Damac Bay residents will have access to a white-sanded private beach, a range of food and beverage outlets and the property’s exclusive Cavalli Lounge. In addition, the three-tower property has been built to provide each unit with a beautiful seaside view

DAMAC Lagoons is an up-and-coming water-inspired community situated near DAMAC Hill

Located adjacent to the Damac Hills community, the theme of the project will be eight different cities spread across the community

Developer makes $52mln Q1 net loss on lower revenue recognition.

Damac Properties has posted an AED1.04 billion ($283 million) net loss for 2020 compared to AED37 million ($10 million) the year before.

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.

Dubai developer, however, managed improved revenues in a tough operating environment

DAMAC has reported losses of 931.3 million dirhams ($253.57 million) for the first nine months of the year.

The company reported a loss of Dh280.5m for the three months ending June 30

Investors have been waiting for more than a year despite projects being near-ready.

Damac Properties slipped to a loss in Q1 2020 despite higher revenue.

New concept at Damac Hills enables buyers to personalise multiple aspects of their homes