Damac Properties shows how to profit from the Dubai real estate recovery « ArabianMoney:
"In the early 2000s many industry commentators thought Damac Properties was an accident waiting to happen. But it never did. The firm sailed through the 2009 real estate crash in Dubai and profits for 2013 reported yesterday show that it has been equally adept at making the most of the recent real estate recovery in Dubai.
Annual profits tripled to $642 million last year on revenues 76 per cent higher at $1.22 billion. That is one huge profit margin. But sales rose four-fold last year to $2.45 billion so it won’t necessarily matter that much if profit margins are squeezed by rising construction costs."
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