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 30th June 2019, DAMAC Properties has delivered over 26,000 homes and has a development portfolio of over 40,000 units at various stages of progress and planning. Included are more than 10,000 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.

DAMAC
19/08/2019
Current Value 2,592,045
Last Closing Price 0.93
Change (%) -1.59
Volume 1,210,073
Number of Shares (mln) 6,050.00
Market Cap (mln) 5,620.45
FINANCIAL HIGHLIGHTS, AED'000 2016 2017 2018
Revenue
7,156,182 7,454,350 6,132,675
Gross profit 3,997,053 3,634,230 2,121,037
Gross margin 56% 49% 35%
Operating profit 3,716,518 2,834,951 1,235,024
Profit for the year 3,694,647 2,759,777 1,151,894
Net cash generated from operating activities 9,019 -46,308 -372,669
Cash and bank balances 8,316,048 7,458,330 6,173,522
Total assets 24,625,782 25,343,496 25,176,262
Development properties 10,245,064 9,643,051 9,214,522
Total equity 12,618,060 13,865,337 14,109,731
Advances from customers 4,196,801 3,274,496 2,617,811
Earnings per share, Basic and diluted (AED) 0.61 0.46 0.19