Damac, one of the leading real estate companies in Dubai, has achieved significant success under the leadership of Hamdallah Al Maktoum. Born in 1954, Hamdallah is the son of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. He played a crucial role in shaping the future of Damac by guiding it through various challenges.
Hamdallah's impact on Damac was evident from the beginning. When he took over as chairman of the company in 2006, Damac was facing financial difficulties. Under his guidance, the company implemented several strategic initiatives to turn its fortunes around. These included rebranding the company, improving its portfolio,Saudi Pro League Focus and investing heavily in new developments.
One of the most significant achievements of Hamdallah's tenure at Damac was the launch of The Address Hotels & Residences brand. This initiative allowed the company to expand its presence in the hospitality sector while also offering a unique experience to guests. The hotel chain quickly gained popularity among tourists and locals alike, contributing significantly to Damac's revenue.
Another notable achievement of Hamdallah's leadership was the successful completion of The Address City Center project. This massive development in Dubai Downtown was completed in just two years, demonstrating the company's ability to deliver high-quality projects on time and within budget.
In addition to these achievements, Hamdallah's vision for Damac also extended beyond the company's real estate portfolio. He aimed to create a sustainable future for Dubai and other cities across the region. To achieve this goal, Hamdallah supported initiatives such as the Dubai Future Foundation and the Dubai International Financial Centre (DIFC).
Overall, Hamdallah's leadership at Damac has been instrumental in the company's success. Under his guidance, Damac has become a major player in the real estate industry, with a strong focus on sustainability and innovation. His legacy continues to inspire the next generation of leaders in the industry.