Dubai Financial Market : Damac sees Q4 profit edge up 1.3%

The Dubai developer Damac saw profit rise by 1.3% in the last quarter of 2016, as the property market in the emirate ‘stabilised’. The developer reported a net profit of AED 854.6 million dirhams ($232.7 million) for Q4, up from AED 844 million the …
( read original story …)