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Deyaar logs AED 175m sales from its projects

Deyaar logs AED 175m sales from its projects
Deyaar's Bella Rose
Deyaar
DEYAAR
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Dubai – Mubasher: Deyaar Development has generated AED 175 million in revenues of its property projects during the period from January 2016 to July 2018.

The sales revenues come from three of Deyaar’s projects, namely: The Atria Business Bay, Central Park, and Moon Rose, a report released by Al Basel Real Estate Brokers showed.

The projects have been in high demand and of great interest to local and international investors, the brokerage firm added.

Al Basel Real Estate Brokers is currently managing apartments and villas worth over AED 500 million on behalf of several investors.

Deyaar Development’s stock topped the Dubai Financial Market (DFM) mid-session on Thursday. The positive performance was backed by Deyaar CEO Saeed Mohammed Al Qatami’s expectations of higher net profits for 2018.

The stock closed Thursday at a rise of 2.04% to AED 0.44.

Earlier on Thursday, the Dubai-based and listed real estate developer signed a contract with Millennium Hotels & Resorts Middle East and Africa (MEA) for Millennium Atria Business Bay which will be open later in the year. The two firms inked the agreement on the sidelines of Cityscape Global 2018 event at the Dubai World Trade Centre (DWTC).