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FINANCIAL NEWS
Dubai’s Deyaar reports a small profit in Q3
03 Nov 2011
(MENAFN) Deyaar, Dubai’s second largest developer by market value, reported a USD163,34 profit in the third quarter from USD39.5 million loss a year earlier, Reuters reported.
The developer was hit hard by Dubai’s financial crisis and property bubble burst which halved realty prices.
Deyaar also reported nine months profits of USD12.24 million from USD133.1 million losses a year earlier.
It added that its 9-months revenues rose 54 percent to USD181 million. Deyaar reiterated it would deliver two towers by year end.
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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