Real estate related news and press releases covering MENA region.
Deyaar Development net profit doubles
Aug 15, 2012
Deyaar Development has said its second-quarter net profit has doubled to reach Dhs18.6m, compared with Dhs9.4m in the previous quarter, Gulf News has reported. Gross revenues reached Dhs143m, Deyaar said. Total shareholders' equity stood at Dhs3.9bn, while total assets reached Dhs6.7bn, the developer said. The company delivered two projects during the quarter and is set to complete two more projects during the rest of this year taking the total of projects completed this year to four.