Staff Report
Dubai, UAE
Palace Group, one of the UAE’s premier luxury real estate developers, marked 25 years in the industry with a portfolio worth Dh36 billion. It delivered 200 residential projects valued at Dh20 billion and has another Dh16 billion worth of projects currently underway. The portfolio includes luxury villas, mansions, and high-rise buildings.
Founded in 1999 by entrepreneur Wissam Damaa, Palace Group established branches and expanded operations in Abu Dhabi, Dubai, Sharjah and Ras Al Khaimah within the first five years. Recent ventures include 15 beachfront mansions at La Mer and Jumeirah Bay Island, the 70-unit Aya in Dubai Gardens, and The Cliffs, a series of wellness-focused residences located along the Dubai Canal. The developer will also launch a new luxury project soon this year.
Wissam Damaa, Founder and CEO of Palace Group, said, “Our 25th anniversary is more than a milestone—it reflects our commitment to redefining luxury real estate. Our robust portfolio is a testament to our enduring achievements and ongoing commitment to elevating standards in luxury real estate. We take immense pride in the product quality, which is the cornerstone of our business.”
Under Wissam Damaa’s leadership, the company has embraced sustainable development since 2016, integrating renewable energy and eco-friendly innovations. It made investments in quantum technologies, hydrogen energy, and water desalination alongside luxury development. Integrating all development processes under one roof has enabled Palace Group to maintain quality at every development phase—from conception through construction to the final handover, ensuring each project meets and surpasses the benchmarks for luxury and client satisfaction.
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Also read: Palace Dubai Creek Harbour officially commences operation
