ArabianBusiness.com - Middle East Business News
Sunday, 22 November 2009 04:21 UAE time

YOUR DIRECTORY /

Deyaar Development Company

Main Category: Landlord and Developers
First Address : 30833
Second Address : Floor 22, Capital Tower, Sheikh Zayed Road
City : Dubai
Country : United Arab Emirates
Phone: 971 4 2955844
Fax: 971 4 2955122
Email: info@deyaar.ae
Website: www.deyaar.ae


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Markus Giebel

CEO, Deyaar|Markus Giebel serves as Chief Executive Officer at Deyaar Development PJSC, the regions fastest growing real estate company. In this capacity, he is responsible for the firm’s operations across all its business units.

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UAE property firms' Q2's seen hit by lower sales

Emaar Properties forecast to buck overall trend, however, says Shuaa Capital.

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Dubai's Deyaar expects 'high single digit' default rate

CEO indicates easy payment plans may not always be available for customers.

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Dubai developer Deyaar appoints new chairman

Abdulla Al Hamli replaces Nasser Al Shaikh who resigned last month.

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Dubai's Deyaar eyes overseas expansion to diversify

CEO of real estate firm says it is looking at opportunities in six to seven countries.

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Deyaar Properties chairman resigns

The Dubai-based property developer gives no reason for the resignation of Nasser Al Shaikh.

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Moving on

Dubai's real estate crash may prove to be good news for mid-income earners in countries far a field, Deyaar CEO says.

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Dubai real estate to bottom out in H2 - Deyaar CEO

EXCLUSIVE: CEO also tells Arabian Business company is mulling MENA property fund.

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Deyaar looks to expand into five countries - ME, Africa

Dubai-based developer wants to tap cheaper valuations, deals due in next few months.

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Dubai sees largest one day rise since March 24

UPDATE 7: UAE property stocks resurgent, du adds 5% after releasing healthy Q1 profits .

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Deyaar reports 73% decline in Q1 net profit

Dubai-based real estate player posts $128m Q1 revenues, in line with co's forecasts.

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Deyaar CEO expects "substantial" Q1 profits - paper

Dubai-based developer to continue with its international expansion plans.

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Gulf stocks tumble, unsettled by Saudi SABIC loss

UPDATE 4: Saudi's TASI ends 3.1% down at 5,056 points on Tuesday as SABIC plunges 9.9% on Q1 loss.

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Saudi construction to contract by 0.7% this year - report

Business Monitor International predicts positive growth will not return until 2013.

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Deyaar chief sees 50% price fall in some areas

Real estate firm's CEO rules out going to the debt market to fund new projects.

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Deyaar open to merger and gov't funding - CEO

Dubai-based property developer will consider merger, but not in talks at present.

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Poll shows 50% will never buy property in the Gulf

A quarter of responders believe property prices will not hit rock bottom until 2010.

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Mr. fix it

Deyaar CEO Markus Giebel tells Damian Reilly about the company's survival plan, which includes reducing the cost of properties already bought.

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Do it differently

Times are tough, and everyone knows it. The commercial world is awash with terms such as "streamlining," "remodelling," and, inevitably, "redundancies." If you're a CEO, the chances are you are now in the throes of making decisions you would rather you didn't have to make.

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Deyaar to work with banks to ease lending on homes

Developer also says prices in some projects have fallen due to drop in construction costs.

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Dubai’s Deyaar eyes assets in Turkey, India

Real estate major sets up division to acquire distressed assets beyond UAE.

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Deyaar puts all unsold projects on hold

UPDATE 1: But Dubai developer eyes big increase in 2008 income - chief executive.

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Most Gulf bourses end lower; Emaar plunges over 9%

UPDATE 7: Property giant’s stock dips after HSBC cut developer's price target.

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Former Dubai Islamic Bank head arrested

Deyaar corruption probe continues with arrest of Saad Abdul Razak.

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Deyaar CEO refuses to comment on merger report

Property firm chief says speculation over $4.3bn merger 'not good for the market'.

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Deyaar rebuilds

Deyaar chairman Nasser Al-Sheikh on how he is rebuilding the company's reputation after the arrest of its former CEO on corruption charges.

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Deyaar to issue $1.3bn sukuk for expansion plan

EXCLUSIVE: Developer to tap debt markets to fund aggressive move into new growth areas.

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Oman bourse biggest loser on eve of holy month

Oman ends day two percent down as foreign institutions dominate trading.

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Dubai's crackdown on corruption

White-collar crime rarely captures the imagination as easily as its garden-variety counterparts.

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Deyaar backs Dubai corruption crackdown

Chairman of developer, whose former CEO resigned amid fraud probe, pledges support.

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Dubai's zero tolerance pledge on corruption

UPDATE 1: Emirate's public prosecutor promises strict and prompt action against offenders.

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Deyaar appoints new CEO

Markus Giebel takes over at helm of Dubai developer following Shahin resignation amid police probe.

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Deyaar set to develop One Za'abeel

Deyaar Development has signed an agreement with Dubai Government-owned Investment Corporation of Dubai (ICD), to develop and manage One Za'abeel – the 36-storey mixed-use development which is to be built on the World Trade Center roundabout.

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Dubai developer Deyaar Q2 up 184%

Dubai Islamic Bank affiliate posts $67mn profit on back of sales and international expansion.

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Bank probe sparks calls for compliance

Better bank compliance, transparency urged in wake of investigation into irregularities at Dubai Islamic.

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Deyaar to beat 'expectations' - chairman

Developer will defy profit forecasts, despite police investigation, Al-Shaikh says.

