DUBAI, UAE: DAMAC Properties Dubai (DFM: DAMAC) announced financial results for the nine month ended September 2021, reporting Revenue of AED 2,394 million, booked sales of AED 4.1 billion and deliveries of c.4,400 units in Dubai. Gross profit of AED 707 million was 15% lower than similar period last year’s gross profit of AED 828…
Tag: Damac properties
Damac Properties posts 32 percent growth in revenues to AED 3.7 billion
DUBAI: DAMAC Properties Dubai Co. PJSC announced financial results for the first nine months of 2020 (9M2020), wherein total revenue stood at AED 3.7 billion, up 32.14 percent from AED 2.8 billion in 9M2019. Booked sales for the period stood at AED 1.6 billion vs AED 2.4 billion for the similar period last year.Net loss…
DAMAC reports loss of AED 387 million for 1H 2020 due to Covid 19 and adverse business conditions
DUBAI: DAMAC Properties Dubai Co. announced financial results for the first half of 2020, reporting total revenue of AED 2.4bn vs AED 1.9bn in 1H 2019. Booked sales for the period stood at AED 1.05bn vs AED 1.77bn for the similar period last year. Gross profits for the period stood at AED 563mn (1H 2019:…
DAMAC Properties reports booked sales of AED 3.1bn in 2009
DUBAI: DAMAC Properties Dubai announced preliminary financial results for the year ended December 2019, reporting booked sales of AED 3.1 billion and unit deliveries of 4,700 units in full year 2019. DAMAC focused throughout 2019 on deliveries and execution of projects in the construction pipeline. The year marked the first deliveries in the master development…
Damac Properties posts revenues of AED2.8bn in nine months
DUBAI: DAMAC Properties Dubai Co. has announced financial results for the nine months of 2019, reporting total revenue of AED 2.8 billion, with booked sales reported at AED 2.4 billion. Gross profits for the same period stood at AED 838 million reflecting gross profit margins of 30.3%. Total assets stood at AED 24.5 billion compared…