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 September 2017, DAMAC Properties has delivered over 20,230 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.

Current Value 1,401,938
Last Closing Price 2.97
Change (%) -0.67
Volume 2,010,522
Number of Shares (mln) 6,050.00
Market Cap (mln) 17,968.50
FINANCIAL HIGHLIGHTS, AED'000 2015 2016 2017
8,536,067 7,156,182 7,454,350
Gross profit 5,067,061 3,997,053 3,634,230
Gross margin 59% 56% 49%
Operating profit 4,543,780 3,716,518 2,834,951
Profit for the year 4,514,830 3,694,647 2,759,777
Net cash generated from operating activities 2,488,073 9,019 -46,308
Cash and bank balances 9,500,765 8,316,048 7,458,330
Total assets 23,447,497 24,625,782 25,343,496
Development properties 9,143,770 10,245,064 9,643,051
Total equity 9,830,913 12,618,060 13,865,337
Advances from customers 5,533,221 4,196,801 3,274,496
Earnings per share, Basic and diluted (AED) 0.75 0.61 0.46