Deyaar, a leading real estate company, has reported a substantial increase in revenue for the three months through September 2023. According to the CEO, Saeed Al Qatami, the company attributes this remarkable growth to the substantial increase in property development revenue, amounting to Dh334.6 million.
Al Qatami further stated, “This achievement is fuelled by the recognition of revenue from Tria and Mesk, coupled with accelerated construction progress in Regalia. Furthermore, the complete portfolio sale of Noor and Mesk has significantly bolstered our financial standing.”
The company’s profit and revenue surged 227 per cent to Dh119.02 million and 50 per cent to Dh310.9 million, respectively, in the same period. This significant growth is a testament to Deyaar’s strong performance and financial standing in the real estate market.
This news of Deyaar’s impressive financial performance is a testament to the company’s continued success and growth in the real estate sector. With such substantial revenue and profit increases, Deyaar is proving to be a dominant force in the industry.
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