Press releases

The latest press releases from DAMAC Properties

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

DAMAC delivers £175m vote of confidence in UK as a continuing attractive location for international investment

Tue, 2019-04-16 12:04

In a clear demonstration of the United Kingdom’s attractiveness as a long-term destination for foreign direct investment, DAMAC International has secured a development financing package of £175m 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 2018 Financial Results

Sun, 2019-03-31 08:55

Hands over record number of residential units since inception

Community Skatepark Opens in DAMAC Hills

Tue, 2019-02-19 10:13

Offering a 2,000 square metre haven for residents and skate culture enthusiasts