Dubai’s Damac plans sale of first Aykon City residential units

Damac Properties has announced the upcoming sales launch of the first residential tower at its Aykon City project next to the Dubai...

Property

Damac launches phase 2 of ‘Sharia compliant’ project

The Dubai-based real estate heavyweight, Damac Properties, has announced a limited release of units in the second phase of its Sharia-compliant luxury...

Property

Dubai’s Damac reports 15% slide in profit

Damac Properties has reported a 15% slump in its first-quarter profits on the back of lower revenues, according to a statement by...

Construction

Damac Towers by Paramount tops out in Dubai

Damac Properties says a four-tower development it is building in Dubai in collaboration with Paramount Hotels & Resorts has topped out.Facade work...

Property

Dubai-listed Damac eyes US projects

The Dubai-listed developer Damac Properties says it wants to explore projects in key US cities as part of its international expansion plans.Damac...

Consultant

Al-Futtaim Engineering’s elevator division wins contract for Ocean Heights in Dubai

Al-Futtaim Engineering’s Elevators division has won an annual maintenance contract from Damac to maintain the Hitachi elevators in the developer’s Ocean Heights...

Property

Damac to sell first Aykon City hotel rooms overlooking Dubai Canal

Damac Properties today announced the sales launch of the first hotel rooms at its Aykon City project overlooking the Dubai Canal.The rooms...

Construction

India’s Punj Lloyd wins $45m contract in Dubai

Punj Lloyd, India’s second largest engineering and construction company, has announced that it has won a $45.7 million contract for work on...

Property

Damac sees ‘unprecedented demand’ for Aykon City project in Dubai

Damac reports “unprecedented demand” for the initial release of units at its Aykon City project, an upcoming six-tower project by the Dubai Water Canal.The...