions
- BlockDAG's TG Tap Miner has achieved a record-breaking 100,000 users onboard.
- AIOZ Network shows minimal change with a 0.014% increase, facing challenges in a competitive market.
- MANTRA (OM) sees success with a surge of 27.83% and a $1 billion partnership with DAMAC for real-world asset tokenization.
- BlockDAG's strong presence and significant achievement overshadow the performance of AIOZ Network and MANTRA (OM).
TechBullion | 5 Feb, 2025
BlockDAG Excels with 100K TG Tap Miner Users & Rapid Growth in Presale – Latest on AIOZ & MANTRA
- BlockDAG (BDAG) is experiencing rapid growth, raising over $191.5 million and attracting 100,000+ users with its TG Tap Miner.
- AIOZ Network (AIOZ) faces price instability and struggles to generate excitement compared to BlockDAG's rapid rise.
- MANTRA (OM) crypto has seen progress with a 27.83% weekly gain and a $1 billion partnership with DAMAC.
- BlockDAG's unique approach, community engagement, and successful presale make it a transformative force in the crypto market.
TechBullion | 4 Feb, 2025
Mantra’s Meteoric Rise: A Game-Changer for Asset Tokenization
- Mantra Chain's native token, $OM, surged by around 30% in the past 24 hours, surpassing a market cap of $5.5 billion, following successfully tokenizing $1 billion worth of real estate assets from DAMAC Properties, enabling international investors to access tokenized real estate.
- This strategic move sets the stage for new investments in real estate, using blockchain to create tokenized assets, making high-value hard-to-reach markets available to a global market. Asset tokenization is a rapidly emerging trend in the $16 trillion real world asset (RWA) market.
- Mantra Chain is aiming to lead in asset tokenization, specifically in Real-World Assets; the focus is to bring more Real-World Asset types on-chain, create more transparency, security, and better management of these types of assets.
- The $OM token has overtaken the $TRUMP token and claimed the third spot in CoinGecko's trending cryptocurrency list, just behind Ethereum Name Service ($ENS).
- Mantra's alliance with DAMAC Properties, one of Dubai’s largest and most powerful real estate companies, is a game changer for the Real-World Asset sector, representing a groundbreaking combination of traditional real estate with blockchain technology.
- Mantra Chain is potentially on its way to being a major player in the still-evolving asset tokenization space as the platform's underlying initiative becomes more robust and approachable.
- Mantra's rising prominence in the RWA sector positions it splendidly to net a huge chunk of the $16 trillion RWA market creating a precedent for how the DeFi space can incorporate and enhance the real economy.
- Mantra Chain continues to innovate and push the boundaries of what blockchain can achieve with its token, $OM, which stands to benefit from the increasing adoption of its platform.
- The RWA market is about to surge, and demand for tokenized assets is on the rise. Mantra Chain is ready to profit from these clear trends, as $OM continues to climb, it appears clear that Mantra Chain is at the helm of the asset tokenization evolution.
- Platform's ability to draw in global investors is demonstrating that asset tokenization, when done using blockchain technology, can create a bridge between the old intermediation world of finance and the new decentralized finance (DeFi) world.
NullTX | 2 Feb, 2025
MANTRA’s 50% Surge, Crushes $TRUMP Eyes $PEPE
- MANTRA's native token OM has exhibited a remarkable upward trajectory, with pullbacks seemingly a distant memory.
- The current price of OM is $5.75, with predictions of a potential move towards $6 and even $10.
- OM has overtaken $TRUMP in market cap and is closing in on $PEPE.
- MANTRA's strategic partnership with DAMAC group and the tokenization of assets are driving forces behind this rally.
TronWeekly | 31 Jan, 2025
Mantra Surges Over 50% Reaching an All-Time High Amid DAMAC Partnership
- Mantra (OM) surges over 50% and reaches an all-time high of $5.87.
- Market cap increases to $5.27 billion and trading volume rises by 176.75%.
- Mantra forms a strategic partnership with DAMAC Group to tokenize assets on MANTRA Chain.
- Bullish indicators suggest a sustained upward trend for MANTRA (OM).
TheNewsCrypto | 31 Jan, 2025
MANTRA (OM) Surges 25% Amid Major Tokenization Deal, Bullish Momentum Points to $12 Target
- MANTRA (OM) has surged 25.44% in the past 24 hours and 18% over the week, showing strong bullish momentum.
- A $20 billion U.S. data center investment tied to TRUMP and a $1 billion tokenization deal with DAMAC are key growth drivers.
- MANTRA’s expansion in Real World Asset (RWA) tokenization is attracting institutional interest and strengthening its market position.
- Analysts predict OM could reach $8–$12 in 2025 if the current momentum continues.
TronWeekly | 27 Jan, 2025
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Damac Properties FAQs
When was Damac Properties founded?
Damac Properties was founded in 2002. The company has been operating for 23 years primarily in the Real Estate sector.
Where is the Damac Properties headquarters located?
Damac Properties is headquartered in Dubai.
Does Damac Properties have good work-life balance?
Damac Properties has a Work-Life Balance Rating of 3.5 out of 5 based on 90+ employee reviews on AmbitionBox. 52% employees rated Damac Properties 4 or above, while 48% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Damac Properties work-life balance reviews for more details
Is Damac Properties good for career growth?
Career growth at Damac Properties is rated as poor, with a promotions and appraisal rating of 2.8. 48% employees rated Damac Properties 3 or below on promotions/appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading Damac Properties reviews for more detailed insights.
What are the cons of working in Damac Properties?
Working at Damac Properties does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, job security and work satisfaction, based on 90+ employee reviews on AmbitionBox.
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