Damac Properties' Park Towers project in the Dubai International Financial Centre. The company paid down Dh500m worth of debt in the first nine months of 2020. Image courtesy of Damac Properties.
Damac Properties' Park Towers project in the Dubai International Financial Centre. The company paid down Dh500m worth of debt in the first nine months of 2020. Image courtesy of Damac Properties.

Property

Dubai's Damac Properties swings to Q3 loss on impairments

Company has written down Dh1.19bn of assets in the nine-month period but its strong balance sheet has allowed it to absorb market shock, chairman says

Michael Fahy
Michael Fahy

November 12, 2020

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