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Company News - DAMAC Properties
DAMAC Awards Approximately AED 100 Million Construction Contracts As It Accelerates Development At AKOYA Oxygen (11 February 2018)
DAMAC Properties has awarded, among others, a construction contract to Emirates Electrical Engineering LLC (EEE) for a third 132/11KV substation at its 55 million square foot master community, AKOYA Oxygen.

DAMAC Properties Launches Sahara Villas To Pay Tribute To Rich Heritage Of Region (4 December 2017)
DAMAC Properties, a leading luxury real estate developer in the region, announces the launch of Sahara Villas, within an international golf community and at the heart of Dubailand.

DAMAC Properties Holds Special Sales Event For Range Of Villas Across AKOYA Oxygen Development (19 November 2017)
DAMAC Properties, a leading luxury real estate developer in the region, announces a special one-day sales event on a selection of its luxury villas at AKOYA Oxygen.

UAE Property Developer DAMAC Ranks First On Forbes Global 2000 List Of Fastest Growing Companies Worldwide (31 October 2017)
The Forbes list was created in collaboration with Statista, a leading portal providing online statistics, market research and business intelligence, and is based on four metrics - sales, profit, assets and market value.

Mohammed bin Rashid thanks DAMAC Foundation for sponsoring ’1 Million Arab Coders Initiative’ (26 October 2017)
The UAE private sector institutions are key partners in development and play an active role in building tomorrow’s societies, said the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum.

DAMAC Properties Launches Vera Residences Offering Urban Living At Its Finest (25 October 2017)
DAMAC Properties, a leading luxury real estate developer in the region, announces the launch of Vera Residences, luxury apartments in the ever-popular Business Bay with breathtaking views of Dubai Canal. Strategically placed at the epicentre of one of Dubai’s business hot-spots.

DAMAC Properties Launches ’Skyview Levels’ At ’Golf Vita’ With Epic Views Of Park And Fairways (10 October 2017)
’DAMAC Properties’, a leading luxury real estate developer in the region, announces the launch of ’Skyview Levels’ at ’Golf Vita’ residential tower, exclusive luxury apartments offering breathtaking views of the ’Trump International Golf Club Dubai’.

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.


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