image description
image description
Tell A Friend

FinancialNews


  • 06-11-10

    Deyaar suffers $40m loss in Q3

    (MENAFN) Deyaar, Dubai's second-largest property developer by market value, suffered a third-quarter net loss of $39.5 million, the company said, missing an analyst forecast. The company, a rival of Emaar Properties and Union Properties, also said that gross revenue for the period came in at $17 million. Total equity stood at $1.7 billion at the end of September, it said. In February, Deyaar's former chief executive said the company was on track to hand over six projects in 2010 but postponed a $137 million distressed property fund that month due to difficult market conditions. Dubai's once-booming property sector has been hit hard by the global financial crisis as developers slowed or cancelled projects and jobs were slashed.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved