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FINANCIAL NEWS
Dubia- Deyaar Development scores USD64.2m deals at 3-day sales event
31 May 2013
(MENAFN) Dubai real estate firm Deyaar Development has announced that it secured deals worth over USD46.2 million at a three-day sales event held earlier this month, reported Arabian Business.
The company, which reported a doubling of first-quarter net profit on May 2, said in a statement that the sales reaffirmed “signs of strong recovery trends in the UAE’s real sector”.
Deyaar, the emirate’s second-largest developer by market value, said the sales event attracted hundreds of visitors looking to benefit from special offers on prime commercial and residential real estate developments at Business Bay, Dubai Silicon Oasis and the International Media Production Zone.
Saeed Al Qatami, CEO, Deyaar Development, said that the remarkable response received at the event, especially for residential developments is a striking indicator of the upturn in the real estate sector.
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