Press releases

The latest press releases from DAMAC Properties

DAMAC Properties Awards China State Construction Engineering Corporation AED 554 Million Contract for Paramount Tower Hotel and Residences

November 2, 2016

DAMAC Properties today announced that it has awarded China State Construction Engineering Corporation (Middle East) LLC (‘China Construction’) a AED 554 million contract to build the Paramount Residences at the Paramount Tower Hotel and Residences in Dubai.

DAMAC Properties Unveils AKOYA Fresh for First-Time Home Buyers

October 29, 2016

3-bedroom villa for AED 1.2 million in an international golf community ideal for first-time buyers, newly-weds or those welcoming first child. Guaranteed full ownership with plot title deed for each villa

DAMAC Properties Shares Obtain Sharia Compliance Certification from Dar Al Sharia

October 18, 2016

Dar Al Sharia Islamic Finance Consultancy LLC has recently confirmed that the shares of DAMAC Properties are Sharia-compliant for the purposes of investment and trading.

First Ever Project in Dubai South Completed

October 12, 2016

DAMAC Properties hands over hospitality units in Dubai South presenting an early investment opportunity of high returns leading up to and during Expo 2020 Dubai.

From Breathtaking Canal views to Golf courses, DAMAC Properties Offers Investors the Best of Both Worlds with Diverse Hotel Apartments Offering

October 10, 2016

Vacation homes and investment opportunity await investors; serviced and furnished hospitality units in DAMAC Maison Privé and DAMAC Maison de Ville Artesia.

‘Where I see myself’ - DAMAC Properties Introduces AKOYA Selfie

October 5, 2016

Stylish 3-bedroom villas present young professionals, couples and families with a refreshing way of life in a vibrant golf community priced at AED 1.2 million payable over  three years plus plot title deed with every villa.

DAMAC Hotels & Resorts Selects InnSpire for Approximately 4000 Hotel Units

October 3, 2016

Hospitality operator inks exclusive agreement for guest engagement solutions to provide superior guest experience.

DAMAC Properties Scoops Industry Awards at Africa and Arabia Property Awards

September 27, 2016

AYKON City and AKOYA by DAMAC receive mark of excellence at 25th edition of coveted industry award.

DAMAC Properties Thanks Investors and Customers for a Record-Breaking Response to the Developer’s Launches and Offers during Cityscape Global 2016

September 9, 2016

DAMAC Properties, the leading luxury real estate developer in the Middle East, has today thanked all of its customers, investors and business partners for their patronage and support during Cityscape Global 2016.

DAMAC Properties Launches AKOYA Cuatro Villas in the Heart of International Golf Community

September 8, 2016

4-bedroom villas starting at AED 1.6 million with plot title deed and payment plans extended over 3 years.