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DUBAI / Emirates Business
Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, announced its financial results for the first half of 2018, ending on June 30, demonstrating that the company had a solid start to the year.
Deyaar reported revenues of AED314 million for the six months ending June 30, 2018, a 0.7 percent decrease compared to the corresponding 2017 figure of AED316 million. In the same period, the property developer posted a healthy net profit of AED65.2 million, a 2.6 percent decrease compared to the first half of last year.
Saeed Al Qatami, Chief Executive Officer, Deyaar, said: “The financial performance for the second quarter, and first six months of the year, is a reflection of the robust business model that we operate and is driven by our clear strategy for growth.â€