Deyaar Development, a prominent Dubai-based real estate developer listed on the Dubai Financial Market (DFM), has announced a strong start to 2025, with a net profit before tax of Dh119.8 million for the first quarter, marking a 54 per cent year-on-year increase from Dh77.6 million in the same 2024 period.

The developer’s financial filing on the DFM, also highlighted a 32 per cent year on year revenue growth, reaching Dh433 million compared to Dh327.8 million in the same period last year. Earnings per share rose from 1.67 fils to 2.58 fils, underscoring Deyaar’s strong performance.

Saeed Mohammed Al Qatami, CEO of Deyaar, attributed the results to the company’s strategic vision and ability to capitalise on emerging opportunities. “Our Q1 2025 performance reflects Deyaar’s commitment to quality and community-centric development,” Al Qatami said.

“The launch of AYA Beachfront Residences in Umm Al Quwain, our first project in this emirate, has expanded our footprint and brought our signature approach to new markets. We are poised to unveil more remarkable projects in the coming months, delivering exceptional value to stakeholders.”

The company’s success is underpinned by the UAE’s thriving real estate sector, bolstered by visionary leadership and investor confidence in long-term growth. Al Qatami noted a market shift from renting to ownership, with demand for high-quality projects aligning with the Dubai 2040 Urban Master Plan. “Deyaar is well-positioned to meet this demand through innovative projects that cater to current and future needs,” he added. “Our team’s focus on adaptability and excellence ensures sustainable growth.”

Saeed Mohammed Al Qatami, CEO of Deyaar

Deyaar’s diversified portfolio and selective project strategy have been key to its achievements. The February launch of AYA Beachfront Residences marked a strategic entry into Umm Al Quwain, broadening Deyaar’s presence across the UAE. Upcoming project launches are expected to further strengthen its market position. The company’s emphasis on quality continues to resonate with customers, reinforcing its reputation as a trusted developer.

Majority-owned by Dubai Islamic Bank, Deyaar has built an extensive portfolio over two decades, spanning commercial and residential properties in Dubai’s prime locations and growth corridors. Its commitment to service excellence and high standards has solidified its standing in the competitive real estate landscape.

Deyaar said it aims to sustain its growth trajectory by focusing on strategic, high-value projects that align with market trends and stakeholder expectations. The company’s ability to innovate and adapt positions it to navigate the evolving real estate sector effectively, the company said.