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 Cavalli Tower Set to Redefine Luxury Living with Completion on Target

Tue, 12 Mar, 2024

Dubai, UAE, 6 March 2024 –DAMAC Properties, a leading luxury real estate developer in the UAE, announced that the Cavalli Tower, its inaugural branded residential tower project in the UAE is on target for completion. Situated in the vibrant Dubai Marina, adjacent to DAMAC’s Ocean Heights, the 71-storey Cavalli Tower will set a new standard in luxury living for the city, embodying the bold elegance synonymous with the Cavalli brand. The tower is conceptualised by Shaun Killa, award-winning architect, and design partner at Killa Design.

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.