Press releases
The latest press releases from DAMAC Properties
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
This announcement is confidential and solely for the use of the person it is addressed to. Release, transmission or distribution to any other person, in whole or in part, is prohibited. The offering and the distribution of this announcement and other information referred to herein may be restricted by law and persons into whose possession this announcement or such other information comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
Hussain Sajwani – DAMAC Foundation allocates AED 100 million to support innovation and technology in Dubai
Dubai, UAE. 11 June 2024: His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council of Dubai, and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), today approved the launch of the next phase of 'Dubai Future Solutions’ initiative. The 'Dubai Future Solutions – Prototypes for Humanity’ initiative will be overseen by Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture).
DAMAC Bay Projects Make Significant Progress with Innovative Construction Techniques
Pioneering use of a unique horizontal strutting system “Bolted Method,” offers an efficient solution for various support applications, allowing for dismantling without wastage or damage.
DAMAC Properties has announced significant advancements in two of its upcoming projects, DAMAC Bay by Cavalli 1 and 2, taking shape in Dubai Harbour. The projects are keeping pace with
construction progress.
EDGNEX Data Centres by DAMAC announces a 15 MW data centre investment in Indonesia
EDGNEX Data Centres by DAMAC, a global digital infrastructure provider owned by the DAMAC Group, has announced investments into the Indonesian market with a state-of-the-art data centre to be built in Jakarta. With the first phase scheduled for completion in the fourth quarter of 2025, the announcement is a significant step in the company’s strategic efforts to support digital economies and the vibrant start-up ecosystem in Southeast Asia’s (SEA) fastest-growing economies.
LOAMS Partners with Real Point & Zee Matrix to Enhance Community Management Services in Compliance with RERA Guidelines
Dubai, UAE, 20 May 2024 – Luxury Owners Association Management Services LLC, LOAMS, the community management arm of DAMAC Properties has signed a Memorandum of Understanding with Real Point & Zee Matrix to provide consultancy services for their portfolio in line with recent circulars from RERA related to the update of assets on Mollak and mandatory Reserve Fund studies.
UAE-Founded DAMAC International Announces Aggressive APAC Expansion Plan with Latest Office Openings in Singapore and Beijing
Dubai, United Arab Emirates, May 6th, 2024: UAE-founded real estate developer with global aspirations, DAMAC International, has announced brand-new office openings in Beijing and Singapore. With its sights firmly set on global expansion, the office openings signal the brand’s push and significant investment and commitment to APAC.
DAMAC Alkhair Initiative Brings Joy to Thousands with Iftar Meals Distribution in Collaboration with RTA this Ramadan
Dubai, UAE, 03 April 2024 –Embracing the spirit of community service during the Holy Month, DAMAC Properties, a leading luxury real estate developer in the UAE, collaborated with the Roads and Transport Authority (RTA) to distribute around 8,000 iftar meals and 3,000 gift boxes to on-ground staff in its communities, construction sites and selected RTA location across Dubai.
