damac
DAMAC Properties Dubai today announced its final financial results for the year ended 31st December, 2018. The company reported total revenue of AED6.1 billion, while net profit stood at AED1.15 billion. Booked sales for the same period were reported at AED4.3 billion, total assets stood at AED25.2 billion, while shareholders’ equity amounted to AED14.1 billion,…
Damac Properties recorded an improvement in revenues in the first six months, at Dh3.7 billion against the Dh3.5 billion in the first half of 2017. But there was a sharp decline in net profit to Dh862 million from first-half last year’s Dh1.6 billion. Gross profit for the first half of 2018 was Dh1.4 billion. The…
Damac Properties is presenting five of its flagship properties at the ongoing Luxury Property Show Beijing. The developer is showcasing the Golf and Greens apartments at Damac Hills and the Damac Residenze on Palm Jumeirah, both available now, the Maison Prive and Damac Towers, due for delivery this year, and Aykon City, due for delivery…
Damac Towers by Paramount nearing completion Damac Properties, a leading luxury property developer, said its four-tower master development Damac Towers by Paramount, is nearing completion, after logging a record 25 million safe worker hours, eight times more than the industry average of 3 million hours. The record marks almost 2,000 days of incident-free work, a…
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