| From WSJ: Deyaar Development , one of Dubai's largest publicly traded real-estate companies, Sunday posted a 69% decline in second-quarter net profit as the downturn in the emirate's property market hit sales and project delivery.
Deyaar's net profit for the period fell to 75.4 million U.A.E. dirhams ($20.5 million), the company said in a statement on the Dubai Financial Market. Net profit in the second quarter of 2008 had totaled 246.9 million dirhams, more than double than in the second quarter of 2007........Full Article (Subscription Required) : Source
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