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Deyaar hands over Dh260m Al Dana project in Sharjah

DUBAI — Deyaar, the region's fastest growing real estate company, has announced the hand over of Al Dana, its flagship residential project in Sharjah located at the Sharjah Corniche area.

The hand over of the 44-storey Al Dana firmly endorses Deyaar's impressive track record of completing projects on schedule, according to a Press statement.

The Dh260 million Al Dana was designed by Horizon Consulting and constructed by United Engineering Construction LLC. The tower overlooks the Sharjah corniche and offers fascinating views from most apartments.

Speaking on the occasion of the handover of Al Dana, named after one of the most precious pearls found in the Arabian waters, Saeed Al Qatami, managing director, UAE Business, Deyaar, said: "One of the chief tenets of Deyaar's corporate policy is its commitment to adhering to time-frames. The prompt delivery of Al Dana is reflective of this commitment. As Deyaar's maiden project in Sharjah, Al Dana stands out as a truly unique and landmark development."

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.

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. 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, the statement said.