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Power 60 Power 60 2018

#37: Saeed Al Qatami, Deyaar

Saeed Al Qatami serves as the chief executive officer and managing director of Deyaar Development since 2010. He also served as the vice president of business development at the Dubai-headquartered property developer since 2007. In that role, he was primarily responsible for developing Deyaar.

The developer’s revenues for the first quarter of 2018 went up by nearly 25%, climbing to $47.9m (AED176m) from $38.7m (AED142m) in Q1 2017. The company’s net profit, meanwhile, rose by more than 25% to reach $10.9m (AED40m), compared to $8.7m (AED32m) in the same period last year.

Qatami said in a press statement: “Deyaar’s steady performance in the first quarter of 2018 is reflected in higher revenues and a healthy net profit. During the first three months of 2018, Deyaar has made major headway in its projects.”

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