Deyaar Reports First Half 2018 Evenue of AED314 million

Deyaar Growth PJSC, among Dubai's leading residential property designers and real estate service, today announced its monetary outcomes for the initial half of 2018, finishing June 30, 2018, showing that the company had a strong begin to the year.

Deyaar reported revenues of AED314 million for the six months finishing June 30, 2018, a 0.7 percent decline compared to the equivalent 2017 number of AED316 million. In the same duration, the home designer posted a healthy and balanced web earnings of AED65.2 million, a 2.6 percent reduction compared with the initial half of in 2014 [H1 2017: AED 67 million]

Saeed Al Qatami, Ceo, Deyaar, said: The financial performance for the 2nd quarter, and initially six months of the year, is a reflection of the durable business version that we run and is driven by our clear approach for growth. As we are making considerable progression on The Atria, Midtown, and Millennium Deyaar Hotel & Apartments in Al Barsha, we are confident regarding our capability to better expand Deyaar's portfolio and continue to see favorable outcomes, sealing our status as a leader in the sector."

Previously this month, Deyaar has commenced the handover process for The Atria, its second project in 2018. The mixed-use project is located in Business Bay and comprises a four-star hotel apartment tower and a residential tower. Deyaar began 2018 with a strong beginning, with the handover for both domestic towers in its famous Mont Rose project.

Listed on the Dubai Financial Market and majority-owned by Dubai Islamic Bank (DIB), Deyaar is just one of Dubai's leading designers, with real estate ventures spanning key development hallways and prime locations within the emirate. For many years, Deyaar has supplied a comprehensive portfolio of commercial and houses, all supplying the highest degree of service and quality.