CREDIT AND ESG RATINGS CERTIFICATIONS AND MEMBERSHIPS

Dubai continues to exhibit strong economic growth across a number of key sectors. Alongside the emirate’s strong growth prospects, the region is also seeing an increased influx of expatriates and more foreign investment, a rising population and growth in tourism, further driving demand for prime residential property.

MSCI ESG Rating

On April 23, 2025, DAMAC received its first MSCI Provisional ESG Rating, achieving a rating of ‘A’. This recognition affirms the Company’s position as a regional industry leader in sustainability and responsible business practices.

ESG Ratings Sustainalytics

Based on the fiscal year results of 2022, DAMAC Real Estate Development Limited received its first Sustainalytics ESG Risk Rating of 18.3 points. This rating, ranging from 0 (lowest risk) to 100 (highest risk), indicates a low overall ESG risk level for the company. The rating action date is November 13, 2023. On May 23, 2024, Sustainalytics improved DAMAC’s ESG Risk Rating from 18.3 to 18.2. This improvement is attributed to an enhancement in the ESG Risk Management indicator, which increased from 43.4 to 43.9 points, particularly in the category of Stakeholder Governance.