About

Established in 2002 as a private residential, leisure and commercial developer in Dubai, Damac Properties has since expanded rapidly in the region. The legal team led by James Anderson plays a central role in the business by overseeing brokerage agreements, offering strategic legal advice on projects and contracts made in different jurisdictions and structuring mortgage facilities deals with banks and lenders such as the recent agreement with Abu Dhabi Commercial Bank. The legal team is also instrumental in projects such as the sharia compliant serviced hotels offered by Damac group. The legal team makes sure that the organisation of the compound is sharia compliant. As the business sees that a growing number of investors seek Sharia-compliant investments and financing. Furthermore, Islamic banks and lenders extend funding to hotels that follow Sharia practices. The strategic advices from the legal team on how to better meet the needs of the customers are valued. They oversee the process of compliance so that the customers can get better financing, or the financing that they want, without any problems. Whenever Damac Properties signs deals to expand its footprint in the region, their in-house legal team is assisting the deals.