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
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
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
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
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
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
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
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
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).
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