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Company News - DAMAC Properties
DAMAC Properties Reports Revenue Of AED2.8 Billion In First Nine Months 2019 (13 November 2019)
DAMAC Properties Dubai Co. has announced its financial results for the nine months of 2019, reporting a total revenue of AED2.8 billion, with booked sales reported at AED2.4 billion.

DAMAC Awards Contracts Worth AED430 Million (25 April 2019)
DAMAC Properties has announced the awarding of multiple contracts worth AED430 million, as it moves ahead with key UAE projects.

DAMAC Delivers GBP175 Million Vote Of Confidence In UK (13 April 2019)
DAMAC International has secured a development financing package of GBP175 million for London’s landmark project, DAMAC Tower at Nine Elms. The partnership marks a major vote of confidence in the United Kingdom, at a time of heightened political and economic uncertainty.

DAMAC Properties Announces AED6.1 Billion Total Revenues (28 March 2019)
DAMAC Properties Dubai today announced its final financial results for the year ended 31st December, 2018. The company reported total revenue of AED6.1 billion, while net profit stood at AED1.15 billion.

Global Partnership Signed Between Roberto Cavalli And DAMAC Properties Founder, Hussain Sajwani (2 October 2018)
DICO International, the strategic investment arm of DAMAC Properties Chairman and founder, Hussain Sajwani, has signed an international hospitality partnership with global fashion house, Roberto Cavalli Group.

Allsopp & Allsopp Form Partnership With DAMAC Properties (23 September 2018)
Allsopp & Allsopp are forming a partnership with DAMAC to bring their clients a bespoke service which offers vast property options at competitive prices.

DAMAC Awards Infrastructure Works Contract At AKOYA Oxygen To CSCEC As Construction Spend Tops AED 5.6 Billion (10 June 2018)
DAMAC Properties has awarded China State Construction Engineering Corporation (CSCEC) with an AED 72 million construction contract for major road and infrastructure work at AKOYA Oxygen.

DAMAC Properties Rings Bell To Celebrate Listing Of USD 400 Million Sukuk On Nasdaq Dubai (13 May 2018)
Adil Taqi, Group Chief Financial Officer of DAMAC Properties, today rang the market opening bell to celebrate the listing of a 400 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 Targets 15,000 Hotel Units In Operation By 2021, Bolstering Its Hospitality Offering In Preparation For Expo 2020 Demand (24 April 2018)
DAMAC Hotels & Resorts, the hospitality arm of DAMAC, is looking to boost its current portfolio of around 1,700 hotel units over the next 3 years, with the aim of delivering 15,000 units by 2021.

Nasdaq Dubai Welcomes Two Sukuk Listed By Sharjah Islamic Bank And DAMAC Properties (18 April 2018)
SIB supplies a broad range of Sharia’a-compliant retail, corporate and investment services through its networks across the country, including asset management and international banking, serving individual and institutional clients.


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