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 Properties Awards AED 26 million Contract for master community DAMAC Lagoons
DAMAC Properties is pleased to announce the awarding of a contract worth AED 26 million for landscape works at the Portofino cluster within the DAMAC Lagoons development. This contract, awarded to Phoenician Technical Services marks a significant milestone in the ongoing development of one of Dubai’s most sought-after residential destinations, expected to begin handover this year.
DAMAC Group Announces Increased Investment in Artificial Intelligence Sector with Notable Investments in Anthropic, xAI and Mistral
DAMAC Group, a leading conglomerate known for its diverse investment portfolio, has announced a significant increase in its investment in the rapidly evolving Artificial Intelligence (AI) sector.
EDGNEX Data Centres by DAMAC announces 20MW Data Centre Investment in Bangkok
EDGNEX Data Centres by DAMAC, a global digital infrastructure provider and part of the DAMAC Group, has announced its latest expansion in the APAC region by developing a state-of-the-art data centre in Bangkok. The announcement was made on the back of EDGNEX’s presence at DCD Connect Asia Pacific – Bali 2024. The first phase of the 19,000 sqm multi-storey Tier 3 colocation data centre is scheduled to be operational by 2026, marking a significant step in enhancing digital capabilities across the region.
DAMAC REAL ESTATE DEVELOPMENT LIMITED (“DAMAC”) - US$ 125 Million Additional Trust Certificates Due 2027
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