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FINANCIAL NEWS
Dubai- Deyaar Development reports USD5.3m Q1 profit
02 May 2013
(MENAFN) Deyaar Development’s chairman, Abdulla Ali Obaid Al Hamli, announced that the company’s net profit grew to USD5.3 million during 2013’s first quarter, reported Arabian Business.
Al Hamli added that the growth resulted from the enhanced confidence in Dubai’s property sector.
He added that the emirate’s real estate market has witnessed an expansion that boosted the developer’s growth and is expected to keep doing so.
It is worth noting that Deyaar posted a profit of USD2.55 million in 2012’s first 3 months.
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