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Press releases

The latest press releases from DAMAC Properties

DAMAC awards infrastructure works contract at AKOYA Oxygen to CSCEC as construction spend tops AED 5.6 billion

Sun, 2018-06-10 11:51

Latest contract for AED 72 million will see China State Construction Engineering Corporation complete infrastructure work for 1,623 villas at AKOYA Oxygen

Foundation work set at DAMAC’s AYKON City multi-tower master development

Thu, 2018-05-31 12:56

DAMAC speeds ahead with iconic development overlooking the Dubai Canal

DAMAC Properties reports revenue of AED 1.9 billion and net profit of AED 484 million in the first three months of 2018

Tue, 2018-05-15 16:32

DAMAC Properties Dubai Co. PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), announced financial results for the first quarter of 2018, reporting total revenue of AED 1.9 billion, with booked sales reported at AED 1.6 billion, largely in line with AED 1.5 billion recorded in Q4 2017. 

DAMAC Towers by Paramount nears completion while logging 25 million safe worker hours

Mon, 2018-05-14 16:24

Almost 2,000 days of incident-free work during construction of DAMAC’s four-tower master development 

DAMAC’s Tower 108 at Jumeirah Village Circle enters final stages of completion

Wed, 2018-05-02 15:56

DAMAC Properties announced that its 34-storey Tower 108 building in the heart of Jumeirah Village Circle is in the final stages of completion as it prepares to begin delivery later this year.

DAMAC supports the International Real Estate Federation’s 69th Conference to be held for the first time in the Middle East

Mon, 2018-04-30 15:29

Under the theme ‘Happy Cities’, Dubai hosts first FIABCI World Congress 2018 to be held in MENA and will see over 1,500 participants from 70 countries

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

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

Bayt.com 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 Bayt.com 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.