Press releases

The latest press releases from DAMAC Properties

DAMAC Hills 2 Community Emerges as One of the Highest Transacted in the UAE

Wed, 27 Mar, 2024

Off-plan apartments registered and averaged a robust growth of 16% in price per square foot from 2021 to end of 2023 Data from the Dubai Land Department (DLD) has revealed compelling insights, placing units in DAMAC Hills 2 as one of the highest transacted in the UAE. 

DAMAC Unveils Autograph Collection – An Exclusive Enclave of Boutique Villas in DAMAC Hills

Wed, 27 Mar, 2024

Dubai, UAE, 26 March 2024 – DAMAC Properties, a leading luxury real estate developer in the UAE, announces the launch of its latest luxury residential offering, the Autograph Collection, within the prestigious DAMAC Hills community. These meticulously designed boutique residences mark an expansion of DAMAC's premium homes portfolio, bringing an unmatched level of sophistication and elegance to Dubai's real estate landscape.

DAMAC's Cavalli Tower Set to Redefine Luxury Living with Completion on Target

Tue, 12 Mar, 2024

Dubai, UAE, 6 March 2024 –DAMAC Properties, a leading luxury real estate developer in the UAE, announced that the Cavalli Tower, its inaugural branded residential tower project in the UAE is on target for completion. Situated in the vibrant Dubai Marina, adjacent to DAMAC’s Ocean Heights, the 71-storey Cavalli Tower will set a new standard in luxury living for the city, embodying the bold elegance synonymous with the Cavalli brand. The tower is conceptualised by Shaun Killa, award-winning architect, and design partner at Killa Design.

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.

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