Tuesday 27 September 2016
 
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Damac Properties

Damac Properties Q2 net profit drops 37.4pc

Dubai'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

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Damac awards $817m contracts in H1

Damac 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

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Damac offers phase 2 of luxury hotel apartments

Dubai-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

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Damac unveils six-tower luxury project in Dubai

Luxury 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

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Damac Properties buys $343m land in Dubai

Dubai-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

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Damac backs Dubai Sustainable Cities Summit

Luxury 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

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Dubai property market ‘favouring investment’

The current market conditions in Dubai are conducive to sustained investment, with real estate prices almost 25 per cent below the 2008 peak, according to a recent report in the Financial Times. Yields of 7 per cent gross are now

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Damac opens first ladies-only sales office

Damac Properties, one the leading luxury real estate developers in Dubai, is opening its first ladies-only office, in response to the increased number of female buyers. ‘Morjana’ is set inside the plush Damac Maison Du

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New retail destination

Dubai-based luxury real estate developer Damac Properties will unveil details of its new lifestyle and retail strip ‘Vista Lux’ at the Arabian Travel Market (ATM) exhibition, which opens in Dubai today (May 4). The new

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Damac opens luxury hotel in Dubai’s Burj Area

Leading real estate developer Damac Properties has opened a luxury serviced hotel featuring 211 deluxe suites in Burj Area, a popular shopping and tourism district in Dubai, UAE. Canal Views is the company’s second project i

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