Press releases
The latest press releases from DAMAC Properties
DAMAC Properties Announced as Official Palladium Sponsor for YPO’s 2024 Global Business Summit
Dubai, UAE, September 10 – DAMAC Properties, a leading luxury real estate developer in the Middle East, has officially signed an agreement today to become the Palladium Sponsor for the 2024 Global Business Summit hosted by YPO, the global leadership community of more than 35,000 chief executives in 150 countries.
DAMAC Mall at DAMAC Hills Celebrates First Anniversary
Dubai, United Arab Emirates, 4 September 2024 – DAMAC marked the first anniversary of DAMAC Mall, the Group’s first community mall located in its flagship master community DAMAC Hills. Since its inauguration, the mall has welcomed thousands of visitors per month, reflecting its importance as a preferred location for both essential shopping and leisure activities.
DAMAC Properties Expands into RAK with Inaugural Shoreline by DAMAC – A Luxury Seaside Residence on Al Marjan Island
Dubai, UAE, 30 August 2024 – DAMAC Properties, the leading luxury real estate developer in the UAE, has announced the launch of its inaugural project in Ras Al Khaimah – Shoreline by DAMAC, located on the pristine shores of Al Marjan Island. The exclusive, branded beachfront residence is being designed in collaboration with contemporary art icon Vincent Faudemer's luxury collection, BABOLEX, bringing a harmonious blend of funky and chic detailing to create a modern aesthetic with comfortable living for residents.
DAMAC Properties Hosts Emirati Brokers Event in Association with Dubai Land Department
Dubai, UAE, 29 July 2024: DAMAC Properties, one of the leading luxury real estate developers in the region, has held a key event organised in collaboration with the Dubai Land Department (DLD) to support and recognise the contributions of Emirati realty brokers in the UAE community.
The Emirati Brokers Event gathered around 300 brokers, as well as DAMAC staff.
DAMAC Capital Generates Strong ROI on its Strategic Investments in SpaceX and Stripe
DAMAC Capital, the investment arm of the globally renowned DAMAC Group, has announced strong ROI its strategic investments in SpaceX and Stripe.
The investments underscore DAMAC Capital's continued commitment to pioneering advancements in technology and innovation at a global scale, propelling its portfolio into sectors with significant growth potential.
DAMAC Signs the Main Works Contract for DAMAC Harbour Lights
DAMAC Properties is pleased to announce the signing of a new contract with Modern Building Contracting Co. (MBCC), one of the leading construction companies in the UAE. This partnership marks a significant milestone in the development of a 52-storey tower that will feature 294 luxurious apartments.
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 Creative Team wins Gridliners Award for Coral Reef AD
A creative team is key to a successful campaign.
Our creative team garnered the prestigious Gold Gridliners Award 2023 in the Commercial Film/Ad category for the DAMAC Coral Reef project.
Congratulations to our very own Creative and Marketing Department, for their prolific approach and well-deserved recognition. In just three weeks, the team delivered this masterpiece, setting a new benchmark in creativity and design in the real-estate industry.
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.
