Damac Properties reported a 2018 net profit of AED1.2 billion

Damac Properties on Thursday detailed a 2018 net benefit of AED1.2 billion ($330 million), not exactly a large portion of the absolute announced in the earlier year (AED2.7 billion).

Complete income remained at AED6.1 billion a year ago, while booked deals for a similar period were accounted for at AED4.3 billion, and all out resources remained at AED25.2 billion, the Dubai-based designer said in an announcement.

Amid the equivalent budgetary period, Damac conveyed more than 4,100 units, the most elevated number of units finished by the organization inside one timetable year.

The units conveyed were spread crosswise over lead ventures Damac Towers by Paramount Hotels & Resorts Dubai, Damac Heights, Damac Majestine, Avanti Tower, just as a few mid-ascent structures and estates inside the Damac Hills people group.

The organization said a sum of more than 4,000 units have been conveyed at Damac Hills, with development proceeding at extra network conveniences, including wellbeing and prosperity offices, retail outlets and a 2,000 sq m skatepark.

Development likewise proceeds at Damac’s second private network in Dubai, Akoya Oxygen. Amid the equivalent monetary period detailed, over AED6 billion worth of agreements were granted for the AKOYA Oxygen people group.

“We have worked intimately with our accomplices to meet our duties, and are satisfied with our accomplishments in 2018. We are likewise glad for the UAE administration and the progressing open activities that are supporting the segment’s recuperation,” said Hussain Sajwani, director of Damac Properties.

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