Deyaar Reports 23.3% Rise in Q1 2026 Profit Before Tax Amid Strong Real Estate Demand
Deyaar Development PJSC has announced strong financial results for the first quarter of 2026, reporting continued growth in profitability, revenue, and total assets as Dubai’s property market maintains positive momentum.
The Dubai-listed real estate developer posted a 23.3 per cent increase in profit before tax for the year-to-date period ending March 2026, reaching AED 147.7 million compared to AED 119.8 million during the same period in 2025.
Total revenue rose by 3.2 per cent to AED 447.1 million, up from AED 433.4 million in the first quarter of last year, supported by strong performance in property and facility management operations despite softer conditions in the hospitality segment.
Total Assets Cross AED 8.1 Billion
The company’s total assets increased by 12.1 per cent year-on-year, reaching AED 8.15 billion as of March 31, 2026, compared to AED 7.27 billion in the corresponding period last year.
Saeed Mohammed Al Qatami said the results reflected a productive start to 2026 and highlighted the company’s ability to sustain long-term growth despite ongoing global economic uncertainty.
He noted that the UAE and Dubai entered the current period of regional and global tensions from a position of strength, supported by strong fiscal reserves, supply chain flexibility, and healthy consumer demand.
According to Al Qatami, Dubai’s real estate market fundamentals remain robust due to sustained demand and favourable economic conditions, allowing Deyaar to capitalise on emerging opportunities while maintaining profitability.
Major Project Handovers Completed
During the first quarter, Deyaar handed over 1,425 residential units across three key developments in Dubai, including:
- Regalia in Business Bay
- Jannat in Midtown
- Talia Residences in Al Furjan
The company said these handovers align with Dubai’s 2040 Urban Master Plan and demonstrate Deyaar’s commitment to delivering quality developments and enhancing the emirate’s urban landscape.
Deyaar added that its strong project backlog and disciplined balance sheet management position the company well to meet growing demand and support future expansion.
