The financial results of Deyaar Development PJSC for the first quarter of 2025 revealed a remarkable performance, reflecting the strength of its investment strategy and its calculated expansion in the UAE real estate market—particularly in Dubai.
The company recorded revenues of AED 433 million, marking an increase of over 32% compared to the same period in 2024. Net profit after taxes rose to AED 113 million, compared to AED 72.9 million in Q1 2024, representing a 55% growth.
This strong performance was driven primarily by the real estate development segment, which contributed over 82% of total revenues and achieved net profits exceeding AED 95 million, supported by ongoing project expansions and rising demand for residential and investment units.
Deyaar Development Revenue and Net Profit Trends
| Year | Quarter | Revenue (AED million) | Net Profit (AED million) | EPS (Fils) |
|---|---|---|---|---|
| 2024 | Q1 | 327.8 | 73.0 | 1.7 |
| 2024 | Q2 | 336.6 | 115.7 | 2.6 |
| 2024 | Q3 | 376.1 | 139.8 | 3.2 |
| 2024 | Q4 | 472.3 | 145.6 | 3.3 |
| 2025 | Q1 | 433.0 | 113.0 | 2.6 |
While the hospitality and facilities management segments remained stable, the company also recorded a significant increase in operating cash flows, reaching AED 116.6 million, highlighting management’s efficiency in improving operational returns and managing working capital.
At the asset level, the value of investment properties rose to AED 897 million, while properties held for development and sale reached approximately AED 478 million, reinforcing a solid foundation of future projects capable of supporting sustainable growth.
This robust performance continues to strengthen Deyaar’s position as a key player in the UAE’s real estate sector, amid sustained market momentum, an attractive regulatory environment, and growing investor preference for real estate as a safe and profitable asset class.
