March 18, 2023

According to data supplied by Dubai’s Land Department (DLD), the real estate market in Dubai had 635 sales transactions worth AED1.56 billion on Thursday, along with 107 mortgage deals totaling AED505.91 million and 31 gift deals totaling AED69.08 million. 37 land plots valued at AED237.79 million and 598 villas and apartments for AED1.32 billion were …

Dubai records over AED2.1 billion in realty transactions on Thursday Read More »

Aima Construction Company Pvt Ltd has been given the major works construction contract for 120 villas at the recently announced Mandarin Oriental Bolidhuffaru Reef resort in the Maldives by Damac Group, through its real estate development arm Damac Properties. The Dh544 million contract was given by Damac to start building a collection of resort lodgings …

For the 120-villa Maldives Island resort project, Damac appoints Aima Read More »

Dubai master developer Damac reported a net profit of Dh1.4 billion in 2022 (as compared to a loss of Dh528 million the year before), resulting from revenues that reached Dh3 billion, helped by new launches including the Cavalli tower and the Lagoons (from Dh2.96 billion). The total assets at year’s end were Dh21.56 billion. Damac …

Damac closes 2022 with a net profit of Dh1.4 billion compared to a loss of Dh528 million in 2021 Read More »