Deyaar Development PJSC

Deyaar Development PJSC

Pressreleases, Reports and Disclosures for Deyaar Development PJSC

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Dubai Financial Market News
Disclosure: Press release regarding financial results for the 2nd QTR of 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.

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Dubai Financial Market News
Disclosure: Results of BOD Meeting
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Dubai Financial Market News
Disclosure: BOD meeting
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Dubai Financial Market News
Disclosure: Press release

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.

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Dubai Financial Market News
Disclosure: Results of Board Decisions by Passing
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Dubai Financial Market News
Disclosure: Financial statements for the 1st QTR of 2025
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Dubai Financial Market News
Disclosure: Press release regarding financial results for the first QTR of 2025

Deyaar Development PJSC, a prominent real estate developer in Dubai, reported a strong financial performance in the first quarter of 2025, with a net profit before tax of AED 119.8 million, marking a 54% increase from AED 77.6 million in Q1 2024. The company's revenue for the period ending March 2025 was AED 433 million, up 32% from AED 327.8 million in the same period of the previous year. Earnings per share rose from 1.67 fils in Q1 2024 to 2.58 fils in Q1 2025. CEO Saeed Mohammed Al Qatami attributed the positive results to Deyaar's strategic vision and successful project launches, including the AYA Beachfront Residences in Umm Al Quwain. He emphasized the company's commitment to future projects and highlighted the UAE's supportive real estate environment, aligning with the Dubai 2040 Urban Master Plan.

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Dubai Financial Market News
Disclosure: Earnings Call
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Dubai Financial Market News
Disclosure: Board Decisions by Passing
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Dubai Financial Market News
Disclosure: Results of Board Decisions by Passing
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Dubai Financial Market News
Disclosure: Press release

Deyaar Development PJSC held its Annual General Assembly in Dubai, where shareholders approved all agenda items, including the election of a new Board of Directors for the 2025-2028 term and a 5% dividend distribution to shareholders. The new board members are Abdulla Ali Al Hamli, Hamad Mubarak Buamim, Adnan Chilwan, Mohammed Saeed Al Sharif, Maryam Mohammed Bin Faris, Mohammed Rashed Bin Dhabeah Al Ketbi, and Rashid Hasan Al Daboos. This decision reflects confidence in Deyaar's strategic direction and financial performance. Deyaar, a leading real estate developer in the UAE, continues to impact the real estate sector significantly, emphasizing excellence and innovation. Established in 2002, the company has grown substantially, with a share capital of AED 4.38 billion, and is committed to providing comprehensive real estate solutions across the UAE.

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Dubai Financial Market News
Disclosure: Resolutions of General Assembly
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