AED 483.3 million revenue for Deyaar Properties in nine months

Dubai 17-10-2019
Deyaar’s revenues for the first nine months of the year reached AED 483.3 million, an increase of 3.6% compared to the same period in 2018, which amounted to AED 466 million and a net profit of AED 53 million.
Saeed Al Qatami, Chief Executive Officer of Deyaar Development, said: “Deyaar’s hospitality portfolio has been booming this year following the opening of a number of hotels that will contribute to sustainable revenue for the company.
Deyaar Development is listed on the Dubai Financial Market and Dubai Islamic Bank holds a majority stake.