Dubai’s Deyaar Development, listed on the Dubai Financial Market, has reported a significant increase in its net profits for the first nine months of 2026. The company recorded a 17.8% rise in post-tax profits, amounting to AED 479 million, compared to AED 406.4 million during the same period in 2025.
Revenues Reach AED 1.52 Billion
During the first three quarters of 2026, Deyaar’s revenues soared by 5.2%, reaching AED 1.523 billion, up from AED 1.447 billion in 2025. For the third quarter alone, the company achieved a revenue growth of 9.3%, totalling AED 570.3 million, compared to AED 521.6 million in the corresponding quarter last year.
Increase in Earnings Per Share
The basic and diluted earnings per share for the first nine months of 2026 stood at 10.19 fils, an increase from 9.33 fils in the same period of 2025. In the third quarter, the earnings per share also rose to 3.87 fils, up from 3.59 fils in the previous year.
Over 2,100 Residential Units Delivered
Deyaar has demonstrated its commitment to client obligations, delivering over 2,100 residential units from the beginning of 2026 to October, spread across various developments. This performance highlights the company’s capability to convert its sales portfolio into completed projects, thereby supporting future revenue clarity and enhancing investor and customer confidence.
Saeed Mohammed Al Qatami, CEO of Deyaar, emphasised that adherence to delivery schedules and operational efficiency have been core to the company’s financial and operational success in the first nine months of the year. He noted that the consistent delivery of residential units has allowed the company to realise its sales portfolio into tangible value, showcasing the clarity of its strategic vision and disciplined execution, which helps solidify Deyaar’s position and enhance trust among a diverse investor base.
Al Qatami added that the company is basing its long-term growth plans on the economic fundamentals of Dubai, including the Dubai Economic Agenda ‘D33’ and the Dubai Urban Plan 2040, aimed at achieving sustainable value for shareholders. He pointed out that Deyaar is entering the fourth quarter of 2026 and looking ahead to the next year with a clear vision for its project portfolio, focusing on improving operational and financial robustness while adopting a measured expansion approach that supports sustainable value generation across various economic cycles.