While revenue increased 18 percent to 1.1 billion dirhams, the owner of the only Trump-branded golf club in the Middle East swung to a quarterly loss from a 50.5 million dirham profit in the same period a year ago.
Dubai-based developer DAMAC Properties has predicted that planned government spending of USD 452 billion on Gulf Cooperation Council (GCC) infrastructure projects will begin to resonate in regional property markets within the next 12 months.
DAMAC Properties, the Middle East’s leading independent real estate company, has today announced that a growing number of investors from India are showing interest in Dubai, as they look to capitalise on 60% savings per square foot in the Dubai property market.