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Dubai’s Damac posts Dhs1bn 2020 loss; head says market recovery may take up to 2 years
Dubai’s Damac Properties has posted a net loss of Dhs1.04bn for 2020, dipping sharply from a loss of Dhs37m in FY 2019. Total revenue for 2020 stood at Dhs4.7bn versus Dhs4.4bn in 2019. Meanwhile, booked sales for the period stood at Dhs2.3bn, compared to Dhs3.1bn in 2019. Total assets stood…
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