DAMAC Properties Dubai Co PJSC (DFM: DAMAC) ("DAMAC" or the "Company"), a leading designer of high-end commercial property in the center East, reveals outcomes for the 9 months finishing 30 September 2015.

Throughout the initial nine months of 2015, DAMAC tape-recorded incomes of AED 6.77 billion ($1.84 billion Gross Profit margin stood at 60.7 %. Net profit for the coverage period stood at AED 3.67 billion (c. $1.0 billion), a rise of 43 % compared to 9M 2014.

Cash as well as Bank Balances stood at AED 9.87 billion ($2.68 billion) whilst Development Properties was recorded at AED 7.74 billion, ($2.11 billion) as at 30 September 2015.

Internet money created from operating activities: AED 2.33 billion and also the nine month EPS of AED 0.61 each share.

Constant with 2015 support, it is anticipated that circa 2500 units will be supplied across the portfolio in 2015.

Throughout the coverage duration, reserved sales reached more than AED 7 billion ($1.91 billion) which reveals constant good interest in the products. The overall location marketed was 6.24 million square feet in 9M 2015 which was 8.5 % more than the exact same period in 2014.

Hussain Sajwani, Chairman of DAMAC, commented:

"These numbers show that the Dubai realty market continues to be healthy. We run mainly in our residence city of Dubai - a really worldwide and cosmopolitan city, with advanced international laws in position which advertise development as well as innovation.

During 2015 the Dubai realty market has actually remained to grow, with growth stablisation throughout the period. This is an organic progression for any sort of developing market which makes certain long-lasting sustainability.

In line with the visionary management of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President & Prime Minister as well as Ruler of Dubai, our profile of high-end living encounters and also friendliness projects supply sound financial investment possibilities to the global market while at the same time expanding as well as boosting the visual elegance of this outstanding city.

We believe Dubai is well established for continuous growth, and we anticipate the city will constantly outmatch even more recognized urban centres worldwide. This outperformance is underpinned by a strict as well as efficient regulatory framework which assists the Government's vision to create a sustainable city which improves the encounter for those living, working and going to Dubai.".

Growth of product range.

DAMAC remained to bring brand-new products to market with the introduction of Paramount Hotel and also Residences on Sheikh Zayed Road, Merano Tower on the Dubai Canal, the Promenade Residential as well as Serviced Apartments at AKOYA by DAMAC and non-serviced apartment or condos, Carson at AKOYA by DAMAC.

At AKOYA Oxygen, 'Vista Lux', the jewel of the development was introduced. This is the retail, F&B as well as enjoyment hub of the task with over 2,000 serviced residences. More phases of villas & townhouses were additionally presented at AKOYA Oxygen.

The brand association profile was enhanced with the announcement of Bugatti-styled suites within the AKOYA by DAMAC master advancement and also the introduction of AYKON with Interiors by Versace in London, UK. Brand associations now consist of Versace, FENDI, Bugatti, Paramount Hotels & Resorts, the TRUMP Organisation as well as Tiger Woods.

Sajwani ended:" At DAMAC, we have actually created a market leading brand firmly placed in the deluxe industry as well as we believe this is a powerful differentiator from our rivals as we continuously provide an unique item with a variety of homes and offers to deal with most sub-segments of our target customers.

We anticipate rates to continue to secure as we operate in a now mature realty market. This is the organic development for any kind of creating market which ensures long-lasting sustainability.

Looking even more in advance, continued economic and also market development, along with ambitious framework invest as well as worldwide optimal conferences, must support the marketplace with 2020.".