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Dubai Islamic Bank downgraded by Merrill

Dubai Islamic Bank hit by the police investigation into its property affiliate Deyaar.

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Courtroom battle looms in Deyaar saga

WEFME: Authorities have enough evidence to take fraud case to court - chairman.

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Deyaar plans IMPZ residential project

UAE-based property developer Deyaar has launched its US $122.5 million (AED450 million) Oakwood Residency tower in the International Media Production Zone (IMPZ) in Dubai.

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Deyaar axes project with India's Ansal

$5bn agreement to build township near Delhi cancelled by mutual consent, Dubai developer says.

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Four developers under investigation

Dubai's real estate watchdog probing firms for what appears to be non-delivery of projects.

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Deyaar seeks to reassure investors

Chairman says 'incidents in question' occurred in past, already been reflected in financial disclosures.

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Fourth arrest confirmed in Deyaar probe

No charges yet in case, more arrests likely to follow, prosecution source says.

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Third arrest in Deyaar probe

Lebanese national becomes third person arrested over alleged financial irregularities at Deyaar.

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Deyaar scandal escalates with second arrest

Indian exec arrested in connection with alleged financial irregularities, official says.

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Engage the media during crises - Welch

Former General Electric CEO recalls media spat over successor as delegates raise Deyaar crisis.

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Deyaar confirms two directors resign

Dubai property developer releases first quarter results amidst controversy surrounding former CEO.

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Deyaar ex-CEO suspected of embezzlement

Zack Shahin detained for past three weeks on suspicion of embezzling $33mn, media reports.

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Deyaar CEO detained, faces investigation

Zack Shahin under investigation for alleged financial irregularities, Dubai-based firm says.

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At a glance...2007

What a year it has been. Emerging economies continued their rapid growth; oil reached its all-time high at US$100 a barrel; parts of the Middle East experienced - and still experience - great turmoil politically and economically whereas other areas continued to shoot towards prosperity.

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Deyaar ventures into Saudi property boom

Dubai Islamic real estate firms launch joint venture company in kingdom.

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Deyaar set for $5bn India township deal

Dubai real estate giant to clinch deal this year to build homes and offices in suburbs of New Delhi.

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Deyaar unveils $817mn Dubai project

Deyaar Park will be real estate firm's single largest mixed-use development to date.

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Deyaar developing $545mn of projects outside UAE

Dubai-based developer working on projects in Kazakhstan, Turkey and Lebanon, CEO says.

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Deyaar unveils $550mn project

UAE property firm announces residential development in Dubai's International Media Production Zone.

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Stretching the limits of market maturity

Arabian Business reports on Dubai's astonishing real estate story, and asks whether the sector's record growth can continue in the long term.

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Deyaar Silicon Oasis gets new residence

Deyaar launches the first phase of its proposed $109mn initiative at Dubai Silicon Oasis, Sapphire Residence.

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Deyaar names board

Deyaar PJSC held its founding general assembly on 21 June 2007 resulting in the confirmation of its nine-member board of directors and the appointment of Ernst & Young as the company's auditors.

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Deyaar share allocations revealed

Teachers got preferential treatment in the oversubscribed IPO of the property firm.

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Deyaar launches on Al Reem

The real estate firm has unveiled its first Abu Dhabi property on Al Reem Island.

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Deyaar IPO up to 10 times oversubscribed

Property firm claims that $866m offering has attracted at least five times that amount.

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Dubai Islamic launches Deyaar IPO

Dubai Islamic to sell 55% stake in property arm in UAE’s biggest IPO.

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Deyaar eyes Asia expansion

Firm will increase the value of UAE projects five times by 2009 following next week's IPO.

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Deyaar sets up for IPO

UAE real estate company, Deyaar, has announced that it has secured the approval of the UAE's Ministry of Economy to launch its Initial Public Offering (IPO).

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UAE set to see launch of its largest IPO

New projects and mounting assets for Deyaar are pushing the Dubai-based real estate company fast up the property ladder.

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ASGC picks up contract for Windsor Manor

Property developer, Deyaar, has awarded a US $164 (AED600 million) contract to ASGC to build Windsor Manor in Dubai's Business Bay.

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$866m IPO planned for Deyaar

Gulf's biggest public offering in 15 months will be open to Arab nationals only.

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Zack Shahin: Bridging the gap

The CEO of the region’s fastest growing real estate company explains how spotting a niche in the market, and having fun at work, helped him propel Deyaar to the forefront of the industry.

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Main contract due on The Burlington tower

Dubai-based real estate developer, Deyaar, is expected to award the US $82 million (AED300 million) main construction package this week for The Burlington in Business Bay.

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Deyaar to launch IPO

Deyaar, a subsidiary of Dubai Islamic Bank, has announced plans for an Initial Public Offering (IPO) during the first half of 2007.

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Deyaar: 56% rise in capital

Real estate company, Deyaar, has announced a 56% increase in its capital base to US $424 million (AED 1.56 billion) from $272 million (AED 1 billion).

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Deyaar climbs near to 200%

Dubai Islamic Bank's real estate arm, Deyaar, has announced its financial results for 2006

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READER COMMENTS

  1. UAE announces Eid and National Day holidays 02
    21 Nov ' 09 at 10:22
    Is it any wonder that Emiratis are reluctant to work in the private sector? One day extra and no request for early payment of salaries.   More  »
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    21 Nov ' 09 at 14:10
    What happened of Last Minute and their 28 outlets - one on each station?   More  »
  3. Dubai plans start-up help for expat entrepreneurs 01
    21 Nov ' 09 at 11:37
    this is great news really makes sense, especially since Small & Medium Enterprises actually make UAE. I sincerely hope that this is...   More  »

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