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MarketScreener Homepage  >  Equities  >  DUBAI FINANCIAL MARKET  >  Damac Properties Dubai Co PSC    DAMAC   AED001301012

DAMAC PROPERTIES DUBAI CO PSC (DAMAC)
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Damac Properties Dubai PSC : kicks off Cityscape 2017 with exclusive 3-day offers including a chance to win a luxurious Just Cavalli villa

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09/10/2017 | 12:09pm CEST

DAMAC Properties, a leading luxury real estate developer in the region, is welcoming Cityscape Global 2017 visitors to its stand with exclusive offers and promotions during the three-day exhibition.

From 11-13 September, visitors to the DAMAC Properties stand located in Sheikh Saeed Hall 3 and who purchase from any of the developer's portfolio of villas and apartments, will have an exclusive opportunity to enter a draw and win a 'Just Cavalli' signature villa, the world's first villa to feature interiors by award-winning designers from the Roberto Cavalli Group. Buyers will receive one raffle coupon for each AED 500,000 of the purchase price, with the prize draw to take place on 6:30 pm on September 13.

'We are pulling out all the stops at this year's Cityscape with exclusive offers that suit the tastes of every visitor coming to the show,' said Niall McLoughlin, Senior Vice President at DAMAC Properties. 'As many visitors will be coming to search for the best deals available, we wanted to make sure that our offers are both impressive and deliver value, whether it's by offering a new Mercedes Benz car, guaranteed rental returns or by raffling off a luxury villa by Just Cavalli. On all of our offers during Cityscape, only 10% booking fees apply and customers can avail of instant home finance approvals on the spot, making it even easier to own a luxury home in Dubai.'

During the three-day exhibition, DAMAC will be offering new Mercedes Benz cars with purchase of select villas. Another promotion will see buyers receiving guaranteed 30 percent rental returns over 3 years on select properties. Buyers and investors can also benefit from waivers of the Dubai Land Department (DLD) registration fees which will be paid directly by DAMAC on the buyer's behalf for select properties.

Earlier this month, DAMAC announced its collaboration with the Roberto Cavalli Group to launch the world's first villas to feature interiors with the 'Just Cavalli' signature-style. Located in one of Dubai's most prestigious golf communities in Dubai, the luxury villas feature the designer's exotic designs infused with bright colour and animal print. Designer living is within reach, with prices starting from AED 1.3 million with an easy payment plan over three years.

DAMAC Properties is an industry leading real estate developer that has partnered with leading international brands such as Versace, FENDI, Paramount, Trump, Bugatti, and most recently Just Cavalli, to bring exclusive living concepts to buyers and investors from around the world.

Damac Properties Dubai Co. PSC published this content on 10 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 September 2017 10:08:01 UTC.

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Financials (AED)
Sales 2018 7 638 M
EBIT 2018 2 794 M
Net income 2018 2 298 M
Finance 2018 3 866 M
Yield 2018 9,39%
P/E ratio 2018 4,37
P/E ratio 2019 4,44
EV / Sales 2018 1,15x
EV / Sales 2019 0,97x
Capitalization 12 645 M
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Mean consensus HOLD
Number of Analysts 9
Average target price 2,69  AED
Spread / Average Target 29%
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Managers
NameTitle
Hussain Ali Habib Sajwani Chairman
Ali Sajwani General Manager-Operations
Adil Mohamed Hassan Taqi Group Chief Financial Officer & Executive Director
Arunan Thayyil Vice President-Information Technology
Farooq Mahmood Arjomand Non-Executive Director
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