Deyaar Development PJSC reported a 54% year-on-year increase in net profit before corporate tax for the first quarter of 2025, according to its latest financial disclosure to the Dubai Financial Market.
For the three-month period ending March 31, Deyaar posted a profit of Dhs 119.8 million, up from Dhs 77.6 million in Q1 2024.
The company also recorded a 32% rise in revenue, reaching Dhs 433 million, compared to Dhs 327.8 million during the same period last year.
Deyaar CEO cites strategic growth
Commenting on the results, Saeed Mohammed Al Qatami, CEO of Deyaar Development, said: “Our positive financial results for Q1 2025 reflect by Deyaar’s long-term strategic vision that has positioned us as a trusted and preferred developer in the UAE’s dynamic real estate landscape.
The consistent growth that we are experiencing stems directly from our well-planned project launches and our ability to identify emerging opportunities across the emirates.”
He added that Deyaar’s recent entry into Umm Al Quwain with the AYA Beachfront Residences in February marked a step towards reaching new markets.
“We are also pleased to announce that we are committed to launching remarkable projects in the upcoming months, which will further enhance our mission and deliver exceptional value to our stakeholders,” he said.
Market outlook and plans
Al Qatami also pointed to broader market trends. “The UAE’s visionary leadership continues to foster a globally competitive real estate sector, which has maintained investor confidence in long-term capital appreciation. We are witnessing a significant transition from renting to ownership, focusing on quality over quantity and aligning with the Dubai 2040 Urban Master Plan.”
Looking ahead, Deyaar said it would maintain its focus on targeted project development while continuing to adapt to evolving market demands. The company, majority-owned by Dubai Islamic Bank, remains active in key Dubai locations and growth corridors.
tanvir@dubainewsweek.com
