Deyaar Development PJSC

Ticker/ISIN

DEYAAR

AED001001018

Market/Country

Dubai Financial Market

United Arab Emirates

About Deyaar Development PJSC

Country of Origin: United Arab Emirates (U.A.E)

Deyaar Development PJSC (the “Company”) was incorporated and registered as a Public Joint Stock Company in the Emirates of Dubai, UAE on 10 July 2007.

The principal activities of the Company and its subsidiaries (together, “the Group”) are property investment and development, mechanical, electrical and plumbing, brokering, facility and property management services.

Latest Pressrelease Summaries from 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.

Disclosure: Press release

a month ago

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.

Disclosure: Press release

2 months ago

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.

Disclosure: Financial statements for the 2nd QTR of 2025

3 months ago

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.

Disclosure: Press release regarding financial results for the 2nd QTR of 2025

3 months ago

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.

Disclosure: Press release

5 months ago

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.

Disclosure: Press release regarding financial results for the first QTR of 2025

6 months ago

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.

Disclosure: Press release

6 months ago

The document is a nomination form for individuals interested in becoming a member of the Board of Directors at Deyaar Development PJSC in Dubai, UAE. Candidates can nominate themselves for three types of memberships: Executive, Non-executive independent, and Non-executive non-independent. To qualify, candidates must comply with UAE Federal Law No (32) of 2021 and the SCA Board of Directors Decision No. (3/R.M) of 2020, among other regulations. Required documents include a resume, statements of board memberships, share ownership, a criminal status certificate, and identification copies. Incomplete applications will be void. Definitions are provided for the different types of board members.

Disclosure: Open the Nominations for BOD Membership

7 months ago