Deyaar Development is majority-owned by Dubai Islamic Bank and is among the top ten property developers in Dubai.
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 Dubai Projects
Deyaar Development PJSC is associated with the following real estate projects in Dubai: