DAMAC Properties Media Centre

Welcome to the DAMAC Properties Media Centre. Explore the latest Company news, views and information about our projects and developments. In addition, review industry research and analysis from third-party companies on the Middle East’s real estate market.  

Press releases

DAMAC's Luxury Resort in the Maldives Advancing Smoothly

Thu, 22 Feb, 2024

Dubai, United Arab Emirates, 22 February 2024: DAMAC Group has announced that the construction of its Mandarin Oriental Bolidhuffaru Reef Resort is advancing steadily under development in the Maldives.

DAMAC REAL ESTATE DEVELOPMENT LIMITED - RATING UPGRADE TO BB (S&P)

Fri, 16 Feb, 2024

S&P Global Ratings (S&P) has upgraded DAMAC Real Estate Development Limited's long-term issuer rating to 'BB' due to improved leverage metrics, with a stable outlook. Additionally, S&P has upgraded its rating on the Company’s senior unsecured sukuks to 'BB' from 'BB-'.

The report can be viewed on S&P’s website.

DAMAC Welcomes A New Dawn Of Luxury With The Launch Of “The Sapphire”

Fri, 16 Feb, 2024

DAMAC Properties, a leading luxury real estate developer in the UAE, announces the launch of “The Sapphire” tower, the third launch completing the latest luxury lifestyle collection Safa series boasting luxurious unique interiors.

Chairman named Executive of the Year at Big Project ME Awards 2023

Thu, 08 Feb, 2024

February 8, 2024, Dubai, UAE - The Big Project Middle East (Big Project ME) Awards, an annual event celebrating excellence in the construction and infrastructure sectors, has honoured Hussain Sajwani, Chairman and Founder of DAMAC Group with its coveted Executive of the Year accolade.

This year, the 14th edition of the event drew over 160 esteemed guests from across the GCC, including international and local delegates representing government organisations, developers, operators, contractors, and suppliers, showcasing the pinnacle of achievement in the industry.