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Press releases

The latest press releases from DAMAC Properties

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

One Million Arab Coders Initiative sees first 100,000 students begin their learning journey on Udacity’s online platform

Wed, 2018-02-07 10:58

Over 450,000 students from 12 Arab countries have already registered with more than 217,000 and 10,000 tutors already completing their application process 

DAMAC offers luxury living with epic canal views at Reva Residences in Business Bay

Tue, 2018-01-23 14:59

Reva Residences combines affordability and luxury with spectacular Canal views, just minutes from Dubai’s busiest shopping and entertainment hub.

DAMAC’s Hussain Sajwani to speak on the digital skills imperative at World Economic Forum in Davos

Tue, 2018-01-16 13:04

“Innovation and rapid digitalization are creating a pressing need to address ICT skills gaps globally,” says Sajwani 

DAMAC Properties’ Dubai Shopping Festival Car Promotion Back with Tesla Guaranteed

Sun, 2017-12-17 16:23

Buy a dream home and drive away in a dream car