In a remarkable financial turnaround, Dubai-based Deyaar has reported a 54% increase in net profit before tax for Q1 2025, showcasing robust growth amidst an evolving real estate landscape. This impressive performance is underpinned by a significant boost in revenue, marking a promising start for the year for one of the region’s premier development firms.
Strong Revenue Growth
A 32% year-on-year increase in revenue has set the stage for Deyaar’s robust performance in early 2025. The company recorded revenue of AED 433 million (US$ 117.9 million) in the first quarter, compared to AED 327.8 million (US$ 89.26 million) in the same period last year. This surge in revenue directly correlates with a 54% year-on-year increase in net profit before tax, which rose to AED 119.8 million (US$ 32.62 million) from AED 77.6 million (US$ 21.13 million) in Q1 2024.
Leadership Insights
Saeed Mohammed Al Qatami, CEO of Deyaar Development, emphasized the significance of these achievements by stating, “Our positive financial results for Q1 2025 reflect Deyaar’s long-term strategic vision that has positioned us as a trusted and preferred developer in the UAE’s dynamic real estate landscape.” Al Qatami attributes this growth to strategic project launches and a keen eye for emerging market opportunities.
Innovative Projects on the Horizon
Highlighting Deyaar’s recent ventures, Al Qatami noted, “The consistent growth that we are experiencing stems directly from our well-planned project launches and our ability to identify emerging opportunities across the emirates. Our February launch of AYA Beachfront Residences in Umm Al Quwain, our first residential venture in the emirate, has allowed us to bring Deyaar’s distinctive approach to quality and community-centered living to new markets.” This initiative illustrates Deyaar’s commitment to expanding its footprint in the region, further enhancing its portfolio.
A Vision for the Future
Deyaar, established in 2002 and listed on the Dubai Financial Market (DFM), is majority-owned by Dubai Islamic Bank (DIB) and has extensive real estate holdings across key growth corridors within the emirate. Al Qatami expressed optimism for the future, stating, “We are also pleased to announce that we are committed to launching remarkable projects in the upcoming months, which will further enhance our mission and deliver exceptional value to our stakeholders.” This statement aligns with Deyaar’s vision to remain at the forefront of the UAE’s thriving real estate sector.