Damac, the leading real estate company in Dubai, has announced that it will be ceasing operations from its headquarters in Dubai and relocating to a new location in Abu Dhabi.
The announcement was made by the company's chairman, Khalid Al Maktoum, during a meeting with employees on Monday. The move is part of a wider restructuring plan for the company, which aims to streamline its operations and focus more on its core business areas.
The relocation will take place over the next few months, and all employees have been given the option to either stay at their current locations or relocate to Abu Dhabi. The company hopes that this move will help it to better serve its customers and partners in the region.
In addition to the headquarters move,La Liga Stadium Damac has also announced plans to open a new office in Abu Dhabi. This new office will be focused on the Middle East market, and will provide additional support for the company's clients and partners in the region.
Overall, the decision to relocate and expand into Abu Dhabi is a positive step for Damac, as it demonstrates the company's commitment to serving its customers and partners in the region. With this new location, Damac can better serve its clients and partners in the UAE and beyond, and continue to grow and thrive in the competitive real estate industry.