Hotel apartments and golf communities sectors are DAMAC winning cards
In an interview with Ziad Al Shaar, Managing Director of DAMAC Properties with “Al Zawya”, he said that the company now puts all its focus on investing in two sectors and they are the hotel apartments sector and golf communities sector.
The company launched in mid-2013 the first golf course community called Akoya, and it also launched the second golf community in 2014 known as Akoya oxygen.
Al shaar adds that these sectors may bring huge profits for the company where the company has registered a net profit of 792.9 million dirhams in the first quarter of 2015, while its net income amounted to 1.785 billion dirhams in the same period registering an 11% increase from last year.
About the company’s current projects, Al Shaar stressed in his speech that DAMAC completed the Jewel project in Jeddah which consists of 46 floors, and the company is also in the completion process of the two Hotel Apartments towers in Riyadh which will be finished by 2016 in addition to the expansion works in Doha, where the company built Hotel Apartments Towers in Lusail area and Lusail waterfront and Lusail Marina.
