DAMAC achieves handover of 50,000 homes, with 55,000+ in pipeline and USD 2.72 bn in H1 2026 construction awards

DUBAI, UAE, Sept. 4, 2026 /PRNewswire/ -- DAMAC Properties, the largest private real estate developer in the UAE and the Middle East, is celebrating the handover of more than 50,000 homes. With more than USD 2.72 billion in construction contracts awarded during the first half of 2026, DAMAC is targeting 8,800-plus residential units to be delivered this year across DAMAC Lagoons, DAMAC Hills, DAMAC Hills 2, Chic Tower and Elegance Tower.

Amira Sajwani, Managing Director, DAMAC Properties, said: "As Dubai's residential market continues to mature, the ability to execute at scale will increasingly differentiate developers. The ability to mobilise the right partners, maintain control across complex construction programmes and translate ambitious pipelines into completed homes and operational communities will define success in the months to come. We are strengthening our delivery platform and maintaining momentum across our portfolio to meet commitments made to our customers."

Mohammad Tahaineh, Chief Project Officer, DAMAC Properties, said: "Having delivered more than 50,000 homes at scale, the next 55,000+ demand rigorous control at every stage. Our disciplined programme management enables us to closely track procurement, quality, contractor performance and site productivity; anticipating and mitigating risks before they affect delivery schedules. This operational resilience has kept construction progressing throughout 2026, despite significant geopolitical pressures on global supply chains."

Handovers are accelerating across Dubai, with nearly 25,000 new homes completed in the first half of 2026, representing a 36 per cent increase compared with the same period last year. ¹ Cushman & Wakefield Core research states 13,200+ units were delivered in Dubai during Q2 2026 alone, with approximately 32,000 additional units expected in the second half of the year. ² This increase in handovers places greater emphasis on construction capacity, contractor performance and developers' ability to convert project pipelines into completed homes.

With more than 55,000 units and over 100 million sq. ft. of project area in planning and development, DAMAC will focus on completing its targeted 8,800-plus handovers through 2026, while mobilising newly awarded construction packages. These works establish the base for the next phase of deliveries in 2027 and beyond.

DAMAC Lagoons makes up the largest component of DAMAC's 2026 delivery programme, with approximately 6,300 homes targeted for handover, compared with around 513 in 2025. Overall infrastructure, landscaping and associated works have exceeded 80 per cent completion. The community features approximately 177,000 sq. m of water bodies, equivalent to around 141 Olympic-size swimming pools, commissioned in phases alongside residential and infrastructure works.

At DAMAC Hills, approximately 85 per cent of the community has been completed and handed over. This year, dozens of luxury residences are being handed over across Cavalli Estates and Utopia. At DAMAC Hills 2, more than 1,500 villas will be handed over in 2026. DAMAC is also progressing handovers at Chic Tower in Business Bay and Elegance Tower in Downtown Dubai, extending the delivery programme across the company's high-rise portfolio.

Strategic contractor appointments, early procurement, bulk sourcing and technology-enabled project oversight are aiding DAMAC to meet its ambitious handover targets. Monthly quality and safety assessments measure project and contractor performance against defined benchmarks, supported by site inspections and corrective-action plans where required.

Ahmad Marouf, a homeowner at DAMAC Lagoons, said:  "From the progress updates to the final inspection and handover, the process was well managed. Seeing the home and wider DAMAC Lagoons community come together was particularly rewarding. The quality of the residence, landscaping and family-focused amenities reflects what was promised, and my family and I are happy to call this vibrant community home."

^{1 Dubai's real estate sector completes 104 projects valued at over AED111 billion in H1 2026
2 MARKETBEAT- Residential Q2 2026, Dubai, UAE | Cushman & Wakefield Core}

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DAMAC achieves handover of 50,000 homes, with 55,000+ in pipeline and USD 2.72 bn in H1 2026 construction awards

CHICAGO, Nov. 14, 2026 /PRNewswire/ -- AEWIN Technologies, a Qisda Group company, will display its latest servers at SC26 in Chicago during November 17–19, highlighting scalable solutions for HPC and diverse AI applications. Featuring AMD EPYC™ 9006 SP7 Server CPUs and Gen6 connectivity, AEWIN's portfolio spans AI servers, high-throughput storage servers, and general-purpose servers, providing flexible building blocks for HPC clusters, scientific computing, AI workloads, and demanding data-processing applications. Continue to strengthen the Qisda Group's strategic positioning in AI Infrastructure, one of its four key AI business areas.

For accelerated computing, the BG18-A10710 is a 1U AI server with an integrated 2P DLC solution to support CPUs up to 600W TDP and two single-width 600W GPUs in a compact chassis for high-density compute. The BG28-A10710 is a 2U AI server with four double-width FHFL PCIe 6.0 x16 slots for GPUs up to 600W, while the BG48-A20813 supports eight double-width FHFL GPUs in a 4U chassis for demanding AI workloads and next-generation model training.

To address versatile enterprise needs, the BS28-A10710 features 16 E3.S drive bays for high-speed storage and AI data pipelines. The BX28-A10710 supports up to 12 U.2 NVMe SSDs, while the BX28-A10711 accommodates 24 2.5" SATA drives, providing flexible storage configurations for HPC and enterprise workloads. These platforms extend AEWIN's portfolio to support broader capabilities across compute, storage, and data-intensive applications.

Beyond individual server platforms, AEWIN leverages its subsidiary Arivor's 2P DLC solutions to build energy-efficient, rack-scale AI infrastructure. The system utilizes a phase-change coolant for rapid thermal dissipation, paired with an intelligent rack-scale CDU for dynamic system management. This cutting-edge cooling solution sustains up to 200kW per rack for higher-density AI deployments with minimized PUE and optimized sustainability.

At SC26, AEWIN will demonstrate how its server solutions address the evolving HPC and AI infrastructure requirements. By combining server expertise with the broader technology capabilities of the Qisda Group, AEWIN continues to engineer scalable and customizable solutions. These solutions empower customers to expedite implementation, optimize infrastructure efficiency, and excel in handling increasingly demanding workloads.

For more information: www.aewin.com

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AEWIN Presents High-Performance AI Servers with Advanced 2P DLC Rack-Scale Solutions at SC26