DAMAC Properties controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2008
Construction-quality criticism
The company faced criticism in the earlier phase of its development history over the quality of building work.
Reported guidance on cash and cryptocurrency property purchases
Investigative journalists reported that a DAMAC salesperson discussed buying property with cash or cryptocurrency and avoiding questions about the source of funds. DAMAC stated that such options were not offered as company policy and said it would investigate.
Trump Organization relationship and foreign-emoluments concerns
DAMAC’s Trump-branded projects and continuing business relationships with the Trump Organization drew scrutiny during Donald Trump’s presidency over possible foreign-emoluments and conflict-of-interest issues.
Reporting involving a former chairman’s business associate
Reporting discussed a company associated with former DAMAC chairman Farooq Arjomand that paid Alexander Smirnov, who was later charged over allegedly fabricated corruption claims involving Joe and Hunter Biden. The reported association was a matter of scrutiny rather than a finding that DAMAC itself made the payment.