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Arabtec swings to Dh2.35b annual loss

Revenue plunged to Dh7.3 billion, down Dh1 billion or 12 per cent, from 2014, the Dubai-based company said in a statement. It cited the "difficult environment that the regional construction market is facing" for the loss and said it is seeking to further reduce costs.

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Damac guarantees 3% annual return

Damac Properties has a wide range of stylish living options across Dubai, including private villas, townhouses and apartments within its two golf course communities, Akoya by Damac and Akoya Oxygen, a limited edition collection of fashion branded homes in collaboration with global brands such as Versace, Fendi, Paramount Hotels & Resorts, and Bugatti as well as hotel apartments and hotels which allow individual investors to capitalise on the emirates booming tourism sector.

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