Deyaar Development (Deyaar) has announced that its net income figure for 2015 came in at AED291.4 million, up 3.4% Y-o-Y. This implies AED101.5 million for 4Q2015, up 14.2% Y-o-Y. Management referred to 2015 as a successful year, with the successful launch of a number of projects, including the Afnan District, a residential area comprising seven buildings and retail spaces. Management cited continued focus on affordable housing and hospitality as the main strategy for 2016. (Company disclosure)
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