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DAMAC Maison The Vogue DAMAC Maison The Vogue

DAMAC Profit Reaches USD1 Billion

DAMAC Properties posted a net profit of AED3.67 billion (USD1 billion) for the first nine months of the year,

corresponding to a year-on-year growth of 43 percent.

Revenues reached AED6.77 billion (USD1.84 billion), while gross profit margin stood at 60.7 percent.

According to Hussain Sajwani, chairman, DAMAC Properties, the company's luxury living experiences and hospitality projects offer sound investment opportunities to the international market.

"We believe Dubai is well set for continued growth, and we expect the city will consistently outperform more established metropolitan centres around the world," added Sajwani.