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 13 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, Qatar, Saudi Arabia, Jordan and Lebanon.

As of 30th June 2017, DAMAC Properties has delivered 19,000 homes and has a development portfolio of over 44,000 units at various stages of progress and planning. Included are more than 13,000 hotel rooms and serviced hotel apartments under development, which will be managed by its hospitality arm, DAMAC Hotels & Resorts.

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

Listed on the Dubai Financial Market (DFM), the Company also issued a US$650 million five year Sukuk on NASDAQ Dubai in April of 2014, which was more than four times oversubscribed and was placed with institutional investors across Europe, the Middle East and Asia.

DAMAC
20/09/2017
Current Value 10,069,396
Last Closing Price 3.78
Change (%) -1.05
Volume 2,073,162
Number of Shares (mln) 6,050.00
Market Cap (mln) 22,869.00
FINANCIAL HIGHLIGHTS, AED'000 2014 2015 2016
Revenue
3,740,034 8,536,067 7,156,182
Gross profit 2,229,307 5,067,061 3,997,053
Gross margin 59% 59% 56%
Operating profit 3,492,189 4,543,780 3,716,518
Profit for the year 3,483,284 4,514,830 3,694,647
Net cash generated from operating activities 1,062,890 2,488,073 9,019
Cash and bank balances 6,612,368 9,500,765 8,316,048
Total assets 18,826,196 23,447,497 24,625,782
Development properties 8,553,738 9,143,770 10,245,064
Total equity 5,268,410 9,830,913 12,618,060
Advances from customers 7,295,131 5,533,221 4,196,801
Earnings per share, Basic and diluted (AED) 0.62 0.75 0.61