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.