Damac says $229mn financing for London tower is a ‘major vote of confidence’ in the UK

Damac Properties has announced that they have secured a bank loan of $229 million for its landmark project in London called Damac...

Construction

Damac considers Neom as it eyes further expansion in KSA

Hussain Sajwani, chairman of Damac Properties, has said that the Dubai-based developer is scouting for additional plots of land in the Kingdom...

Construction

Arabtec Construction secures contracts worth $169mn for construction of residential projects

Arabtec Construction, a subsidiary of UAE-based contracting group Arabtec Holding, has won two new contracts worth $169 million for construction of residential...

Construction

Damac says first Sharia-compliant project enters final stages of completion

Damac, the Dubai-based property developer, has said that its first Sharia-compliant tower project – the one million square foot Ghalia tower in...

Construction

Damac completes raft foundation for tower B at Aykon City

Damac Properties has completed the raft foundation work for tower B at Aykon City, its four million sqft master development located on...

Construction

DAMAC Properties awards $115m contract for AKOYA Oxygen

DAMAC Properties has announced that it has awarded a construction contract worth $115.4 million to Arabtec, the UAE-based contractor, to build additional...

Construction

Damac chairman issues warning about ‘fraudulent’ website

The chairman of Dubai property developer Damac has issued a warning about a ‘fraudulent’ website that allegedly claimed to represent an investment...

Property

Damac says all units sold in first phase of Cavalli development

Developer Damac Properties says all units have been sold in the first phase of its Just Cavalli villas development at AKOYA Oxygen...

Construction

Dubai’s Arabtec wins $171m Damac Akoya Oxygen contract

Arabtec Construction, a wholly owned subsidiary of Arabtec Holding, has won a AED 628 million ($171m) contract from Damac Properties for the...

Property

Dubai’s Damac announces new golf course towers

Dubai-listed real estate developer Damac Properties has launched the Golf Vita residential towers at Damac Hills. The developer says that the towers...