Property Development — FY 2023-25

A TNMM benchmarking study covering Eastern Europe, MENA, Türkiye and 1 more for FY 2023-25, based on 104 accepted comparables. Benchmark run May 2026.

Jurisdiction	Eastern Europe, MENA, Türkiye, United Arab Emirates
Method	TNMM
Financial Year	FY 2023-25
Industry	411 - Development of building projects
Profit level indicator	Net cost plus (NCP) / Operating margin (OM)
Net cost plus (NCP)	22.92%
Operating margin (OM)	18.64%
Accepted comparables	104
Benchmark date	May 2026
Report code	SP-09
Last updated	September 2026

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Property Development — FY 2023-25

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