Dubai: Damac Properties said on Thursday it plans to announce the results of its unit Damac Real Estate Development for the 12 months ended December 2014 on February 2.

Damac Real Estate Development’s recognised revenue grew by 98 per cent to $1.56 billion in the first nine months of 2014 attributed to the completion and handover of 2,581 units across 7 projects in addition to the sale of land, which generated revenue of $600.5 million.

Projects completed during the third quarter were The Vogue, Capital Bay and two buildings of Lincoln Park.