Luxury developer Damac Properties said its 94-level tower ‘Damac Heights’ in Dubai Marina area has been topped out. On completion next year, it will be the seventh tallest residential tower in the UAE.
Luxury project developer Damac Properties has joined forces with Qfang, one of China's biggest real estate and financial services companies, to boost its operations in Southern China.
The companies signed the strategic agreeme
UAE-based Damac Properties said it has reaffirmed its position as one of the leading luxury real estate developers in the region, with nine award wins at the Arabian Property Awards hosted in Dubai recently.
The company was recogn
Damac Properties, a leading developer of high-end property in the Middle East, said it has registered a net profit of Dh3.67 billion ($1 billion) in the first nine months, up 43 per cent over the same period last year.
Overnight stays in UAE hotels are expected to reach 51.5 million by the end of this year; up 5.7 per cent on 2014, said a report.
According to a Business Monitor International report the trend is set to continue over the next thre
Luxury real estate developer Damac Properties said the work at its Esclusiva and Damac Tower by Paramount Hotels and Resorts projects on King Fahd Road in Riyadh was progressing as per schedule with 75 per cent of the cladding work completed.
Luxury project developer Damac Properties has raised serious concerns over the real estate supply fallacy spread by several consultancies in the region who have a 'vested interest' in the presentation of the numbers.
The current market conditions in Dubai, UAE, are conducive to sustained investment, with real estate prices almost 25 per cent below the 2008 peak, said an industry expert citing a recent report in the Financial Times.
Luxury real estate developer Damac Properties is heading on a month-long global roadshow to promote Dubai, UAE, and highlight the strong business environment for overseas investment.
Taking place on three continents, the campaign
Dubai's Damac Properties said on Tuesday that it has raised $100 million through private placement of 18-month sukuk certificates.
The certificates, rated BB by Standard & Poors, were issued by its unit Damac Real Estate D