Deyaar Properties, only for good times
Crazy MarginsDeyaar was initially formed as the property management arm of Dubai Islamic Bank and then spun off as a private property company floated on the Dubai Financial Market, with plans to develop high-profile residential and commercial projects. In 2014, after it was hardly hit by the global financial downturn, and like many of its peers seaking more recurring revenue, the company started to work on refocusing its existing developments towards Dubai’s hotel sector ahead of Expo 2020.
The volatility of the Property development activities is having a great impact on the company’s overall gross margin making it unstable.
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