Damac Rules Out Low-Cost Housing

Thursday, June 25, 2009

Damac Properties has ruled out a play into the region's fast-growing market for low-cost housing, Reuters has reported. 'Affordable housing I see as the remit of the government, or a government-owned entity, not the private sector,' Chief Executive Peter Riddoch told the Reuters Global Real Estate Summit in London yesterday.

Source: AME Info

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