Dubai Billionaire Developer Says He’s Shocked by Property Rebound
- “I was totally wrong,” the Damac chairman tells Bloomberg
- He sees emirate’s real estate recovery continuing into 2022
Hussain Sajwani, Damac Properties founder, says he was “totally wrong” last year predicting Dubai’s real estate sector was facing a disaster from oversupply.
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Barely a year after predicting Dubai’s real estate sector was facing a disaster from oversupply, the billionaire head of one of the city’s largest developers said a “surprising” rebound will extend into 2022.