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Damac awards Dubai luxury tower construction deal
(Trade Arabia - 28/02/2018)

Leading luxury property developer Damac Properties has awarded a Dh600 million ($163.3 million) contract to China State Construction Engineering Corporation for the construction of one of the towers at Aykon City, premier luxury master development coming

Damac to experience 'cash flow pressure' in 2018, says EFG Hermes
(The National - 23/02/2018)

Operational and financial challenges at Damac Properties, one of the UAE's biggest listed real estate developers, are expected to continue this year after the company reported a 25 per cent drop in full-year net profit for 2017, a report from EFG Hermes

DAMAC Properties reports net profit of AED 2.8 billion
(Press Release - 14/02/2018)

DAMAC Properties Dubai Co., 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.<br/><br/> DAMAC also announced it has delivered 20,236 units as of

Damac awards construction contracts
(The Gulf Today - 12/02/2018)

Damac Properties has awarded, among others, a construction contract to Emirates Electrical Engineering LLC (EEE) for a third 132/11KV substation at its 55 million square foot master community, AKOYA Oxygen. The new substation will feed power to a further

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