Damac Properties has inked a strategic cooperation agreement in sales field with “Qfang”, one of the pioneering financial and properties services provider in China, for sake of bolstering its properties sales in China.
The agreement is considered the second of its sort between Damac and Chinese corporations specialized in properties sales in China. The past agreements of Damac in international agreements have proven success especially in matter of commercial operations.
The agreement was signed last Friday in the city of Shenzhen in the presence of top executive officials of both companies.
According to the latest financial reports issued this month, Damac net profits during the last 9 months of this year reached 3.67 billion dirhams.