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Dubai / WAM
Deyaar Development (Deyaar) on Thursday announced its preliminary Q1 unreviewed financial results registering AED 51.03 million in net profits, and AED 60.2 million in revenue compared to AED 36.2 million during same period last year.
Saeed Al Qatami, CEO of Deyaar, said: “Deyaar’s strategy to continuously grow and diversify its portfolio of developments and services has helped us avoid impact of any fluctuations in the real estate sector, as a result of the global economic conditions such as dwindling oil prices. The results achieved in the first quarter of this year affirm that our corporate strategy remains sound and strong placing the stakeholders’ value at the top of its priority.â€