April 26, 2018 12:04 PM ET

Real Estate Management and Development

Company Overview of DAMAC Real Estate Development Limited

Company Overview

DAMAC Real Estate Development Limited, together with its subsidiaries, engages in the development of real estate properties in the Middle East. The company develops and sells villas, apartments, commercial units, and plots of land. It also offers facilities and hotels management, and trust arrangement services; and vacation homes rental and property leasing services, as well as operates a golf club. The company was founded in 1992 and is based in Dubai, the United Arab Emirates. DAMAC Real Estate Development Limited is a subsidiary of Damac Properties Dubai Co. PJSC.

Park Towers

Level 2, Office No. 206A

Dubai International Financial Centre

PO Box 2195


United Arab Emirates

Founded in 1992

Key Executives for DAMAC Real Estate Development Limited

Executive Chairman & CEO
Age: 64
Group Chief Finance Officer
Age: 46
Chief Executive of Egypt Operations
Managing Director and Director
Age: 48
Senior Vice President of Commercial
Compensation as of Fiscal Year 2017.

DAMAC Real Estate Development Limited Key Developments

DAMAC Properties Wins 370 Contracts Valued at AED 3.5 Billion

DAMAC Properties, announced that it has awarded more than 370 contracts worth AED 3.5 billion since January 2017. The contracts included construction, supplier and consultancy services across its portfolio of developments. The bulk of contracts awarded this year have been for DAMAC's large master golf community, AKOYA Oxygen, with major construction ongoing across the 55-million square foot development. DAMAC has, for this year alone, entered into contracts worth AED 1.8 billion, appointing highly-reputed partners to deliver the construction works for AKOYA Oxygen.

Damac Properties Reports Revenue Results for the Second Quarter of 2017

Damac Properties reported earnings results for the second quarter of 2017. For the quarter, the company reported that consecutive income decline after property development sales dropped, which reached 19% to USD 191.9 million. Revenue fell to AED 1.57 billion from AED 1.75 billion a year earlier, while it continues to show more stabilization.

DAMAC Real Estate Development Limited to Report Q2, 2017 Results on Aug 14, 2017

DAMAC Real Estate Development Limited announced that they will report Q2, 2017 results on Aug 14, 2017

Similar Private Companies By Industry

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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