Damac Real Estate Development Limited, DIFC
Damac Real Estate Development Limited, commonly referred to as Damac Properties, is a leading luxury real estate developer headquartered in the Dubai International Financial Centre (DIFC), United Arab Emirates. Established in 2002, the company has made significant strides in the property development sector, focusing on residential, commercial, and leisure properties across the Middle East and beyond.
Damac is renowned for its high-end residential projects, including villas, apartments, and hotels, often featuring unique architectural designs and premium amenities. The company has achieved notable milestones, such as partnerships with global brands and a strong presence in luxury markets. With a commitment to quality and innovation, Damac Properties continues to solidify its position as a key player in the real estate industry, consistently delivering exceptional value to its clients and investors.
-15 vs industry average
Damac Real Estate Development Limited, DIFC’s score of 13 is lower than 39% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 42% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Damac Real Estate Development Limited, DIFC's reported carbon emissions
In 2024, Damac Real Estate Development Limited, DIFC reported total emissions of approximately 117,915,000 kg CO2e, comprising 1,242,000 kg CO2e from Scope 1 and 115,715,000 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. Comparatively, in 2023, the total emissions were approximately 120,752,000 kg CO2e, with Scope 1 emissions at 1,689,000 kg CO2e and Scope 2 emissions at 118,862,000 kg CO2e. This reflects a slight reduction in total emissions year-on-year. Damac Real Estate Development Limited, DIFC has not set specific reduction targets or climate pledges, and there are no initiatives reported under the Science Based Targets initiative (SBTi) or other climate frameworks. The emissions data is cascaded from the parent company, Damac Real Estate Development Limited, DIFC, indicating a corporate family relationship that may influence their climate commitments and reporting practices. Overall, while Damac Real Estate Development Limited, DIFC has made strides in emissions reporting, the absence of comprehensive Scope 3 data and formal reduction targets suggests opportunities for enhanced climate action and transparency in the future.
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Damac Real Estate Development Limited, DIFC’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Damac Real Estate Development Limited, DIFC yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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