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Damac's 2017 revenue surges 4pc to $2.04bnDamac Properties, a leading player in the UAE luxury real estate development sector, has reported a total revenue of Dh7.5 billion ($2.04 billion) for 2017, up four per cent over last year besides clocking a net profit of Dh2.8 billion ($762 mil More… |
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Damac H1 net profit hits $435m; booked sales top $1bnDamac Properties Dubai Company, a leading property developer in the Middle East, has announced a total revenue of Dh3.5 billion ($953 million) and a net profit of Dh1.6 billion ($435.61 million) for the first half of this year. As More… |
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Damac Properties seals e-tendering agreementDamac Properties, a leading luxury developer based in Dubai, UAE said it has entered into a three-year e-tendering agreement with professional e-tendering platform ProTenders.com. ProTenders was specifically chosen in order to str More… |
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Damac awards $343m contracts in four monthsDubai-based developer Damac Properties has awarded 15 major construction and consultancy contracts valued at Dh1.26 billion ($343 million) during the period between August and November 2016, bringing the total value of contracts awarded so far i More… |
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Damac Properties Q2 net profit drops 37.4pcDubai's Damac Properties reported a 37.4 per cent fall in second-quarter net profit on Sunday. The developer reported a net profit of Dh886.8 million ($241.4 million) for the three months to June 30, according to a statement t More… |
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Damac awards $817m contracts in H1Damac Properties, a leading luxury real estate developer in the UAE, said it had awarded 25 construction and consultancy contracts worth Dh3 billion ($817 million) in the first half of 2016. The contract awarded include the main p More… |
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Damac offers phase 2 of luxury hotel apartmentsDubai-based Damac Properties has announced the release of the second phase of luxury hotel apartments in Ghalia following a sold-out phase one. Ghalia offers the first certified Sharia-compliant serviced hotel apartments, with con More… |
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Damac unveils six-tower luxury project in DubaiLuxury real estate developer Damac Properties has launched 'Aykon City', a massive six-tower luxury project on the Sheikh Zayed Road overlooking the Dubai Canal. The major new project, destined to become another icon of Du More… |
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Damac Properties buys $343m land in DubaiDubai-based developer Damac Properties has purchased land in Dubai for Dh1.26 billion ($343.1 million), it said in a statement on Thursday. The plots, located on the eastern and western sides of Sheikh Zayed Road close to the emir More… |
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Damac backs Dubai Sustainable Cities SummitLuxury real estate developer Damac Properties has entered strategic partnership with Dubai Land Department for its Dubai Sustainable Cities Summit (DSCS) to be held on December 17 at Jumeirah Beach Hotel, Dubai, UAE. The event wil More… |
