Press releases
The latest press releases from DAMAC Properties
DAMAC Properties awards contract for new villa cluster in DAMAC Hills 2
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
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.
DAMAC REAL ESTATE DEVELOPMENT LIMITED (“DAMAC”) - US$ 175 million additional Trust Certificates due 2027
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY. THIS IS NOT AN OFFERING CIRCULAR OR PROSPECTUS AND SHOULD NOT BE TREATED AS OFFERING MATERIAL OF ANY SORT. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS AS DEFINED IN REGULATION S (UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT)) OR ANY OTHER JURISDICTION WHERE IT WOULD BE UNLAWFUL TO DO SO.
DAMAC Founder and Chairman to speak on MENA policies and economic transformation programmes at World Economic Forum (WEF) DAVOS 2024
The 2024 Annual Meeting commences today at World Economic Forum (WEF) Davos in Switzerland and will take place until January 19, 2024.
The theme for the Forum this year is ‘Rebuilding Trust.’ The Annual Meeting will convene world leaders from governments, ministries, businesses, and the world at large to address key challenges, and discuss priorities for the year and beyond. WEF provides a platform to engage in constructive, forward-looking dialogues and help find solutions through public-private cooperation.
DAMAC Properties Launches DAMAC Lagoon Views
Leading luxury real estate developer in the UAE, DAMAC Properties has announced the launch of its first apartment complex in its third and upcoming master community, DAMAC Lagoons.
DAMAC Lagoon Views will offer one- and two-bedroom apartments across the ground + six floors of living space with a host of amenities complementing the community’s Mediterranean theme.
DAMAC Properties Awards Main Works Contracts Worth around AED 300 million
Leading luxury real estate developer in the UAE, DAMAC Properties has announced the awarding of the main works package for developments in DAMAC Hills 2 worth approximately AED 300 million.
Construction in steady progress on DAMAC’s Safa TWO de GRISOGONO luxury tower
Dubai, United Arab Emirates, 28 December 2023 – DAMAC Properties, a leading luxury real estate developer in the UAE, has announced construction updates for its prestigious branded tower Safa Two de GRISOGONO.
The renowned property developer has revealed a phase-by-phase timeline on works for the upcoming project with an anticipated completion date of 2027.
Roberto Cavalli opens on New Bond Street
Milan – November 2023. Roberto Cavalli achieves another milestone with the opening of the new boutique on New Bond Street in London, following the recent opening success of the flagship boutique in Las Vegas at the Encore at Wynn.
DAMAC’s Cavalli Tower keeps pace with completion
DAMAC, a leading luxury real estate developer based in Dubai, announced that construction of the world’s first Cavalli-branded tower is advancing as planned.
Excavation for the 71-storey tower began in January 2023, before progress was swiftly made on substructure works by April 2023. In August 2023, work began on the superstructure work of the tower located in Dubai Marina, where residents will enjoy unrivalled views of the sea and skyline from the comfort of the tower’s private pools, Malibu Bay-inspired beach and gardens.
Main Works Package Progressing for Mykonos and Monte Carlo clusters of DAMAC Lagoons
Dubai, United Arab Emirates, 14 December 2023 - Leading luxury real estate developer in the UAE, DAMAC Properties has announced that works are progressing for the main works package for two clusters in DAMAC Lagoons.
The contract for the Mediterranean-inspired master community was awarded to China Nuclear Industry 22nd Construction Co. Ltd.
