The Dubai developer’s assets in the Middle East will be available early this year on the MANTRA chain
Damac Group
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Damac
Dubai real estate: DAMAC launches Sun City development with forest trails, camping areas and monkey bar arena
DAMAC Properties launches Sun City in Dubailand as it reveals new master community
AI investment
Dubai’s DAMAC Group bets big on AI with $50mn investment in Anthropic
This investment, along with stakes in Elon Musk’s xAI and French firm Mistral, marks a strategic shift for the diversified group known primarily for its real estate ventures
Corporate tax
UAE Royal Family holiday photos; New luxury mall in Dubai; Saudi wage increases; Tax warning – 10 things you missed this week
UAE real estate, tax, commercial gaming and end of service benefit updates, Royal Family holiday photos, Saudi wage increases and more lead news stories this week
3D virtual worlds
Damac Group eyes move into the metaverse with $100 million investment in “digital cities” led by Ali Sajwani
The initiative forms part of the company-wide ambitions to move into digital assets and non-fungible tokens (NFT)
AHS PROPERTIES
Emirati entrepreneur sets up real estate company for ultra-luxury mansions in Dubai
Abbas Sajwani, son of Damac’s Hussain Sajwani, has launched AHS Properties, with a focus on the luxury market in Dubai