Red Bull Racing, the Formula 1 (F1) motor racing team, has announced a long-term global partnership with Damac Properties, the UAE-based private real estate developer.

The deal makes the Middle Eastern company Red Bull Racing's exclusive real estate development partner.

Through the agreement, Damac Properties branding will appear on the Red Bull Racing RB22 car’s halo and side pods, as well as the team principal and driver team kit, helmets, and race suits.

Laurent Mekies, CEO and team principal of Red Bull Racing, said: “Partnering with Damac Properties is an exciting moment for Oracle Red Bull Racing. We believe that the partnership will open avenues for stronger global engagement and create meaningful impact for both organisations.

Ali Sajwani, managing director of operations, finance, & hospitality at Damac Properties, added: “Formula 1 has always been a passion of mine, and I deeply understand both the scale and global influence of this industry.

“At Damac, we are constantly seeking partnerships that are distinctive, powerful, and aligned with our ambition to be a trendsetter in the market. Oracle Red Bull Racing is a perfect fit for us. This partnership reflects our mindset as a business and our vision for the future.”

Damac Properties will serve as a second-tier global partner of Red Bull Racing, alongside Tag Heuer, Rokit, Mobil1, Visa, Ford Racing, Carlyle, AT&T, and Gate.io.

They all sit below the UK-based team’s title partner, Oracle.

Damac Properties’ most prominent sports tie-up came in April last year when the real estate company agreed a long-term global partnership with English Premier League soccer club Chelsea.

The firm serves as the official property development partner of Chelsea and featured on the front of the shirts for the men’s and women’s teams for the final few games of the 2024-25 season.  

Ahead of the upcoming 2026 F1 season, Red Bull Racing also recently signed up male-oriented hair care brand Clear as a sponsor.