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Damac buildings share the skyline in the Business Bay district of Dubai, United Arab Emirates, Tuesday, Feb. 11, 2020. One of Dubai's largest privately-owned developers, DAMAC Properties, is reporting $10 million in net loss last year. The loss comes as Dubai's leadership is beginning to look at ways to curb an oversupply of new properties on the market that's been compounded by an economic slowdown and job losses across the emirate, which is ramping up spending this year to host Expo 2020, the world's fair. (AP Photo/Kamran Jebreili)

Damac buildings share the skyline in the Business Bay district of Dubai, United Arab Emirates, Tuesday, Feb. 11, 2020. One of Dubai's largest privately-owned developers, DAMAC Properties, is reporting $10 million in net loss last year. The loss comes as Dubai's leadership is beginning to look at ways to curb an oversupply of new properties on the market that's been compounded by an economic slowdown and job losses across the emirate, which is ramping up spending this year to host Expo 2020, the world's fair. (AP Photo/Kamran Jebreili)

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