NewsDamac
DAMAC’s Park Towers close to completion
DAMAC’s iconic twin-tower development in Dubai, Park Towers, reaches its final floor, DAMAC announced on Thursday. The two towers top out at 46 floors, not 30 as previously expected. The towers, located in the Dubai International Financial Centre, will also set aside the first five stories for...
Damac to sign contracts worth Dh2bn
Damac Properties benefits from low prices on materials and is expected to sign contracts for the construction of 10 towers worth Dh2bn this year, a top official said. “Despite the economic downturn, we are going ahead with the projects that we have already announced,” said Hussain Sajwani,...
DAMAC to handover units in Lake View tower
DAMAC Properties has announced the completion of its Lake View tower – the second of the company’s projects to be completed at Jumeirah Lake Towers. The final completion certificate was awarded to DAMAC Properties last week and customers will now begin moving in to the 40 storey tower which occupies...
Over 50 UAE developers in Moscow property show
Over fifty UAE-based developers will outline their extensive participation at the first ‘International Property Show Moscow 2008′, the biggest international investment exhibition in Russia, which is slated to run from November 10 – 12, 2008 at Hall 1 of Crocus Expo International Exhibition...
DAMAC Properties’ completes enabling works at two flagship Business Bay properties
Click image for large view Leading property developer Damac Properties Dubai has announced that enabling works at two of its developments at Business Bay have been completed. Work to carry out shoring piles and excavation in readiness for construction of the two properties at Capital Bay and Park Central...
Finishing touches continue at DAMAC’S ‘The Crescent’
Luxury lifestyle provider, DAMAC Properties, is beginning the finishing touches to The Crescent, its IMPZ development that will offer residents tranquil living in the heart of Dubai. Combining the convenience of the Emirates Road with a setting of lush and green landscaping, The Crescent is a stylish...
Damac set for IPO launch
Damac Properties is preparing to launch an initial public offering (IPO) of its shares by year-end or early 2009, Emirates Business has learnt. The developer is planning to list on the Dubai Financial Market (DFM), a person familiar with the deal said. He declined to say how much the company plans to...
DAMAC to showcase properties at International Property Expo
DAMAC Properties, the Middle East’s largest private sector master developer and luxury lifestyle provider, will showcase its wide range of iconic properties spread across the Middle East at the New Delhi International Property Expo 2008 exhibition scheduled to be held between 2nd and 4th of August...
Damac Properties awards Dh805m contract to Intermass
Luxury lifestyle provider, Damac Properties, has awarded an Dhs805m contract to M/s Intermass Engineering and Contracting Co. LLC., for its Lakeside project at International Media production Zone (IMPZ). The project will be completed by December 2010. Intermass is one of the most renowned contractors...
