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English news

08-Jul-2018

Damac close to complete first Sharia-compliant tower

Damac Properties (Damac) announced that its first Sharia-compliant furnished tower, Ghalia, has entered the final stages of completion. The project is located in Jumeirah Village Circle community and features 727 furnished luxury apartments with 1-3 bedrooms. It will operate in alignment with the principles of Sharia, offering residents and visitors separate leisure amenities for men and women, including separate dining facilities, gymnasium and swimming pools. 


DAMAC Properties (DU): AED2.18 as of 5 Jul. 2018, Rating: Sell, TP: AED2.43/share, MCap: USD3,594mn, DAMAC UH/DAMAC.DU

 

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