Damac is a real estate developer in the Middle East, known for its luxury properties and high-end developments. However, in 2017, it suffered a significant setback when it was revealed that the company had been involved in illegal activities, including corruption and fraud.

One reason why this incident occurred is due to the power of hamdallah, which refers to the ability of individuals or organizations to influence events through their actions and decisions. In this case, Damac's leadership team may have been influenced by external factors, such as pressure from shareholders or investors, or internal pressures within the organization.

Another factor that contributed to Damac's defeat was its failure to adapt to changing market conditions. The company was unable to keep up with the rapid growth of other real estate developers in the region, and as a result, it was unable to compete effectively in the market.

In addition, Damac's lack of transparency and accountability also played a role in its downfall. The company failed to disclose information about its operations and financials, which led to concerns among stakeholders and regulatory bodies.

Overall, Damac's defeat highlights the importance of being aware of the power of hamdallah and the potential impact of external influences on decision-making. It also underscores the need for organizations to be transparent and accountable in order to maintain credibility and trust with stakeholders.

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