Damac Properties (Damac) is not looking at projects outside of Dubai, according to Ziad El-Chaar, company MD, who explained that although the GCC markets would be preferred outside of Dubai, the current focus is mostly on Dubai. Chaar mentioned that the company has no interest in penetrating the Egyptian market, nor expand into Saudi Arabia. Enabling works are underway at Aykon City, with the main construction tender expected within six months. (MEED)   DAMAC Properties (DU): AED2.41 as of 08 September 2016, Rating: Neutral, FV: AED2.27 per share, MCap: USD3,973mn, DAMAC UH / DAMAC.DU