Deyaar cancels Enclave project in Dubai
Real estate developer Deyaar has formally cancelled its Enclave project in Dubai after making a full refund to all investors.
The net profit of Dubai developer Deyaar fell 69.5% y/y to reach AED 75.4mn in Q2 this year, as the emirate's real estate sector continued to suffer a sharp slowdown, the company said in a statement.