Market: Dubai ISIN: AED001301012 Industry: Real Estate & Construction

DAMAC Properties – Pioneering luxury real estate across the region

DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market for more than 17 years – bringing luxury living experiences to residents from all over the world. Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, offering iconic design and the upmost quality. The Company’s footprint now extends across the Middle East with projects in the UAE, Saudi Arabia, Qatar, Jordan, Oman, Lebanon and the United Kingdom.

As of 31 December 2019, DAMAC Properties has delivered over 29,100 homes and has a development portfolio of over 35,000 units at various stages of progress and planning.

With vision and momentum, DAMAC Properties is building the next generation of Middle East luxury living.

DAMAC
12/07/2020
Current Value 8,506,973
Last Closing Price 0.85
Change (%) 11.58
Volume 20,954,018
Number of Shares (mln) 6,050.00
Market Cap (mln) 5,130.40
FINANCIAL HIGHLIGHTS, AED'000 2017 2018 2019
Revenue
7,454,350 6,132,675 4,399,217
Gross profit 3,634,230 2,121,037 1,290,907
Gross margin 49% 35% 29%
Operating profit 2,834,951 1,235,024 222,027
Profit for the year 2,759,777 1,151,894 -36,879
Net cash generated from operating activities -46,308 -372,669 -327,061
Cash and bank balances 7,458,330 6,173,522 4,645,848
Total assets 25,343,496 25,176,262 23,824,632
Development properties 9,643,051 9,214,522 9,527,253
Total equity 13,865,337 14,109,731 14,072,852
Advances from customers 3,274,496 2,617,811 2,371,228
Earnings per share, Basic and diluted (AED) 0.46 0.19 -0.01