Press releases

The latest press releases from DAMAC Properties

DAMAC Properties to Facilitate Transactions for Property Purchase by Crypto Holders

Wed, 27 Apr, 2022

Dubai, UAE — April 27th 2022: Leading luxury real estate developer DAMAC Properties has announced that the company is stepping up to serve the digital economy by facilitating the conversion to fiat, and the sale of property to holders of Bitcoin and Ethereum. The decision comes from the DAMAC Group’s vision of leveraging technology to provide innovative solutions to evolved customers.

DAMAC Group gears up to enter the metaverse

Mon, 25 Apr, 2022

Dubai, UAE – April 25th, 2022: Leading UAE-based business conglomerate, the DAMAC Group – the parent company of global property development company DAMAC Properties, data centre firm Edgnex, luxury jeweller de Grisogono and fashion house Roberto Cavalli – is announcing plans to embark into the world of the metaverse and build its own digital cities, becoming one of the pioneers in the GCC to do so.

Hussain Sajwani -DAMAC Foundation pledges Dh5 million contribution to UAE’s One Billion Meals Campaign

Mon, 25 Apr, 2022

Dubai, UAE, 24th April 2022: The Hussain Sajwani – DAMAC Foundation (HSDF) has pledged AED5 million to the UAE’s 1 Billion Meals’ Initiative, launched by Sheikh Mohammed bin Rashid, Vice President of the United Arab Emirates and Ruler of Dubai.

DAMAC’s LOAMS wins Dubai Land Department recognition

Thu, 07 Apr, 2022

Dubai, UAE: April 7, 2022 - DAMAC Properties’ community management arm, LOAMS, has been recognised by the Dubai Land Department (DLD), through its Real Estate Regulatory Agency (RERA), for its outstanding initiatives in managing its communities and buildings.

Hussain Sajwani – DAMAC Foundation donates AED 2 million to support Punitive and Correctional Institutions in Dubai

Tue, 05 Apr, 2022

Dubai, United Arab Emirates; 5 April 2022: As the holy month of Ramadan approaches, Dubai Police General Headquarters and The Hussain Sajwani – DAMAC Foundation (HSDF) announce the launch of a charitable initiative, ‘Fresh Slate’. The initiative seeks to aid detainees in Dubai’s Punitive and Correctional Institutions who have been charged for petty offences. 

Paramount Hotel Midtown presents: ‘Ramadan in Midtown’

Tue, 05 Apr, 2022

This Ramadan, experience a brand-new culinary experience at Paramount Hotel's newest edition - Paramount Hotel Midtown.

DAMAC Properties awards contract worth over AED500 million for DAMAC Lagoons project

Thu, 31 Mar, 2022

Dubai, UAE, 31 March 2022: DAMAC Properties announced it has awarded a construction contract worth over AED500 million to Shapoorji Pallonji Co Ltd for the main works at the Santorini Cluster of its latest luxury community development project, DAMAC Lagoons in Dubailand, close to the charm of DAMAC Hills.

DAMAC Properties announce the launch of Safa One

Wed, 23 Mar, 2022

Dubai, UAE, 23, March 2022: DAMAC Properties is announcing the launch of its latest project, a one-of-its-kind twin-tower development, Safa One de GRISOGONO – ‘The Nature of Luxury’.

DAMAC’s ZADA Tower completes superstructure works ahead of schedule

Mon, 21 Mar, 2022

Dubai, UAE — 17 March, 2022: DAMAC Properties is excited to announce the completion of roof slab concrete works for ZADA Tower, a 26-storey building located in Business Bay. While the balance superstructure works including the top roof and parapet were slated for completion in March 2022, the developer completed them ahead of schedule in December 2021.

Experience A New Wave of Glamour with Paramount Hotel Midtown – Now Open

Tue, 15 Mar, 2022

Dubai, UAE- March 14, 2022:  The DAMAC Group is excited to announce the official launch of Paramount Hotel Midtown following the success of Paramount Hotel Dubai.