Deyaar prof­its up to $27.5m un­til Sep­tem­ber 2018

Facilities Management Middle East - - UPDATE -

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.

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