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Dubai’s largest, fully private real estate developer posted its first yearly loss since becoming a publicly traded company.
Damac Properties, which has business ties to US President Donald Trump and hosts the Mideast’s only Trump branded golf course, reported a loss of $10 million in 2019 off revenues of nearly $1.19 billion.
That’s compared to a $313 million profit in 2018 off revenues of $1.16 billion.
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