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Company News - DAMAC Properties
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.

DAMAC Properties Announces 10 Projects With Combined Value In Excess Of AED 13 Billion So Far In 2016 (5 September 2016)
DAMAC Properties today announced it had launched ten major projects so far in 2016 with a combined value in excess of AED 13 billion. The announcement coincided with Cityscape Global 2016 taking place from 6 - 8 September at the Dubai World Trade Centre.

DAMAC Properties Dubai Reports Net Profit Of AED 1.94 Billion In First Half Of 2016 (14 August 2016)
DAMAC Properties announced today its financial results for the six months ending 30th June 2016.

DAMAC Properties Introduces AKOYA Imagine Targeting Millennials (3 July 2016)
DAMAC Properties today unveiled AKOYA Imagine, a cluster of homes surrounded by the lush greens and fairways of the international golf course.

DAMAC Properties Showcases Full-Fledged Array Of Hospitality Brands At ATM 2016 (24 April 2016)
In just two years since its inception, DAMAC Hotels & Resorts, the hospitality arm of luxury real estate developer, DAMAC Properties , has announced that the number of its keys across the GCC will reach 15,000 by 2021.

Damac Announces Plan For Three New Dubai Hotels (3 February 2016)
Damac Properties has announced it will open three new hotels over the course of 2016, providing 900 new hotel rooms.

DAMAC Properties Partners With Dubai Land Department To Host Urban Thinkers Campus (7 January 2016)
DAMAC Properties has announced a strategic partnership with Dubai Real Estate Institute, DREI, the knowledge arm of the Dubai Land Department, DLD, for its Urban Thinkers Campus, one of 28 campuses worldwide, to be held at Meydan Hotel on 10th and 11th of January, 2016.

Damac Properties Promotion Back For Dubai Shopping Festival 2016 (3 January 2016)
The DSF promotion is offering new buyers of selected villas or apartments in Dubai the opportunity to live a full luxury lifestyle.

DAMAC Properties’ Damac Heights Topped Out (29 November 2015)
Luxury real estate developer DAMAC Properties, has announced its iconic 94-level tower ’DAMAC Heights’, set in the prestigious Dubai Marina area, has been topped out.

DAMAC Real Estate Development Limited Issues A USD 100 Million Private Placement 18-Month Sukuk (22 September 2015)
DAMAC Real Estate Development Limited, DRED, a 100 percent owned company of DAMAC Properties Dubai, a leading developer of high-end and luxury residential property in the Middle East.


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