Deyaar Posts AED 119.8 Million Net Profit Before Tax in Q1 2025, Marking 54% Year-on-Year Growth
Deyaar Development PJSC, a leading real estate developer and service provider in the UAE, has delivered a strong financial performance in the first quarter of 2025, reporting a net profit before tax of AED 119.8 million, up 54% from AED 77.6 million in Q1 2024. The results were announced in a filing with the Dubai Financial Market (DFM), where Deyaar is publicly traded.
Revenue for Q1 2025 reached AED 433 million, marking a 32% increase from AED 327.8 million in the same period last year. Earnings per share also rose to 2.58 fils, up from 1.67 fils in Q1 2024.
Commenting on the results, Saeed Mohammed Al Qatami, CEO of Deyaar Development, said:
“Our positive financial results for Q1 2025 reflect Deyaar’s long-term strategic vision that has positioned us as a trusted and preferred developer in the UAE’s dynamic real estate landscape. Our February launch of AYA Beachfront Residences in Umm Al Quwain, our first residential project in the emirate, exemplifies our expansion strategy and commitment to quality community-focused living.”
Al Qatami emphasized that the UAE’s robust real estate environment, supported by visionary leadership and long-term planning initiatives like the Dubai 2040 Urban Master Plan, has sustained investor confidence and increased demand for ownership over renting.
“We are witnessing a strong market shift toward ownership, driven by demand for quality developments. Deyaar is well-positioned to meet this demand through thoughtful project launches and a clear focus on delivering long-term value,” he added.
Looking forward, Deyaar plans to continue launching selective, high-impact projects aligned with market needs, underpinned by a strategic approach and commitment to innovation, sustainability, and stakeholder value.
As a majority-owned subsidiary of Dubai Islamic Bank (DIB), Deyaar continues to expand its footprint across key growth corridors in Dubai, with a two-decade legacy of delivering high-quality commercial and residential developments.
