Damac Property Group, one of the largest real estate companies in the Middle East, has released its annual report for the year 2019. The company reported that its revenue for the year was $7.4 billion, up from $6.8 billion in 2018.
The company also reported that it had completed over 50 projects in the past year, with a total value of $21 billion. This includes the completion of several high-profile developments, including the Hamdallah Tower in Dubai and the Al Quoz Marina in Abu Dhabi.
One of the key achievements of Damac Property Group in 2019 was the successful completion of the Hamdallah Tower. The tower is located in Dubai's financial district and features state-of-the-art amenities such as a gym, swimming pool, and fitness center. It is also equipped with cutting-edge technology, including smart home systems and virtual reality experiences.
Another notable achievement of Damac Property Group in 2019 was the completion of the Al Quoz Marina. The marina is a large-scale development on the shores of the Arabian Gulf and features luxury apartments,La Liga Frontline villas, and commercial spaces. It also features a variety of amenities, including a beach club, restaurants, and entertainment facilities.
Overall, Damac Property Group's performance in 2019 was impressive, with the company reporting strong growth in both revenue and project completions. With its focus on quality development and customer satisfaction, it is likely to continue to be a major player in the Middle East's real estate market in the years to come.