UPDATE 1-DAMAC slips to first loss since 2010 as Dubai property market lags
DAMAC Properties, one
of Dubai’s largest private developers, swung to a net loss of
36.9 million dirhams ($10 million) in 2019 from a profit of 1.15
billion dirhams in 2018, the firm reported on Tuesday.
of Dubai’s largest private developers, swung to a net loss of
36.9 million dirhams ($10 million) in 2019 from a profit of 1.15
billion dirhams in 2018, the firm reported on Tuesday.
Posted by Reuters
