One of Dubai’s largest developers said 2021 would be another challenging year for the sector and warned against the risk of companies “dumping” property in a market already grappling with excess inventory. “I hope the big developers don’t start dumping supply just because they can sell another few hundred villas or apartments,” Damac Properties PJSC Chairman Hussain Sajwani said in an interview with Bloomberg TV. “We very strongly believe that next year will be a challenging year.” Damac’s chairman has been advocating for a moratorium on construction in Dubai, the Middle East’s tourism and financial hub, where a ... (full story)