Over the January-June period of this year, the company also recorded a 24 percent increase in revenue to reach AED369.4 million
Dubai’s top-notch developer Deyaar has reported a significant rise of 196% increase in net profit in H1 of 2022.
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.
"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.
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.
Kapil Makhijani is a Senior Property Advisor at Honey Money Real Estates (ORN: 28658), with over 6 years specialising in Dubai residential investment and NRI portfolio strategy. His background in... Read More
