NewsDeyaar
Deyaar cuts 20% workforce
Dubai’s second largest developer, Deyaar Development, today announced its 20% cut in the company’s workforce. 60 jobs have been reduced to cope with the effects of the downturn in the property sector, The National reported. The cut followed only a week after Dubai World made the same decision,...
Deyaar to hand over 1300 units this year
Deyaar announced today that they will hand over seven different projects, comprising a total of 1300 units, within 2009. The projects scheduled for delivery in 2009 include both commercial and residential projects. At Business Bay, The Citadel and Hamilton Residency will be handed over in 2009. In the...
Deyaar launches phase one of Deyaar Enclave for sale
Click image for large view In response to ongoing strong demand for its superior-quality offerings, Deyaar Development, the region’s fastest growing real estate company, launched the sale of Deyaar Enclave’s first phase including studios, one and two bedroom apartments, at the Dubai International...
Deyaar is in talks with DIB to take over seized Dubai project
Dubai property firm Deyaar Development Company is in talks with Dubai Islamic Bank (DIB) to take over a AED 2.5 billion (US$679.4 million) real estate project the lender recently seized in an effort to recover debt. The project, known as Plantation Polo & Equestrian Resort, was seized by Dubai Islamic...
Deyaar unveils new corporate identity to mark strategic shift
Deyaar, whose former chief executive Jack Shahin is under investigation for wrongdoing, yesterday unveiled its new corporate identity, reflecting the company’s strategic shift from single-tower projects to larger communities in master-planned developments. The introduction of a new corporate identity...
Probe to impact markets
The police investigation into alleged financial irregularities by top executives at mortgage lender Tamweel and developer Nakheel will cast a shroud of uncertainty tinged with gloom on the stock markets this week. The latest round follows similar probe into Deyaar Development and Dubai Islamic Bank earlier...
Deyaar appointed as development manager for ICD’s One Za’abeel
Deyaar Development PJSC, the region’s fastest growing real estate company, announced today that it has signed an agreement with the Investment Corporation of Dubai (ICD), the investment arm of the Government of Dubai, to assume the development and management rights for One Za’abeel, an iconic...
Deyaar’s DSO Sold out within hours
All properties at Dubai Silicon Oasis (DSO) was all sold out just within hours, as investors were queuing in front of the sales center hours before opening. This amazing response Deyaar is getting is due to the fact that it is considered the fastest growing real estate company in the region. Project...
