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Deyaar began 2018 with a strong start, with the handover for the two residential towers in its iconic Mont Rose project Deyaar began 2018 with a strong start, with the handover for the two residential towers in its iconic Mont Rose project

Deyaar Reports H1 Revenue

Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, announced its financial results for the first half of this year, ending June 30, demonstrating that the company had a solid start to the year.

Deyaar reported revenues of AED314 million (USD85.48 million) for the six months ending June 30, a 0.7 percent decrease compared to the corresponding 2017 figure of AED316 million (USD86.03 million).

In the same period, the property developer posted a healthy net profit of AED65.2 million (USD17.75 million), a 2.6 percent decrease compared to the first half of last year, AED67 million (USD18.24 million).

Deyaar in July commenced the handover process for The Atria, its second project this year. The mixed-use project is located in Business Bay and comprises a four-star hotel apartment tower and a residential tower.