Burj Khalifa developer recovers as investors get picky

📆 4/11/2019 1:21 PM
📰 BusinessTimes

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She warned that conditions are likely to remain difficult this year.

Dubai residential prices have dropped about 25 per cent from a peak in 2014, according to Craig Plumb, head of Middle East research at broker Jones Lang LaSalle.Emaar Properties and Aldar have entities tied to the local government as their main shareholders.

"This move can only be sustained if it will be fuelled by good news.Damac's shares have declined 56 per cent in the past 12 months and in February the company posted its lowest annual profit since going public in 2013.

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