Damac Properties Dubai 'Very Optimistic' on China Market, CFO Says

The video discusses the current state of the Dubai property market, highlighting a slowdown in the cycle. It covers the company's focus on delivering units and managing debt, with a strategy to balance equity and debt. The impact of global economies, particularly China, on capital flows is examined. The company remains focused on Dubai, with limited interest in expanding to other markets. Financial strategies, including dividend management and maintaining liquidity, are also discussed.

What was the main focus of the company in the second quarter of the year?

• Delivering units

• Acquiring new land

• Expanding internationally

• Reducing workforce

How did the company initially manage its debt situation?

• By increasing equity

• By selling assets

• By acquiring more debt

• By maintaining zero debt

What is the company's strategy regarding land acquisition in the near future?

• Aggressively buying new land

• Leasing land from other developers

• No immediate pressure to buy land

• Selling existing land

How does the company view the potential impact of China's economic slowdown?

• As a major threat to their sales

• As an opportunity to diversify

• As having minimal impact on Dubai

• As a chance to increase prices

Why is the company not interested in making significant capital acquisitions in London?

• Regulatory challenges in London

• Low profit margins in London

• High competition in London

• Focus on Dubai market

What is the company's approach to managing its dividend amidst fluctuating profits?

• Issuing more shares

• Reducing dividends

• Maintaining liquidity for opportunities

• Increasing dividends

What is the company's stance on diversifying outside the Middle East?

• Actively seeking opportunities worldwide

• Investing heavily in Asia

• Exploring opportunities in Europe

• Focusing primarily on Dubai