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Company News - DAMAC Properties
DAMAC Properties Scoops 5 Awards And Two International Nominations At The Africa And Arabia Property Awards 2017 (25 September 2017)
DAMAC Properties, a leading luxury real estate developer in the region, collected five awards at the Arabian Property Awards held recently in Dubai.

DAMAC Maison Royale The Distinction Redefines The Luxury Hotel Apartment Experience As It Opens Doors To Visitors (18 September 2017)
Ultra-luxury hotel property combines contemporary styles with Arabic-infused opulence; sixth hotel managed by DAMAC’s hospitality arm.

DAMAC Properties Reports Net Profit Of AED880 Million In Q1 2017 (15 May 2017)
DAMAC Properties Dubai today announced the financial results for the first three months ending 31st March 2017 with recorded revenues at AED1.95 billion and gross profit margins at 54 percent.

DAMAC Properties Rings Bell To Celebrate Listing Of USD 500 Million Sukuk On Nasdaq Dubai (4 May 2017)
Hussain Sajwani, Chairman of DAMAC Properties, today rang the market opening bell to celebrate the listing of a 500 million US dollar Sukuk, issued by DAMAC Real Estate Development Limited (DRED), on Nasdaq Dubai. DRED is a wholly owned subsidiary of DAMAC Properties PJSC.

DAMAC Properties rings bell to celebrate listing of US$500m Sukuk on Nasdaq Dubai (4 May 2017)
Hussain Sajwani, Chairman of DAMAC Properties, today rang the market opening bell to celebrate the listing of US$500 million Sukuk.

DAMAC Properties Launches New Residential Units at AYKON City Overlooking Dubai Canal (17 April 2017)
With two-bedroom apartments starting from AED 1.3 million through a payment plan spanning six years, The Residences at AYKON City will go on sale in Dubai on Wednesday, April 19 at Jumeirah Emirates Towers, Godolphin Ballroom from 5pm to 10pm.

Noor Bank Partners with DAMAC Properties to Offer Home Financing on Select Luxury Residential Units (6 March 2017)
Under the collaboration, Noor Bank is set to provide preferential terms for end-user financing to resident as well as non-resident clients.

DAMAC properties launches high-end boutique villas for Aficionados of glamour and luxury living (4 January 2017)
DAMAC Properties launched the Kensington Boutique Villas at AKOYA Oxygen in addition to Beverly Hills Boutique Villas at AKOYA by DAMAC.

DAMAC Properties Awards 15 Major Contracts Worth AED 1.26 Billion from August to November 2016 (13 December 2016)
DAMAC Properties today announced that it has awarded 15 major construction and consultancy contracts valued at AED 1.26 billion during the period between August and November 2016.

Dubai’s DAMAC Hotels & Resorts Selects InnSpire for Approximately 4,000 Hotel Units (4 October 2016)
DAMAC Properties’ hospitality portfolio will extend to reach around 15,000 units of hotel rooms, serviced hotel apartments and serviced villas by 2021.

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