Bloomberg - Damac Warns Dubai Must Halt New Building or Face Disaster

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Bloomberg - Damac Warns Dubai Must Halt New Building or Face Disaster

Bloomberg - Damac Warns Dubai Must Halt New Building or Face Disaster

  • TV-G
  • 2019
  • 6mins
Oct.26 -- Damac Properties one of Dubai's largest private developers is urging a complete halt to all new home constructions for one to two years to help reduce the Gulf city’s property glut. Speaking exclusively to Bloomberg's Yousef Gamal El-Din Damac Chairman Hussain Sajwani warns that relentless development could bring disastrous results for Dubai’s banks and its economy overall.