Press releases

The latest press releases from DAMAC Properties

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.

DAMAC Hills 2 Unveils New and Enhanced Amenities, Adding a Californian Coastal Vibe to Dubai Living

Mon, 05 Feb, 2024

Dubai, UAE, February 5, 2024 – DAMAC Hills 2, the premier residential community in Dubai, has unveiled a line-up of new and enhanced amenities that will elevate the living experience for its residents, offering a distinctive Californian coastal vibe.

Set against the expansive DAMAC Hills 2 community backdrop, these new amenities bring an exciting new experience in community living to Dubai and provide residents and visitors with a lifestyle that combines relaxation, recreation, and natural beauty.

DAMAC Properties awards contract for new villa cluster in DAMAC Hills 2

Tue, 30 Jan, 2024

UAE-based Al Qandeel Contracting LLC has been awarded a new contract of AED 180 million, for main works at DAMAC’s master development, DAMAC Hills 2.

The scope of works will include the construction of the main works package for 384 villas at the Verona cluster, located within the 55 million sq. ft. master community.

Verona will feature rows of 4-bedroom townhouses and will offer residents a state-of-the-art facilities for residents to enjoy including water parks, sports activities, and more.  

DAMAC Launches Latest Tower, Altitude, Redefining Luxury Living in Dubai's Business Bay

Wed, 24 Jan, 2024

DAMAC Properties, one of the leading luxury real estate developers in the Middle East, announces the launch of its latest masterpiece, Altitude, the fourth tower in series that includes Canal Heights 1 and 2 and Canal Crown.

DAMAC REAL ESTATE DEVELOPMENT LIMITED (“DAMAC”) - US$ 175 million additional Trust Certificates due 2027

Tue, 23 Jan, 2024

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY. THIS IS NOT AN OFFERING CIRCULAR OR PROSPECTUS AND SHOULD NOT BE TREATED AS OFFERING MATERIAL OF ANY SORT. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS AS DEFINED IN REGULATION S (UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT)) OR ANY OTHER JURISDICTION WHERE IT WOULD BE UNLAWFUL TO DO SO.

DAMAC Founder and Chairman to speak on MENA policies and economic transformation programmes at World Economic Forum (WEF) DAVOS 2024

Mon, 15 Jan, 2024

The 2024 Annual Meeting commences today at World Economic Forum (WEF) Davos in Switzerland and will take place until January 19, 2024.

The theme for the Forum this year is ‘Rebuilding Trust.’ The Annual Meeting will convene world leaders from governments, ministries, businesses, and the world at large to address key challenges, and discuss priorities for the year and beyond. WEF provides a platform to engage in constructive, forward-looking dialogues and help find solutions through public-private cooperation.

DAMAC Properties Launches DAMAC Lagoon Views

Thu, 11 Jan, 2024

Leading luxury real estate developer in the UAE, DAMAC Properties has announced the launch of its first apartment complex in its third and upcoming master community, DAMAC Lagoons.

DAMAC Lagoon Views will offer one- and two-bedroom apartments across the ground + six floors of living space with a host of amenities complementing the community’s Mediterranean theme.

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