Latest progress of AKOYA by DAMAC taken with a drone on 10 January 2015

Thu, 05 Feb, 2015

DAMAC Properties Supports Drones for Good Contest to Encourage Entrepreneurial Spirit in Dubai

Leading luxury real estate developer DAMAC Properties has been announced as a key supporter of this weekend’s Drones for Good ceremony, which will showcase the top entrants in the AED 4.67 million contest (US$1 million for International Competition and AED 1 million for National Competition).

In-line with the company strategy to support entrepreneurial activities in Dubai which enhance society, DAMAC Properties will be a key sponsor of the event, which will see almost 40 drones take to the sky over Internet City on 6-7 February 2015.

Following more than 800 submissions, from 57 countries, the Organizing Committee of 'The UAE Drones for Good Award' is presenting an opportunity for the inventors to meet with, and pitch to, some of the UAE’s most creative companies, with the aim of financing the top projects into full production.

Launched by the UAE Government during the Government Summit, the Drones for Good contest was set-up to find the brightest minds and best uses for drones in today’s society. It also aims to harness the technology of unmanned aircraft to improve the lives of people, whether in the UAE or anywhere in the world. It aims to design a legislative structure to provide services through advanced technology such as unmanned aircraft in the areas of serving humanity.

“DAMAC Properties has always been at the forefront of supporting campaigns which promote innovation and creativity,” said Niall McLoughlin, Senior Vice President, DAMAC Properties. “These elements are the backbone of a modern economy, and as a leading company in Dubai we are delighted to support the Drones for Good contest, which has seen hundreds of young entrepreneurs develop exciting ways by which drones can enhance the society we all live in.”

As of December 31st 2014, DAMAC Properties has delivered almost 13,000 homes and has a development portfolio of over 38,000 units at various stages of progress and planning.