Dubai-UAE: 12 May, 2013 - Deyaar Development (Deyaar), a leading real estate developer and services provider, today announced an exclusive three day sales event for showcasing its diverse property portfolio.

Coming on the back of Deyaar's strong first quarter performance in 2013, registering an operating profit of AED25 million, the sales event will be held at the Dusit Thani Hotel from 14 - 16 May.

The event will allow potential customers to avail of special limited time offers on commercial and residential real estate covering prime areas of Dubai including Business Bay, Dubai Silicon Oasis (DSO) and International Media Production Zone (IMPZ).

Key financial institutions such as Dubai Islamic Bank, Abu Dhabi Commercial Bank and Mashreq Bank have partnered with Deyaar for the event. The banks will be on hand to offer consultancy on payment plans and mortgage options to potential property buyers.

Saeed Al Qatami, Chief Executive Officer, Deyaar, said: "Perfectly timed, our exclusive sales event will help us build on our extremely successful first quarter, given that the market is primed for our offerings. In addition to enabling us to meet our sales targets, the event will allow us to extend attractive and affordable deals that support the community in Dubai to realise their aspirations of owning a home of their choice in the UAE.

"The exponential growth registered by Deyaar is the outcome of our continued commitment to excellence. Our dedication to providing quality developments as well as unparalleled customer care truly sets us apart from the competition."

Deyaar presently holds a significant land bank that has high potential sale value amidst the buoyant market conditions. The resultant increase in profitability and cash flows are set to firmly poise Deyaar for a phenomenal performance in 2013.

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About Deyaar:
Deyaar Development PJSC is a leading real estate company in the region. Headquartered in Dubai, the company has grown significantly since its inception to evolve into a complete one-stop real estate solutions provider. Today, Deyaar stands at the forefront of the regional real estate sector, with interests in real estate development, property and facilities management, marketing and sales. Deyaar's strategic solutions and deep market insights have helped create exceptional value for its investors.

The company currently manages over 16,000 commercial and residential properties. Its operations are divided across four key business units, vis-à-vis, property development, lease management, asset management, and fund management divisions. Deyaar is well positioned to play a pivotal role in the development of the region's property landscape. The company complies with the Escrow legislation and all relevant property laws in the UAE. Deyaar is registered with the Real Estate Regulatory Authority under reference number 15/07.

For further information, please contact:
Zeba Ahmad
APCO Worldwide
Tel: +97150 4942989 (mobile)
E-mail: zahmad@apcoworldwide.com  

© Press Release 2013