Damac CFO Says Dubai to Continue as Core Market

The video discusses the Dubai property market, highlighting its historical trends, impact of the 2008 financial crisis, and current market conditions. It explores the company's strategy, focusing on Dubai despite challenges like rising costs. The discussion also covers financial management strategies, emphasizing liquidity and conservative cash management to ensure stability.

How long did it take for the Dubai property market to recover from the 2008 financial crisis?

• Four years

• Two years

• Seven years

• Nine years

What is one of the key factors that makes Dubai a safe haven for investment?

• The stability of its currency

• The strength of the US dollar

• Its cultural diversity

• Its geographical location

Which region remains a core market for Dubai's real estate sector?

• European Union

• GCC

• South America

• North America

What is a key strategy for managing the cyclicality of the real estate market?

• Focusing on short-term gains

• Avoiding market downturns

• Long-term planning and liquidity management

• Investing in volatile markets

What is the company's approach to handling its cash reserves?

• Investing in high-risk ventures

• Maintaining conservative strategies

• Reducing cash reserves to zero

• Expanding rapidly into new markets