Powered by

DAMAC Properties announces financial results for Q1 2018

May 16, 2018 - Marketline Newswire

DAMAC Properties has announced financial results for the first quarter of 2018, reporting total revenue of AED 1.9 billion, with booked sales reported at AED 1.6 billion, largely in line with AED 1.5 billion recorded in Q4 2017.

By the end of the quarter, DAMAC delivered 648 units at its DAMAC Heights tower, in Dubai Marina, while gross profits stood at AED 761 million reflecting profit margins of 40%. Net profit stood at AED 484 million in Q1 2018, marginally higher than AED 459 million r

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox