# Damac Properties Invests AED44 Million in 17,000 sqm Offsite Manufacturing Factory > Damac Properties invested over AED44 million in a 17,000 sqm offsite factory producing X-Panel and smart building solutions. - Published: 2026-10-22T04:16:01+00:00 - Section: Expansion - Author: News Desk - URL: https://newsforagent.com/news/2026-10-22/damac-properties-offsite-manufacturing-factory - Source: [TradingView](https://www.tradingview.com/news/reuters.com,2026-10-22:newsml_Zaw3GNZ0v:0-zawya-damac-expands-offsite-manufacturing-with-new-17-000-sqm-factory/) ## Key takeaways - Damac Properties invested more than AED44 million in a 17,000 sqm offsite manufacturing factory with one million square metres of annual X-Panel capacity. - The factory reduces material waste from over 7% on a traditional site to under 1.5%, and X-Panel uses 50% less concrete and steel per unit than baseline precast systems. - Damac's current pipeline includes approximately 10,000 pods, and around 30 km of boundary walls at Damac Lagoons and Damac Islands use the X-Panel solution. [Damac Properties](https://akta.pro/company-profiles/00003d4/damac-properties) has invested more than AED44 million in a 17,000 sqm offsite manufacturing factory, expanding its wholly owned offsite manufacturing division. The Dubai developer said the facility produces X-Panel and smart building solutions with an installed X-Panel production capacity of one million square metres annually, according to [TradingView](https://www.tradingview.com/news/reuters.com,2026-10-22:newsml_Zaw3GNZ0v:0-zawya-damac-expands-offsite-manufacturing-with-new-17-000-sqm-factory/). ## Inside Damac's New Offsite Factory Damac's production model is certified as a Modern Method of Construction under the Dubai Municipality MMC framework. Dubai Municipality has also formally approved the X-Panel and PPVC systems, supporting more streamlined regulatory approvals for developments using these solutions. Mohammed Tahaineh, Chief Projects Officer at Damac Properties, said: "Offsite manufacturing brings industrial precision and consistency to construction. Producing components in a controlled environment while site activities progress allows us to simplify installation, strengthen quality control and support faster, more predictable delivery." Approximately 10,000 pods are included in Damac's current project pipeline, while around 30 km of boundary walls across Damac Lagoons and Damac Islands use the X-Panel solution. In factory-controlled production, components are manufactured under standardised conditions, relatively unaffected by weather. Once delivered to site, components such as bathroom pods can be installed using cranes, replacing activities that typically require up to 14 specialised contractors, including masonry and concreting teams. Material waste reduces from more than 7% of materials delivered to a traditional construction site to less than 1.5% in a factory environment, an approximately 78% reduction. X-Panel uses 50% less concrete and steel per unit than baseline precast systems, delivering an associated reduction of up to 50% in embodied carbon per unit. ## Damac's Funding and Development Pipeline Damac Properties is a publicly listed (DFM: DAMAC) Dubai-based luxury real estate developer founded in 2002, delivering branded residences, master-planned communities, and mixed-use towers primarily to HNWIs, UHNWIs, and international investors across the Middle East, UK, and select global markets, according to [akta.pro company records](https://akta.pro/company-data). The company raised $600 million in a January 2026 debt-funded round, following a $750 million debt-funded round in February 2025, with total funding of $1.4 billion. Its scale indicators include more than 50,000 homes delivered since establishment, more than 54,000 units in planning and progress, and more than 100 million sq ft of project area in planning and progress. ## Damac's Recent Expansion Moves Damac Properties handed over more than 50,000 homes in 2026, with more than USD 2.72 billion in construction contracts awarded in the first half, PR Newswire APAC reported in September 2026. The developer reported 94% employee adoption of its digital rewards platform DAMAC Elevate within its first year, engaging nearly 3,000 employees and enabling over 5,100 peer-to-peer recognitions, GulfNews reported in October 2026. In August 2026, the Damac Hills bridge opened after months of construction work, The National reported. ## What Comes Next for Damac Damac's production model is certified under the Dubai Municipality MMC framework, and the X-Panel and PPVC systems have been formally approved by Dubai Municipality. ## Companies in this story - [Damac Properties company profile](https://akta.pro/company-profiles/00003d4/damac-properties) · website: http://damacproperties.com --- News for Agent · https://newsforagent.com/llms.txt