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Dubai: Damac's Q1 2016 net profit slumps 15%
Dubai-based luxury real estate developer Damac Properties reported a drop in its net profits for the first quarter of 2016. During the first three months of 2016 ending 31 March, Damac recorded net profit of $285m (AED1.05bn), 15% lower than Q1 2015 figures. Revenues for Q1 2016 stood at $435m…
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Click here to read the full story: Construction Week Online