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FinancialNews


  • 10-08-12

    Dubai's Damac witnesses better performance in H1

    (MENAFN) Damac Properties' senior vice president, Niall McLoughlin, announced that during the year's first 6 months, the luxury developer has witnessed better growth, reported Arabian Business. McLoughlin said that the Dubai-based company has seen a sharp growth in the emirate's serviced apartments sector. He added that investors from Saudi, Russia and India are expressing strong interest in investing in the emirats, which represents a safe haven for a variety of businesses and investments. It is worth noting that over the January-June period, Dubai's prime property has experienced a growth of 5.6 percent, according to a recent report.

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