Press releases

The latest press releases from DAMAC Properties

DAMAC targets 15,000 hotel units in operation by 2021, bolstering its hospitality offering in preparation for Expo 2020 demand

Tue, 2018-04-24 16:48

Dubai, UAE – 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.

DAMAC Chairman sees innovation as catalyst for sector growth in the run up to EXPO 2020

Tue, 2018-04-17 18:29

Speaking ahead of Arabian Travel Market, Sajwani shares perspectives on how one of the world’s top holiday and business destinations will welcome 20 million visitors by 2020 survey reveals 74 percent of IT professionals see Internet of Things, mobile, virtual and augmented reality as jobs of the future

Sun, 2018-03-25 16:24

One Million Arab Coders Initiative partners Hussain Sajwani-DAMAC Foundation and collaborate on defining industry trends driving demand for future jobs

DAMAC issues enabling works tender for its VERA Residences tower in Business Bay

Mon, 2018-03-19 11:54

DAMAC Properties has issued a new tender for enabling works on its VERA Residences, a luxurious 30-storey tower in the heart of Business Bay, with elegantly appointed interiors, world-class amenities, and breath-taking views of Dubai Canal.

DAMAC to tender construction of a second tower at its AYKON City master development

Mon, 2018-03-12 15:14

Tender follows AED 600 million contract award in February for one of the AYKON City towers; tender winner will construct 1.7 million square feet of built up area

DAMAC awards AED 424 million construction contract to Arabtec to build additional villa clusters at AKOYA Oxygen

Wed, 2018-03-07 12:15

DAMAC has awarded over AED 1.4 billion in construction contracts at AKOYA Oxygen in the last 6 months

A Weekend of Food, Fun and Festivities Comes to DAMAC Hills Amphitheater in March

Wed, 2018-02-28 13:22

DAMAC Hills to host three-day ’Fun and Food Fiesta’ to bring the community together for a fun-filled family weekend

DAMAC awards AED 600 million construction contract for one tower at its AYKON City master development

Tue, 2018-02-27 09:57

China State Construction Engineering Corporation (CSCEC) selected to oversee construction at the award-winning development project in the heart of Dubai

DAMAC Properties deliveries surpass 20,000 unit milestone as it reports net profit of AED 2.8 billion and booked sales of AED 7.5 billion for FY 2017

Wed, 2018-02-14 10:02

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), announced financial results for year ended 2017, reporting total revenue of AED 7.5 billion, a 4 % increase over last year and net profit of AED 2.8 billion. 

DAMAC awards approximately AED 100 million construction contracts as it accelerates development at AKOYA Oxygen

Sun, 2018-02-11 18:02

Emirates Electrical Engineering LLC to build 3rd substation to power a further 2,888 villas and 855 apartments at DAMAC’s flagship master community