Deyaar profits up to $27.5m until September 2018
Real estate developer and asset manager Deyaar Development has registered a net profit of $27.44m (AED100.8m) the first nine months of the year compared to $27.3m (AED100.3m) in the same time period.
What’s the YoY difference?
Revenue for the first nine months of 2018 was noted as $121.4m (AED446m) compared to $139.35m (AED511.9m) in the same period of 2017. So far this year, Deyaar has handed over two of its residential towers — The Atria, in Business Bay, and the Mont Rose, located in Dubai Science Park.
What did the experts say?
Saeed Al Qatami, CEO of Deyaar said: “Our focus this year has been on our strategy of delivering high quality projects to our customers, who are now able to enjoy their investments in two of our properties.