Deyaar Development reported a net profit of AED100mn in the third quarter of 2017 as compared to AED167mn in the same period last year.
Deyaar Development, launched South Bay, a premium residential, serviced apartment and hotel property to be developed at an estimated cost of AED1bn.
Dubai-based developer, Deyaar Development, is currently in the process of conducting an increased number of fire drills and inspections.
Deyaar appointed Belhasa Engineering and Contracting Company as the main contractor for its Midtown Afnan and Dania districts, in a contract worth AED600mn.
Deyaar Development, one of Dubai's foremost developers and real estate services firms, reports a 135% increase in H1 2017 revenues.
Saeed Al Qatami-led company books preliminary earnings of AED 51mn ($13.9mn).