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

SHENZHEN, China, Sept. 4, 2026 /PRNewswire/ -- On August 21, TÜV Rheinland Greater China, the international independent testing, inspection and certification organization presented Shenzhen Aputure Imaging Technology Co., Ltd. ("Aputure") with a life cycle assessment (LCA) certificate for its STORM CS32 studio light at the 2026 Aputure Fan Night.

The certification reflects Aputure's commitment to environmental responsibility and provides a scientific basis for identifying the stages of a product's life cycle with the greatest environmental impact, enabling targeted improvements that will guide future product optimization and sustainability management.

Gao Chao, Deputy Director of Aputure's product center, and Li Qiang, Vice General Manager of Sales at TÜV Rheinland Greater China Electrical, attended the certificate presentation ceremony.

The project moved beyond the conventional approach of evaluating a single production stage. Instead, it applied a "cradle-to-grave" perspective, systematically assessing the studio light across its entire life cycle from raw material extraction, manufacturing, distribution and transportation, through product use, to end-of-life disposal. The assessment pinpointed the key factors and stages where environmental impact is greatest, providing data to support eco-design, process improvement and supply chain optimization.

"Sustainability has become a core imperative for business development," Gao said. "Receiving this LCA certificate marks an important milestone in our efforts to integrate green principles across the entire research, development and manufacturing of our products. While refining technical performance, we continue to identify opportunities to reduce environmental impact throughout the product life cycle. Going forward, Aputure will advance eco-design, drive continuous innovation and support the industry's transition toward a green, low-carbon future."

"The global transition toward green, low-carbon development is accelerating, and sustainability has shifted from an option to a must for enterprises," Li said. "LCA helps companies understand the composition of their products' environmental footprint and identify where improvements can be made, moving from isolated green initiatives to systematic capability building. This certification not only recognizes Aputure's achievements to date. It also marks a new starting point for building full life cycle environmental management capabilities. TÜV Rheinland is honored to have been part of this project, and we look forward to deepening our cooperation to help the professional film and television lighting industry move toward higher-quality, more sustainable growth."

As a leading global technology service provider, TÜV Rheinland operates specialized laboratories and a global technical network covering safety, electromagnetic compatibility, performance verification and market access for electrical and electronic products. It offers one-stop solutions for photographic equipment, film and television lighting and related products, including testing, certification and assessment spanning product development, testing and certification, and post-market evaluation, helping Chinese lighting products reach global markets.

About Aputure
Shenzhen Aputure Innovation Technology Co., Ltd., headquartered in Shenzhen, is a high-tech enterprise specializing in imaging equipment. It integrates R&D, production, and global sales. The company has over 1,000 employees worldwide.

As of June 30, 2026, Aputure held 1,253 valid patents, including 171 invention patents. Aputure has subsidiaries and offices in the United States, the Netherlands, Singapore, India, Brazil, and other locations. It serves over 2 million users globally, with a sales network covering more than 175 countries.

The company owns four self-developed software and hardware product brands: Aputure, Amaran, DEITY, and the Sidus Link intelligent control system. Aputure products can be found in professional film and television crews, content creation studios, and professional live-streaming rooms worldwide, making Aputure one of the fastest-growing professional imaging equipment companies globally.

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TÜV Rheinland Presents LCA Certificate to Aputure Studio Light