Press releases

The latest press releases from DAMAC Properties

DAMAC Properties reports revenue of AED 1.9 billion and sales of AED 1.8 billion in the first half of 2019

Wed, 2019-08-14 09:46

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), announced financial results for the first half of 2019, reporting a total revenue of AED 1.9 billion, with booked sales reported at AED 1.8 billion.

Mina Al Sultan Qaboos Waterfront Project Gains Traction With Construction Set To Begin In November 2019

Sun, 2019-07-07 14:39

The transformation of the historical Mina Al Sultan Qaboos waterfront area is progressing rapidly as the project completes several preparatory activities in accordance with the project masterplan that has been approved by the Ministry of Tourism and Ministry of Housing in Oman.

DAMAC Welcomes the First Residents of AKOYA

Mon, 2019-07-01 14:32

DAMAC Properties has commenced handovers at the ‘Claret’ cluster of its landmark 55 million square-feet master development, AKOYA. Claret, which consists of 315 townhouses, is nestled amidst lush green surroundings and world-class amenities. 

DAMAC launches luxury homes in Business Bay at only AED 6,999 per month

Wed, 2019-06-19 14:46

DAMAC Properties announced the launch of its new project, ‘Zada’, in Dubai’s Business Bay area. Priced at AED 699,999, the exquisitely designed one-bedroom apartments offer views of the iconic Dubai Canal.

DAMAC hands over Ghalia, its first Sharia compliant development

Thu, 2019-05-30 10:26

Ghalia, DAMAC’s first Sharia compliant offering  welcomes residents as the project enters the handover phase. The development houses 727 fully furnished, luxury apartments and is located in the heart of the Jumeirah Village Circle community.

DAMAC Properties reports revenue of AED 896 million and sales of AED 1.2 billion in the first quarter of 2019

Wed, 2019-05-15 12:33

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), announced financial results for the first quarter of 2019, reporting total revenue of AED 896 million, with booked sales reported at AED 1.2 billion, 15% higher than AED 1 billion recorded in Q4 2018.

MaSQ to welcome neighbours and international visitors to discover the future of the region’s largest waterfront transformation

Tue, 2019-05-14 10:09

Mina Al Sultan Qaboos’ (MaSQ) on-site discovery centre is currently being outfitted, and will soon open its doors to the public, announced DAMAC International, a leading regional developer. 

ATM 2019: DAMAC Decodes the Growing Popularity of its Hospitality Offerings

Wed, 2019-05-01 15:08

To deliver additional 1,762 hotel residence units in 2019

ATM 2019: DAMAC Announces Partnership with Rotana

Sun, 2019-04-28 15:43

DAMAC’s flagship luxury hotel apartment, DAMAC Towers Riyadh, to be operated as Arjaan Hotel Apartments by Rotana

DAMAC awards contracts worth AED 430 million

Thu, 2019-04-25 14:33

Insider’s look at leading regional developer’s first quarter of 2019