Deyaar Development PJSC

Its not all doom and gloom (yet) in the Dubai property market. Deyaar Development PJSC has announced the real estate company's financial results for the three months ending on September 30, 2008. Net profit for the third quarter of 2008 reached $84.9 million, an increase of 26 percent compared to $67.2 million in the second quarter of 2008, and up 56 percent compared to $54.5 million in the third quarter of the previous year.