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 (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

4 days 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

4 days 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

2 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

3 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

4 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

5 months ago

Deyaar Development PJSC's Board of Directors invites shareholders to attend the Annual General Assembly Meeting on April 16, 2025, at 11:00 AM, both electronically and in person at Millennium Al Barsha, Dubai. The agenda includes reviewing the Board's report on the company's activities and financial position for 2024, approving the auditor's report, the balance sheet, and profit and loss account for 2024. It also involves discussing a proposal for a 5% cash dividend, approving Board remuneration, discharging liabilities for the Board and auditors, appointing new auditors, and amending the Board's composition to seven members. Shareholders will also elect Board members. E-voting details are provided, and shareholders must register before the meeting starts. Proxies must be submitted 48 hours before the meeting. The meeting requires at least 50% shareholder attendance or representation. If quorum is not met, a second meeting will be held on April 23, 2025. Further details and reports are available on Deyaar and Dubai Financial Market websites.

Disclosure: Invitation of General Assembly

5 months ago

Deyaar Development PJSC has announced the launch of AYA Beachfront Residences, its first residential project in Umm Al Quwain, UAE. This development marks Deyaar's expansion into the emirate, offering a blend of luxury and wellness in a beachfront community. Phase 1 will feature 442 residential units, including one- to five-bedroom residences with nature-inspired interiors. The project aims to create a new destination for global investors while providing lifestyle opportunities and boosting the local economy. Future phases will include additional amenities such as a marina and cultural venues.

Disclosure: Press release

5 months ago

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Dubai Financial Market News

News Update From Deyaar Development PJSC a year ago

Disclosure: BOD meeting

1. Attached Document

AkSharesKumar

Commented on RealEstateKings Transaction regarding Deyaar Development PJSC a year ago

Smart move! Diversifying into Deyaar Development at 0.74 AED shows sharp foresight. Real estate can balance your Utilities investments well. Keep shining and building that robust portfolio!

ShareUkKhan

Commented on RealEstateKings Transaction regarding Deyaar Development PJSC a year ago

Wow, what a move! Deyaar Development is a solid pick at 0.661 AED. Diversifying into real estate is always a smart play. Keep shining like a star!

ShareUkKhan

Commented on RealEstateKings Transaction regarding Deyaar Development PJSC a year ago

Ah, Deyaar Development! A bold move, my friend. Diversifying into Industrials next could be your blockbuster sequel. Keep the suspense alive! 🌟

Dubai Financial Market News

News Update From Deyaar Development PJSC a year ago

Disclosure: Notification from the company

1. Attached Document

Dubai Financial Market News

News Update From Deyaar Development PJSC a year ago

Disclosure: Financial statements for the 1st QTR of 2024

1. Attached Document

Dubai Financial Market News

News Update From Deyaar Development PJSC a year ago

Disclosure: Press release regarding financial results for the 1st QTR of 2024

In Q1 2024, Deyaar Development PJSC reported a 38% year-on-year increase in its net profit before tax, reaching AED 77.5 million, up from AED 56.4 million in Q1 2023. The company's total assets increased by 7%, reaching AED 6,704 million, and its revenue for the three-month period ending March 2024 was AED 327.8 million, a 5% increase from the previous year. Liquidity also increased due to robust receivables and increased customer advances. Earnings per share increased from 1.29 fils in Q1 2023 to 1.67 fils in Q1 2024. The company also announced the approval of dividend distribution for the first time in its history.

1. Attached Document

Dubai Financial Market News

News Update From Deyaar Development PJSC a year ago

Disclosure: Resolutions of General Assembly

On 18th April 2024, Deyaar Development PJSC held an online general assembly meeting chaired by Mr. Abdallah Ali Obaid Al Hamli, with a quorum of 51.32%. The meeting approved the Board of Directors' report on company activities and financial position for the year ended 31st December 2023, the Auditor's report on the company's financial position for the same period, and the company's balance sheet and profit and loss account. The meeting also approved a cash dividend proposal of 4% of the share capital, the Board's remuneration proposal, and discharged the members of the Board and the company's auditors for the year ended 31st December 2023. The assembly also appointed the company's external auditors and determined their fees.

1. Attached Document

Dubai Financial Market News

News Update From Deyaar Development PJSC a year ago

Disclosure: Postponing General Assembly

1. Attached Document

Dubai Financial Market News

News Update From Deyaar Development PJSC a year ago

Disclosure: Integrated report for the year 2023

1. Attached Document

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