Damac pays $343m for Dubai Water Canal land plots

Developer Damac has paid AED 1.26 billion ($343 million) for plots of land close to the Dubai Water Canal, it said in...

Property

Damac: Short supply to boost Dubai market

A shortage in supply of new homes is set to boost the Dubai property market in 2016, with fewer than 10,000 units...

Property

Damac launches five more towers at Akoya Oxygen

Real estate developer Damac Properties has announced an $850 million five-tower complex at its Akoya Oxygen golf course community in Dubai.Residential units...

Property

Damac removes Trump name from Dubai golf site

Damac Properties has removed the Trump name from a $6 billion golf development in Dubai in an apparent response to the uproar...

Property

Dubai’s Damac says Trump Organisation deal stands despite anti-Muslim rant

Dubai’s Damac Properties says its agreement with the Trump Organisation remains in place despite the US presidential hopeful’s latest anti-Muslim rant.Donald Trump...

Construction

Damac’s 94-storey Dubai Marina tower topped out

Developer Damac Properties says a 94-storey tower it is building in Dubai Marina has been topped out. Façade work at the $653...

Construction

Drake & Scull, Arabtec shares hit hard as Dubai market tumbles

Construction firms on Sunday dragged the Dubai Financial Market index to an 11-month low, with Arabtec and Drake & Scull seeing some...

Property

Shares in Dubai’s Damac plummet after dip in Q3 revenues

Shares in Damac Properties on Tuesday tumbled by more than 6% after the Dubai developer said its third-quarter revenues had fallen, and despite higher...

Experts