Deyaar announces $45.7 million net profit for third quarter of 2016

Deyaar announces $45.7 million net profit for third quarter of 2016
Deyaar Development PJSC (Deyaar), a major property developer and real estate service provider in Dubai, released its third quarter results this week.

The company's net profit was $45.7 million, with total revenues at $710 million.
 
Deyaar has also recently announced that work is underway on its latest project, a hotel and serviced apartment complex situated close to the Mall of Emirates in the Al Barsha area. The development, which is a response to increasing demand for hotel and serviced apartment accommodation, will have 408 units -- 299 hotel rooms and 109 services apartments.

The property will be located on a total plot size of 70,800 square feet and will be completed by early 2018.
 
“Over the course of the year, we have made significant progress on our flagship developments,” a representative said. “Deyaar’s diversified portfolio which includes project development, property management, facilities management and owners’ association management is growing, while our differentiated offerings, appealing to both mid-market and luxury customers, continues to advance Deyaar’s status as a leader in the sector.”

Organizations in this story

Deyaar Dubai, Al Barsha 1st, Deyaar Building 6th Floor P.O. Box 30833, Dubai, UAE

Get notified the next time we write about Deyaar!
Top