Staff Report
Dubai, UAE
Deyaar Development PJSC, a leading real estate developer and service provider in Dubai, UAE, has announced a 54 percent uptick in net profit before tax for the first three months of 2025. The figure grew from Dh77.6 million in Q1 2024 to Dh119.8 million in Q1 2025. The company also saw strong growth in revenue, which reached Dh433 million in Q1 2025, representing a 32 percent year-on-year (YoY) rise compared to Dh327.8 million in Q1 2024.
Deyaar declared increase in earnings per share from 1.67 fils in Q1 2024 to 2.58 fils in Q1 2025.
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. Our February launch of Aya Beachfront Residences in Umm Al Quwain, our first residential venture in this picturesque emirate, has allowed us to bring Deyaar’s distinctive approach to quality and community-centered living to 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 added, “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. Deyaar is well positioned to deliver on investor demand with our projects that meet both current and future market needs. Our talented team remains focused on adapting, innovating, and exceeding expectations, ensuring sustainable growth.”
Listed on the Dubai Financial Market and majority-owned by Dubai Islamic Bank (DIB), Deyaar is one of Dubai’s leading developers, with real estate ventures spanning key growth corridors and prime locations within the emirate. Over the past two decades, Deyaar has delivered an extensive portfolio of commercial and residential properties, all offering the highest levels of service and quality.
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Also read: Deyaar reports 14.68% growth in profits to Dh505.4 million in 2024
