DAMAC in the News
DAMAC unveils ‘VOLTA’, a fitness-inspired luxury residential development
Dubai-based real estate developer DAMAC Properties has unveiled VOLTA, its upcoming new fitness-inspired luxury residential development on Sheikh Zayed Road in Dubai.
The unique concept coming soon to Dubai will integrate health and wellness into the design and its amenities to promote an active lifestyle for all its residents – owing to demand and trends from clients looking to increasingly weave wellness into daily lifestyles.
VOLTA will feature a host of amenities, including a multi-layered swimming pool deck with a unique seating and lounging experience.
The luxury property will also feature a jogging track, a VOLTA infinity sky pool, a sky yoga studio, boxing facilities, outdoor calisthenics, sculpting machines, mirror trainers, integrated gym walls and emergency rooms for the safety of residents.
Furthermore, the tower will feature specialized diet consultants for nutrition advice, an aqua gym, ice therapy, acupuncture, and physiotherapy to heal, aqua massages,
and beauty treatments to relax.
DAMAC reinforces commitment to Emiratisation on Emirati Women’s Day
Dubai, UAE: On Emirati Women’s Day celebrated annually on August 28, Dubai-based DAMAC Group has reaffirmed its commitment to empowering UAE nationals within the private sector. DAMAC has emphasised its dedication to Emiratis' professional success by introducing new initiatives that support the local workforce.
In 2023, DAMAC proudly introduced its own Nationals Acquisition and Management Acceleration (NaMa) program to further support the growth and development of Emiratis. Since its establishment, this initiative has been dedicated to enhancing the skill sets of Emirati participants through a rotational approach that offers exposure across various functions within the organization. Furthermore, the program extends comprehensive training in areas such as technology, sales, and customer service, fostering a well-rounded learning experience.
Dubai: Demand for branded residences on the rise as niche trend gains momentum
The emergence of branded residences has significantly transformed UAE’s real estate landscape. These unique living spaces blend the allure of luxury hospitality with the comfort of home, offering residents an exclusive lifestyle experience.
This trend has gained momentum globally and in Dubai, as individuals seek not only luxurious living spaces but also a curated environment that reflects their personal preferences and aspirations.
Luxury today is not confined to the dressing closet any more but has spilled over to other aspects of our life, including the four walls we live in. People now associate brands with a certain way of life, manicured and with finer choices. Design elements from an international luxury brand in the home have become a statement for one’s own choices and lean towards a more sophisticated consumer trait. Owners today enjoy the prestige that comes with owning a branded residence, typically a tie-up with a luxury brand, and benefit from higher value and yields.
UAE Developer Reveals Surfside Plans
DAMAC International, based in Dubai, has revealed its plans for a new luxury condominium on the site of Champlain Towers South, the condo which collapsed in 2021, killing 98 people. DAMAC acquired the 1.88-acre site for $120 million in July 2022 from a court-appointed receivership.
The new building will have two connected towers 12 stories high, with 57 units ranging from 4,000 to 15,000-square-feet. The project is being designed by Zaha Hadid Architects, the world-renowned firm founded by the late Zaha Hadid, which designed the striking One Thousand Museum tower in Downtown Miami.
DAMAC Coral Reef unveiled as the developer’s newest seaside project at Dubai Maritime City
DAMAC Properties announced the launch of its latest project, DAMAC Coral Reef, to be developed within the picturesque Dubai Maritime City. This exclusive waterfront development promises to redefine luxury living with a captivating blend of artistic expression and exceptional coastal charm.
The new property offers a luxurious seaside waterfront haven and marks a spectacular collaboration with acclaimed artist Vincent Faudemer, celebrated globally for his captivating Babolex collection. Collaborating with the artist, known as the "Little Prince of Contemporary Art," DAMAC Coral Reef is set to introduce an unparalleled fusion of artistry and luxury living. Faudemer will create a bespoke Babolex collection exclusively for the interiors of this architectural marvel, infusing it with an aura of creativity and elegance that transcends traditional living spaces.
27 private companies, national entities, sponsor 1st edition of Emirates Labour Market Award: MoHRE
DUBAI, 16th August, 2023 (WAM) -- Twenty-seven private sector companies and national entities are sponsoring the first edition of the Emirates Labour Market Award, the Ministry of Human Resources and Emiratisation (MoHRE) said Wednesday.
The annual award aims to boost the labor market’s competitiveness, enhance productivity and efficiency, and recognize best practices of work environment.
DAMAC Properties sponsors the Emirates Labour Market Award as a Diamond Sponsor, while Emirates NBD and du join as Platinum Sponsors, along with various additional sponsors in the Gold, Silver and Bronze categories, as well as media partners.
Hussain Sajwani, DAMAC Properties’ Founder and Chairman, said, "The Emirates Labour Market Award marks the dawn of a new chapter in the nation's journey towards a dynamic and progressive labor landscape. It signifies the UAE's vision to emerge as a global leader in shaping the future of work and talent development.”
Dubai Endowment: DAMAC joins the “Endowment for Real Estate Developers” initiative
Awqaf and Minor Affairs Foundation, represented by Mohammed Bin Rashid Global Centre for Endowment Consultancy, has recently registered a new endowment contribution from DAMAC Properties. This contribution is dedicated to supporting sustainable humanitarian efforts, serving the local community, and meeting its various needs.
By establishing this endowment, DAMAC Properties demonstrates its commitment to philanthropy and positively impacting society. The funds and benefits generated from this endowment will be utilized to support initiatives that focus on long-term sustainability, address humanitarian challenges, and contribute to the community's overall well-being.
DAMAC has given the property, located in the Celestia project, to Awqaf, which will rent it out and further use the yields to support members of the community, particularly orphans, and contribute to society's diverse needs.
Ali Sajwani, the Managing Director of Operations and Technology at DAMAC Properties, said: "We are pleased to join the Endowment for Real Estate Developers initiative, which spreads a culture of giving back to the local community through charitable works, and help empower those who are most vulnerable. Such initiatives reaffirm the prominent role that real estate developers can play in supporting the community."