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Wednesday, 25 January 2017

Dubai developer Deyaar’s profit falls in 2016 in face of ‘challenging’ market | The National

Dubai developer Deyaar’s profit falls in 2016 in face of ‘challenging’ market | The National:

"Deyaar’s profit fell by a quarter last year despite rising revenue as the Dubai property developer said it faced a "challenging" market.

Net profit fell 25.7 per cent to Dh216 million from Dh291 million a year earlier, according to a filing.

Deyaar said that company revenue for last year increased 66.5 per cent compared with a year ago to Dh428 million. The company said that was mainly because of construction progress at The Atria and Mont Rose hotel apartment projects."



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