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Company News - DAMAC Properties
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.

DAMAC Awards AED 600 Million Construction Contract For One Tower At Its AYKON City Master Development (27 February 2018)
DAMAC Properties has awarded a construction contract worth approximately AED 600 million to China State Construction Engineering Corporation (CSCEC) for the construction of one of the towers at AYKON City, DAMAC’s premiere luxury master development on Sheikh Zayed Roadoverlooking Dubai Canal.

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.


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