1. Realty firms may restart hiring in Q4 or early 2010
(News/UAE Dubai Property News)

... Director, Macdonald & Company. The slowdown in Dubai's real estate market saw a large number of companies such as Nakheel, Damac Properties, Emaar Properties and a score of mid-size developers making ...

2. Investors take great leap of faith
(News/UAE Dubai Property News)

... with Damac and Hydra Properties on Reem Island, among others. For many investors, it is largely a question of trusting the developer. In the case of off-plan projects that have been put on hold by large ...

3. Damac accused over selling flats on UN site in Dubai
(News/UAE Dubai Property News)

A UK lawyer has accused Dubai property group Damac of selling off-plan units on a plot which it knew was occupied by the United Nations (UN). The UN has a considerable presence in Business Bay - and ...

4. 1 bd Westside at Lincoln Park - AED 640000
(UAE Dubai Property News/Distress Sales)

... - DAMAC Completion - Mid 2010 40% paid Price: AED 640.000 – Purchased for AED 720.900 AED 845 / Sq.ft. Contact via distress@uaelists.com reference DM01 and we will forward to the owner  ...

5. Dubai home rents may be weakening
(News/UAE Dubai Property News)

... residents from moving out. That would be a Dubai first! Now we need to get Developers to stop increasing Maintenance fees by 100 to 400% (Damac up to 28-34 dhs pr. sqf!) Else it the rental market here ...

6. Damac denies Dubai ruler buys stake
(News/UAE Dubai Property News)

(Reuters) - Dubai-based Damac Properties on Friday denied a Turkish newspaper report that the emirate's ruler Sheikh Mohammed bin Rashid al-Maktoum has bought a 40 percent stake in the private developer. ...

7. Damac announces Dh500m profit for first nine months
(News/UAE Dubai Property News)

Damac announces Dh500m profit for first nine months Dubai: Property developer Damac have announced profits of Dh500 million for the first nine months of this year. Hussain Sajwani, chairman of Damac ...

8. Damac threatens with ultra high maintenance fees
(News/UAE Dubai Property News)

Damac threatens with ultra high maintenance fees Damac wants to hike maintenance fees from between 6 and 17 dhs pr. square foot to a whopping 29+ dhs pr. square foot in- among others – Dubai Marina Terrace. ...

9. DAMAC sacks 200
(News/UAE Dubai Property News)

DAMAC sacks 200 Dubai: The DAMAC Group has announced that it has undertaken a review of global staffing levels in response to the continuing current global slowdown. The organisation,  has announced ...

10. More job cuts at Dubai's Damac
(News/UAE Dubai Property News)

More job cuts at Dubai’s Damac Dubai developer Damac Properties is set to axe more UAE-based jobs this week as it adjusts to the economic downturn, a former worker claimed yesterday. The ex-employee ...

11. +100 jobs go at Dubai property giant Damac
(News/UAE Dubai Property News)

At least 100 jobs are thought to have been lost at Dubai-based Damac Properties, the largest private real estate developer in Middle East, as the global financial crisis continues to hit the region.  ...

12. Developers and brokers feel bite of credit crisis
(News/UAE Dubai Property News)

... staffing levels and recruitment requirements,” said Peter Riddoch, the chief executive of Damac Properties. “Damac Properties will continue to review its own position in line with the market and aim to ...

13. Damac - Personal data of thousands compromised
(News/Latest)

Damac Properties has launched an investigation into how thousands of its customers personal details ended up for sale on Ebay for 750 pounds ($1,466), a senior company official told ArabianBusiness.com ...

14. Analyzing Dubai's Damac Properties
(News/Latest)

In the UAE – there are not many private developers like Damac. The developer is known for a few Dubai Marina properties, like The Waves and Marina Terrace – both delivered with gigantic delays and lots ...

15. Dubai Property on shaky foundations?
(News/Latest)

Dubai Property on shaky foundations? Arabian Business published a rather interesting article about the property market in the UAE and the developers here.  Damac and Deyaar – and now 4 more developers ...

16. Dubai Property Investors loosing confidence
(News/Latest)

... The Wall Street Journal, Scandals are casting a cloud over the Dubai Property Market. Especially problems with Damac and Deyaar are highlighted in the article. Damac tried to cancel a project on the Palm ...