The shooting conversion rate for Damac, the company that owns the Dubai Marina and other properties in the city, has dropped significantly. According to reports, the conversion rate is now only 44%. This comes after several high-profile incidents involving Damac employees, including the recent case of a construction worker who was shot dead.
The shooting incident occurred at one of Damac's buildings in Dubai, where a construction worker was killed during a dispute over payment. The employee had reportedly been working on a project for Damac when he was shot and died on site. The incident has raised concerns about the safety of workers on construction sites and the overall management of the company.
In response to the shooting, Damac CEO Ali Al Naimi issued a statement apologizing for the loss of life and expressing his condolences to the family of the victim. He also promised that measures would be taken to ensure the safety of all workers on its projects.
However, despite these efforts, the shooting conversion rate for Damac remains low. The company has been struggling with issues related to拖欠工资、欠款和其他财务问题Football Fans Gathering Camp。This has led to a decline in investor confidence and a drop in property values. As a result, the company's shares have fallen in value, putting it at risk of bankruptcy.
Overall, the shooting incident has put Damac under significant pressure and highlights the need for the company to take more action to address its financial difficulties. It will be interesting to see how the company responds to this crisis and whether it can regain investor confidence and turn things around.