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Published on 11/05/2025

Deyaar's net profit increases 24% to Dh406 million.

Deyaar's net profit increases 24% to Dh406 million on improved development revenue.

Deyaar marked a strong nine months of 2025 with around a 24 percent year-on-year rise in net profit to Dh406.4 million off the back of strong development activity. Its profit before tax went up 22.1% to Dh425.7 million, while total revenue rose 39.1% to Dh1.45 billion in the same period.

The largest contributor to the revenue growth came from property development income, which soared 46.4% to Dh1.19 billion. Other business segments generated Dh251 million, representing an increase of 12.2% over the same period last year. That also indicates diverse sources of income for the company.

Earnings per share increased from 7.51 fils to 9.33 fils, while total assets increased to Dh7.59 billion, representing a 12.3% increase, mainly due to continued investment in land acquisition and project development.

Saeed Mohammed Al Qatami, Chief Executive Officer of Deyaar, said, "These numbers show that our approach to building communities that appeal to a wide range of investors and residents has worked."  "Our strong profit margins and strong revenue growth are due to our strategic plans and disciplined execution."

Al Qatami added that this momentum could be reflected in some of the company's recent major projects, including Downtown Residences and the last phase of the Park Five community in Dubai, as well as AYA Beachfront Residences in Umm Al Quwain.

This was helped by progress at several high-profile projects, including Downtown Residences 445-meter tower scheduled for completion in the fourth quarter of 2030. The ultra-luxury high-rise comprises in excess of 110 floors and represents Deyaar's maiden foray into the ultra-luxury vertical living market, with the development set to be a new residential landmark in central Dubai.

The project shows that Deyaar is changing its strategy by focusing on bigger projects that will attract wealthy buyers. Deyaar's strong performance in the past nine months shows the overall trend in Dubai's real estate market, which is experiencing continued demand for homes due to a growing population, foreign investment, and government programs.