DAMAC Garners Acclaim Across Domains

Tue, 22 Aug, 2023

Dubai, UAE – August 21, 2023: DAMAC Properties, the esteemed name synonymous with luxury real estate development, is proud to announce its remarkable achievement as the recent recipient of two prestigious awards -  "Leading Real Estate Developer of Luxury Properties in UAE" and "Most Innovative Residential Community Developers – UAE."

These accolades underscore DAMAC Properties' unwavering commitment to setting new benchmarks for excellence in the real estate industry.

Awarded by World Business Outlook Awards, DAMAC Properties stands tall as the "Leading Real Estate Developer of Luxury Properties in UAE 2023," an honour that further solidifies its reputation as an industry pioneer in crafting opulent living experiences.

In yet another crowning achievement, the developer has been lauded as the Most Innovative Residential Community Developer – UAE 2023 by Global Business Outlook Awards for DAMAC Lagoons.

The awards are proof of excellence to DAMAC’s rich portfolio of masterplan communities, branded residences, retail spaces, hotels and hotel apartments, commercial spaces, data centres, and more. These accolades resonate with the company's consistent efforts to transform traditional living spaces into thriving, connected communities that foster innovation, sustainability, and the art of living well.

A Legacy of Excellence

For two decades, DAMAC has been reshaping the skyline of Dubai and beyond, creating living environments that blend opulence with functionality, while embodying architectural finesse and attention to detail.

Commenting on these prestigious awards, Niall McLoughlin, Senior Vice President at DAMAC Properties, expressed his gratitude, saying, "We are immensely honoured to be recognised as the Leading Real Estate Developer of Luxury Properties and the Most Innovative Residential Community Developers in the UAE. These awards are a testament to our relentless pursuit of excellence and our commitment to shaping the future of luxury living. They reaffirm our commitment to pushing boundaries and redefining industry norms. As a leading real estate developer, we remain dedicated to crafting spaces that inspire, enrich, and elevate the lives of our clients and the communities we serve."

In addition to these accolades, DAMAC has also won the Developer of the Year Award at the 18th Global RLI (Retail and Leisure International) Awards. Paramount Hotel Midtown won gold at the Chef Excellence Awards 2023, while Malibu Sky Lounge & Bar - Highly Recommended, Under Best Rooftop Venue was awarded The Big Night Life Award 2023. DAMAC’s facilities management and LOAMS were also was also recognised for their excellence by being awarded the Middle East Facility Management Association (MEFMA) Corporate Member and Highly Commended for Excellence in FM Health & Safety.

Onwards to Success

DAMAC Properties has been striving ahead with significant achievements and progress across its regional and global portfolio. Over the past 18 months, the developer has launched more than 10 branded residences in the UAE as well as announced its plans for a luxury apartment complex in Surfside, US, which will be designed by global brand Zaha Hadid Architects.

The company’s branded residence in London, DAMAC Tower Nine Elms, the first branded project by Versace in Europe, was handed over to its customers this early 2023, while DAMAC’s luxury resort project in the Maldives is progressing at a positive pace.

The third master community currently under development, DAMAC Lagoons, has also been shaping up in an impressive manner. This year alone, the company awarded contracts worth AED 2.4 billion for DAMAC Lagoons, which is currently developing 11 different Mediterranean-themed clusters spread across a total area of 45 million sq ft area.