The Dubai-based developer announces start of work on Princess Tower, a 26-storey furnished apartment complex in Baghdad.
The Kuwaiti group signed a contract in 2006 to build a resort in Tripoli, which was later cancelled.
The hotel is raising the syndicated loan to refinance existing debt and provide new funds.
DAMAC filed an international arbitration case against Egypt in 2011 over the conviction of its chairman and owner, Hussain Sajwani.
The Dubai-listed firm made a first quarter net profit of Dhs21.9 million ($5.96 million), lower than Dhs22.4 million it posted in the period last year.
The project will be within the developer’s Jumeirah Village Circle community. Work is expected to start immediately with an estimated completion date at the end of 2014.
An updated and frequently monitored rent calculator can allay fears of eviction and regulate rents in the market.
DAMAC to continue focus on key markets UAE, Saudi Arabia and Qatar.
The first property under the new brand is due to open on The Pearl, Qatar in September.
The Trump International Golf Club Dubai will be the first course by the organisation in the Middle East.
The Dubai-based construction firm will be building 253 luxury villas in Emaar’s Casa development in Dubai.
Emaar’s Alabbar has suggested Dubai may build a tower taller than the Burj Khalifa.
The Dubai-based developer has already tied up with high-end brands such as Fendi, Paramount and Versace.
Dubai’s Emaar chairman says trade is part of human DNA but risks can be minimised.
The appointment was announced at the Annual Investment Meeting in Dubai. The FCW project is expected to cost Dhs20 billion.
The Dubai-based developer’s profit was hit by increasing sales and administration expenses.
The upcoming theme park has already signed partnerships with Cartoon Network and Marvel.
The development is Dubai-based Damac’s biggest project by size and scale so far.
Developers in Abu Dhabi are struggling to emerge from the property market collapse in 2009
The recent escalation of leasing and sales prices in the emirate is concerning, says report.
The value of real estate transactions in the emirate rose 63 per cent year-on-year in the first quarter of 2013.
A shortage of land in big cities has frustrated efforts to build half a million homes – a project ordered by King Abdullah in 2011.
Integrated Tourism Complex developments, such as Muscat Hills and The Wave, help to revive the Sultanate’s real estate market.
The new company will focus on large energy and power-related projects in the region.
Revenue for the first quarter was Dhs2.2 billion, up 62 per cent from a year earlier.
King Abdullah announced the SAR250 billion scheme in 2011 to build 500,000 housing units over several years
Abu Dhabi Housing Authority has awarded Aldar the contract to build the villas in the emirate’s Al Falah area.
Real estate is currently the preferred asset class for investors in the UAE, finds new survey.
This is the Dubai-based developer’s fifth property project launch so far this year.
Developers are reviving building plans after nearly three years of inactivity, encouraged by a gradual recovery in real estate.