Deyaar Development PJSC
Deyaar Development PJSC is a construction-related company operating in Dubai.
Deyaar is listed on the Dubai Financial Market and majority-owned by Dubai Islamic Bank.
It is among the top ten property developers in Dubai.
On 1st May 2019 Deyaar Development reported AED18.3 million ($4.9 million) net profit for the first quarter, less than half the AED40 million posted in Q1 2018. Revenues of AED175.8 million were slightly down on the AED176.5 million reported in Q1 2017.
Deyaar’s revenues increased in 2017 to Dh751.6 million from Dh428.3 million in 2016.
Net profit was lower, at Dh130.4 million, compared to Dh216.1 million in 2016.
Two completed projects are due to be handed over in 2018, the $151.6m (AED 556.9m) Mont Rose with a built-up area of 79,990 square metres,and The Atria, a $331.6m (AED1.2bn) development with a built-up area of 130,064.
These two projects represent Deyaar’s entry into the UAE hospitality industry. The developer’s hospitality portfolio also includes the Deyaar Barsha Hotel project in Al Barsha.
Two residential districts, Afnan and Dania, in Midtown in Dubai’s International Media Production Zone (IMPZ) are expected to be delivered by the third quarter of 2019.
Deyaar Development PJSC In the news
The National, 29th Oct 2019
The National, 17th Oct 2019
Gulf News, 17th Oct 2019
Arabian Business, 23rd Sep 2019
Construction Business News, 21st Jul 2019
Construction Business News, 7th May 2019
Arabian Business, 1st May 2019
Arabian Business, 30th Jan 2019
The National, 30th Jan 2019
Arabian Business, 29th Jan 2019
The National, 27th Jan 2019
Arabian Business, 4th Oct 2018
The National, 31st Aug 2015
Arabian Business, 12th Nov 2014
Deyaar Development PJSC Dubai Projects
Deyaar Development PJSC is associated with the following real estate projects in Dubai:
