Dubai Investments PJSC

Dubai Investments has partnered with Angola's Sovereign Wealth Fund (FSDEA) to develop large-scale real estate projects in Luanda Province, Angola. The agreement aims to promote modern urbanization and sustainable development, initially focusing on Cazanga Island. Key figures at the signing included Khalid Bin Kalban of Dubai Investments and Armando Manuel of FSDEA. Dubai Investments sees this as an opportunity to expand its international presence and apply its real estate expertise to Angola. The FSDEA will participate through a special purpose vehicle holding land rights, facilitating the transformation of land into sustainable communities. The collaboration is expected to create urban, residential, and tourism projects, enhancing Angola's urban and tourism potential.

Emirates Glass, a subsidiary of Dubai Investments PJSC, has entered a five-year agreement with ClearVue Technologies Limited to produce solar glazing solutions in the UAE and GCC. This partnership will allow Emirates Glass to manufacture and distribute ClearVue's solar-integrated glass, which generates electricity from sunlight while maintaining clarity and insulation. The agreement supports the growing demand for sustainable building materials in the region, suitable for various building applications. The collaboration aligns with the UAE's sustainability goals, including the Net Zero by 2050 initiative, and enhances both companies' positions in the renewable energy and glass manufacturing sectors.

Dubai Investments, through its subsidiary Globalpharma, has signed a Memorandum of Understanding (MoU) with Angola’s Ministry of Health to establish a pharmaceutical manufacturing facility in DIP Angola. This agreement, signed during a UAE delegation visit to Angola, aims to enhance bilateral relations and promote local medicine production. The initiative is expected to create jobs, boost healthcare self-sufficiency, and reduce reliance on imported medical products in Angola. The MoU was signed by Khalid Bin Kalban, CEO of Dubai Investments, and Dr. Nídia da Silva Jorge Saiundo from Angola’s Ministry of Health. The collaboration is part of a broader strategy to foster sustainable healthcare development and economic growth in Angola, with Globalpharma leveraging its expertise in producing high-quality medicines. Angola’s Ministry of Health will support the project by coordinating with government bodies for necessary approvals.

Dubai Investments reported a profit before tax of AED 546.28 million for the first half of 2025, an increase from AED 431.68 million in the same period the previous year. For the second quarter of 2025, the profit before tax was AED 361.39 million, up from AED 309.34 million in 2024. This growth was driven by strong performances in the real estate and manufacturing sectors. The company's total assets rose to AED 22.74 billion by June 30, 2025, while equity attributable to owners decreased slightly to AED 13.89 billion. Total income for the period was AED 1.89 billion, down from AED 2.03 billion the previous year. Khalid Bin Kalban, Vice Chairman and CEO, highlighted the strength of the company's diversified portfolio and strategic focus. Looking ahead, Dubai Investments plans to accelerate growth in real estate and financial services, with ongoing projects like Asayel Avenue and Danah Bay progressing steadily. The company also plans to expand its income-generating platforms through initiatives like the Follow-On Public Offering of Al Mal Capital REIT. Dubai Investments aims to enhance shareholder value and deliver long-term sustainable returns.

Dubai Investments PJSC and its subsidiaries have released their condensed consolidated interim financial statements for the six-month period ending on June 30, 2025.

Dubai Investments has initiated construction on Asayel Avenue, a new residential cluster within the AED 2.2 billion Mirdif Hills development in Dubai. The project, developed by Dubai Investment Real Estate, will feature 193 residential apartments with modern layouts, premium finishes, and smart living technologies. Asayel Avenue aims to enhance community living with wellness amenities and landscaped spaces. Construction began in the second quarter of 2025, with completion expected by the second quarter of 2027. The project reflects Dubai Investments' commitment to quality and sustainable urban development.