Dubai – Mubasher: Deyaar Development reported a 2.7% year-on-year decrease in its profits during the third quarter financials, according to a bourse filing.

Net profits reached AED 56.63 million ($15.41 million) in Q3-16, compared to AED 58.18 million ($15.84 million) in Q3-15.

The company generated profits of AED 168 million in the first nine months of 2016, down 11.6% from AED 189.93 million in the same period of 2015.