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FINANCIAL NEWS
Deyaar suffers $40m loss in Q3
06 Nov 2010
(MENAFN) Deyaar, Dubai’s second-largest property developer by market value, suffered a third-quarter net loss of $39.5 million, the company said, missing an analyst forecast.
The company, a rival of Emaar Properties and Union Properties, also said that gross revenue for the period came in at $17 million. Total equity stood at $1.7 billion at the end of September, it said.
In February, Deyaar’s former chief executive said the company was on track to hand over six projects in 2010 but postponed a $137 million distressed property fund that month due to difficult market conditions.
Dubai’s once-booming property sector has been hit hard by the global financial crisis as developers slowed or cancelled projects and jobs were slashed.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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