Press releases

The latest press releases from DAMAC Properties 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 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.

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

Wed, 2018-03-07 12:15

DAMAC has awarded over AED 1.4 billion in construction contracts at AKOYA 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 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 


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