DAMAC in the News

DAMAC Real Estate Development Limited attains membership for Emirates Green Building Council

Mon, 22 May, 2023 | Zawya

UAE’s leading real estate developer, DAMAC has put another step forward to strengthen its commitment to sustainability and sustainable building practices through its partnership with the Emirates Green Building Council.

As a corporate member, DAMAC will work closely with EmiratesGBC to drive sustainability and promote all aspects of green building in the UAE’s built environment.

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DAMAC awards infrastructure contracts for key Lagoons project

Mon, 22 May, 2023 | Trade Arabia

DAMAC Properties, one of the leading luxury real estate developers in the Middle East, has awarded contracts for the main works of two clusters - Nice N2 and Nice N3 - as well as the backbone infrastructure works at the Damac Lagoons master community development in Dubai Land.

The company has signed up Delta Al Emarate Building Contracting for the main works of Nice N2 and Nice N3 clusters.

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Dubai real estate sector strengthens on investors’ confidence

Wed, 17 May, 2023 | TRENDS MENA

Dubai has long been regarded as a prime location for real estate investment, and 2023 will be no different. With its thriving real estate market, dynamic economy, favorable government policies, and robust infrastructure, the city continues to attract both local and international investors.

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REVEALED: Most influential Arabs of 2023 in the construction landscape

Mon, 15 May, 2023 | Construction Week

The Arab world has witnessed the emergence of numerous remarkable individuals who have made indelible impressions on the international stage. Whether in politics, business, arts, or sports, Arab personalities have played pivotal roles in society and garnered widespread acclaim for their remarkable accomplishments.

As such, Construction Week Middle East has listed the most influential Arabs from Arabian Business’ 100 Most Influential Arabs 2023 list.

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DAMAC Lagoons Progresses As New Contracts Awarded

Mon, 15 May, 2023 | Public Technologies

DAMAC Properties, one of the leading luxury real estate developers in the Middle East, has awarded contracts for the main works of two clusters, Nice N2 and Nice N3, and the backbone infrastructure works at the DAMAC Lagoons master community development in Dubai Land.

The contract for the main works of Nice N2 and Nice N3 clusters has been awarded to Delta Al Emarate Building Contracting (L.L.C).

The scope of work for Nice N2 covers close to 434 units comprising of townhouses and villas in the cluster, which will include features such as waterways and fitness arenas.

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Dubai residential market transactions hit new high in 2023: CBRE report

Mon, 15 May, 2023 | Arab News

Dubai’s residential real estate market recorded its highest-ever number of transactions in the first four months of 2023, according to a report by a global consultancy firm. 

A total of 36,946 deals were logged across the period — a 43.2 percent increase compared to the previous year, according to CBRE’s Dubai Residential Market Snapshot.

The year-on-year increase for April alone was 16.2 percent, underpinned by a 42.5 percent increase in off-plan market sales, whilst secondary market sales dropped by 2.4 percent.

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