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FINANCIAL NEWS
Dubai’s Damac witnesses better performance in H1
10 Aug 2012
(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.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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