Deyaar announced the hand over of its Dh260 million ($71.2 million) flagship residential project Al Dana in Sharjah.

Deyaar is one of the fastest growing real estate company the region.

The handover firmly endorses Deyaar’s impressive track record of completing projects on schedule, said a company official.
 
Named after one of the most precious pearls found in the Arabian waters, the 44-storied Al Dana is located at the prime Sharjah Corniche area.

The tower designed by Horizon Consulting and constructed by United Engineering Construction, overlooks the Sharjah corniche and offers fascinating views from most apartments. 

Speaking at the handover, Deyaar UAE business managing director Saeed Al Qatami said one of the chief tenets of Deyaar’s corporate policy was its commitment to adhering to time-frames.

'The prompt delivery of Al Dana is reflective of this commitment, not to mention the all-round and meticulous care that Deyaar lends to every aspect of its projects. As Deyaar’s maiden project in Sharjah, Al Dana stands out as a truly unique and landmark development,” he added. 

Comprising 2 and 3 bedroom apartments, Al Dana is an illustration of stylish design and fine living in the emirate.

The tower is well-equipped with state of the art amenities, including a hi-tech gymnasium, sauna, steam, Jacuzzi, swimming pool, spacious retail spaces, and 24-hour security, he added. 

Deyaar has continued to achieve consistent growth since its inception. The company’s net profits rose from Dh5 million in 2003 to Dh73 million in 2004, Dh141 million in 2005 and Dh412 million in 2006.

Deyaar’s recent IPO attracted enormous investor enthusiasm, testifying to the impeccable reputation the company has gained over the years.

In Dubai, Deyaar is one of the largest developers on Business Bay where it recently announced the complete sell out of four of its projects worth over Dh1 billion, Qatami said.
 
Internationally, the company has on-going projects in Lebanon and Turkey. Deyaar also leads the property management segment with approximately 16,000 units in the UAE. TradeArabia News Service