Deyaar, UAE based leading property developer, has revealed that it has clocked 38% growth in its second quarter net profit which stood at Dh75.4 million.

During the first three month period, Deyaar's net profit figure stood at Dh54.48 million.

The sources informed that the company has posted gross revenues of Dh402 million for the second quarter.

In the fourth quarter of 2008, the company has registered a net profit of Dh343 million.

The sources informed that Deyaar has delivered seven projects in the current fiscal and 1,300 units.

These comprise four residential projects in Dubai Silicon Oasis, a commercial tower The Citadel in Business Bay and Deyaar's first project in Lebanon.