Hussain Sajwani, chairman of Damac Properties said on Thursday new property launches will come to a halt this year due to coronavirus pandemic.  Antonie Robertson/The National
Hussain Sajwani, chairman of Damac Properties said on Thursday new property launches will come to a halt this year due to coronavirus pandemic.  Antonie Robertson/The National

Business

Damac Properties reports first full-year loss in nearly a decade on lower revenue

The developer reported a loss of Dh36.8 million as revenues slide to Dh4.4 billion

Fareed Rahman
Fareed Rahman

February 11, 2020