Deyaar Development PJSC

Deyaar Development PJSC has announced the final phase of the Park Five community in Dubai Production City, featuring the new Ivy and Alder projects. This phase includes 277 residential units with modern designs, aligning with the Dubai Urban Plan 2040 to enhance community living and sustainability. The Ivy project offers luxurious duplex units, studios, and one- and two-bedroom apartments, while Alder provides one-, two-, and three-bedroom apartments. Both projects offer amenities such as co-working spaces, dining options, a gym, swimming pools, play areas, barbecue spots, and rooftops for social interaction and relaxation. Saeed Mohammed Al Qatami, CEO of Deyaar, emphasized the project's role in meeting the demand for diverse housing options and promoting a high quality of life.

Deyaar Development PJSC has appointed Bassam El Ghawi as its new Chief Financial Officer. Previously, El Ghawi served as the Chief Audit Executive at Deyaar and has over 30 years of experience in auditing, risk management, governance, compliance, and financial operations. He has held leadership roles at Union Properties, Arabtec Holding, and Dubai Airports. His appointment is part of Deyaar's strategy to enhance its financial structure and achieve long-term operational excellence. The company's leadership expressed confidence in El Ghawi's ability to support Deyaar's growth and strengthen its financial initiatives. El Ghawi looks forward to implementing financial strategies that align with Deyaar's vision.

Deyaar Development (P.J.S.C) has released its review report and unaudited interim condensed consolidated financial statements for the period ending 30 June 2025.

Deyaar reported a net profit before tax of AED 266.6 million for the first half of 2025, marking a 31.6% increase compared to the same period in 2024. The company's revenue for this period reached AED 925.4 million, representing a 39.2% year-over-year increase. Total assets grew by 7.5% to AED 7,342.8 million, and earnings per share rose by 33.1% to 5.74 fils. Key announcements include the launch of the "Downtown Residences," a significant residential project in the UAE, and a strong outlook for the second half of the year, supported by the completion of five major projects and a focus on operational efficiency.

Deyaar Development PJSC has announced the launch of Downtown Residences in Dubai, a significant real estate project featuring twin towers that will become one of the UAE's tallest vertical residential communities at 445 meters with over 110 floors. This ambitious development is strategically located within the area known as the golden triangle, encompassing Sheikh Zayed Road, Downtown Dubai, and Business Bay. It aims to be a new architectural icon in the city with a completion date set for the fourth quarter of 2030. The project will offer a range of luxury living options, including premium apartments, duplexes, penthouses, and a Royal Palace. Amenities will include co-working spaces, AI yoga pods, spas, and dining options. Positioned near the Business Bay metro station, the residences will provide views of downtown Dubai, the Burj Khalifa, the Arabian Gulf, and Sheikh Zayed Road. The development includes 522 residences, and Deyaar's CEO, Saeed Mohammed Al Qatami, stated that the project is intended to set a new standard for luxury living and create investment opportunities, contributing to Dubai's growth and development.