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Damac Properties' Q1 net profit plunges 45pcDamac Properties, a leading luxury property developer, posted a 45 per cent drop in its net profit for the first three months of the year which fell to Dh484 million ($131.7 million) from Dh880.4 million ($240 million) for the same period last y More… |
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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… |
