First Dubai Real Estate Reports Increase In Operating Revenues


News: First Dubai Real Estate Development, a subsidiary of Kuwait-based Al-Mazaya Holding Company has reported a net profit of KWD6.7mn (US$ 23.76mn) for 2013. The company's operating revenues grew 92% to KWD5.3mn (US$18.79mn) in 2013 from KWD2.76mn (US$9.78mn) in 2012. Revenue from project sales grew 135% to KWD3.8mn (US$13.47mn) in 2013 compared with KWD1.6mn (US$5.67mn) in 2012.

This article is tagged to:
Sector: Real Estate
Geography: Kuwait