Dubai Real Estate Developer Deyaar Witnessed 196% Increase In Net Profit In H1 2022
Over the January-June period of this year, the company also recorded a 24 percent increase in revenue to reach AED369.4 million
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Dubai’s top-notch developer Deyaar has reported a significant rise of 196% increase in net profit in H1 of 2022.
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DEYAAR PUTTING UP EVERY EFFORT IN RE-SHAPING REAL ESTATE MARKET
The improved performance in the real estate and hospitality sector has led to this growth. It's been nearly two decades, and Deyaar Development is shaping the real estate of Dubai. The time it entered the market it completely shaped the urban real estate of Dubai. Counted as one of the Top Dubai Developers Deyaar has successfully made his position by presenting top-notch projects across the emirate.
STATEMENT BY CEO OF DEYAAR
- From January to June, the net profit recorded is AED66.9 Million
- A significant jump of AED 22.6 Million has been observed in comparison to last year same time
- Revenue jumped by 24% to AED369.4 million, compared to AED297.4 million a year ago
"Revenues from development activities have increased as we started recognizing revenues from the sales of our Regalia project. The hospitality portfolio performance continues to grow in line with the strong recovery of the tourism sector in the UAE," said Saeed Al Qatami, CEO of Deyaar.
CREATING A STRONG NICHE IN DUBAI BY CREATING A NEW BENCHMARK
The builder has made a strong foothold across Dubai's finest locations and presented an oasis of luxuries. It has garnered huge attraction with iconic projects that create a positive and long-lasting impact on the residents. Deyaar has established itself as a leading UAE key player by delivering the properties setting a new benchmark in the industry, an opportunity of living, unparalleled quality, and exceptional pricing.
