Property News
Latest property news & product launches
Market to improve on higher-than-expected demand — Morgan Stanley
Dubai property prices are rising for the first time in six years, Morgan Stanley said in a research note.
Damac Properties' 2020 loss widens to $283m
Damac Properties has posted an AED1.04 billion ($283 million) net loss for 2020 compared to AED37 million ($10 million) the year before.
Damac reveals over one billion dirhams in losses for 2020
There is a clear pattern forming with Damac at the moment that they are continuing to build residential developments, but evidently, from their results, they are not selling enough property.
Damac Properties slips into massive Dh931m loss in first nine months of 2020
Dubai developer, however, managed improved revenues in a tough operating environment
Dubai's DAMAC loses $148.3mln in third quarter
DAMAC has reported losses of 931.3 million dirhams ($253.57 million) for the first nine months of the year.
Damac Properties reports Q2 2020 net loss of AED 280.5 m
The company reported a loss of Dh280.5m for the three months ending June 30
Damac says no approach made so far on take-private bid
Damac Properties slipped to a loss in Q1 2020 despite higher revenue.
Damac sees drastic profit, revenue fall
Damac Properties recorded a sharp decline (46 per cent) in nine-month revenues to Dh2.8 billion from Dh5.2 billion. Net profit was down to Dh133 million from Dh1.1 billion a year ago, a drop of almost 88 per cent.
No dividends for Damac shareholders
Dubai developer Damac cites low profitability as it announces it will withhold dividends at the end of this year
Off-Plan Property
Steven Leckie offers exclusive access to Dubai’s top off-plan developments, guiding you to invest confidently in high-potential properties.
Investor Education
Steven Leckie offers exclusive access to Dubai’s top off-plan developments, guiding you to invest confidently in high-potential properties.
Create Your Perfect Investment Plan with Concierge Expertise
Steven Leckie’s Concierge Investment Service helps you find the right property to match your goals and lifestyle. With expert guidance, he ensures a smooth, confident journey through Dubai’s real estate market.
