Deyaar Development, the customer-focused development company out of Dubai, recently reported a consolidated net profit of $23.3 million for the second quarter of 2015, which represents an increase of more than 37 percent over the same period last year.
Saeed Al-Qatami, Deyaar’s CEO, said the impressive numbers show the company is a trusted and valued developer in the region. Deyaar maintains that standing with in-depth market intelligence and regional property management expertise.
“The first-half results reflect Deyaar’s commitment toward our various stakeholders,” Al-Qatami said. “The positive numbers also indicate Deyaar’s success in achieving healthy results as an outcome of its contribution to the industry.”
Al-Qatami said the development company is making that contribution by finding ways to meet client expectations while still responding to the needs of the market.
“Safeguarding the interests of our customers and maximizing value for our shareholders remain at the heart of our business strategy,” Al-Qatami said.
Deyaar’s growing portfolio of properties and services show it as a rising player in Dubai’s real estate sector. In addition to delivering end-to-end property development and property management services for a wide range of units across the United Arab Emirates, Deyaar also provides facility management services for both commercial and residential developments.
