The Latest Breaking News from Damac Properties

A developer is trying to sell condos at Miami Surfside site of deadly building collapse. Not one has been bought, report says

The 12-story beachfront condo building collapsed in June 2021

The Independent UK · Jun 22

'The Donald of Dubai': UAE billionaire close to Trump bets $66 billion on AI to become the world's data king

UAE real estate magnate Hussain Sajwani is investing billions in data centers to capitalize on the AI boom, aiming for global leadership. His company, DAMAC Digital, has secured sites in 13 countries and plans to build 6,000 megawatts of capacity, costing $66 billion.

The Economic Times · Jun 10

Meet Hussain Sajwani: The DAMAC founder donates Dh100 million to UAE’s ‘Edge of Life’ campaign for child hunger relief

In February 2026, Emirati billionaire Hussain Sajwani, through the DAMAC Foundation, committed Dh100 million to the UAE’s ‘Edge of Life’ campaign under an agreement with Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), announced in the presence of Sheikh Hamdan bin Mohammed, Crown Prince of Dubai. The Ramadan-launched initiative aims…

The Times of India · Mar 18