Deyaar reports Dh266.6 million net profit before tax in H1 2025
ABU DHABI (ALETIHAD) Deyaar Development, an integrated real estate leader in Dubai, posted a 31.6% surge in net profit before tax to Dh266.6 million in the first half of 2025.The company's results significantly outpaced market expectations, with total revenue climbing 39.2% year-on-year to Dh925.4 million in H1 2025, compared to Dh664.4 million in the same period last year. Earnings per share jumped 33.1% to 5.74 fils, from 4.31 fils in H1 2024 and revenue from other businesses also increased by 6.3%, reaching Dh170 million in H1 2025, as compared to Dh159.1 million in H1 2024.In addition, net profit before tax for Q2 2025 amounted to Dh146.8 million, a significant growth from Dh125.1 million in Q2 2024.Deyaar's strong financial performance comes on the heels of strategic project launches across the UAE, including the February debut of AYA Beachfront Residences in Umm Al Quwain – the real estate leader's first residential venture in the northern emirate – and the ambitious Downtown Residences in Dubai, poised to be one of the UAE's tallest residential communities.Commenting on the strong performance, Saeed Mohammed Al Qatami, CEO of Deyaar Development, said, 'We have achieved strong results during the first half of the year and successfully launched remarkable projects. Additionally, we have capitalised on emerging opportunities across the UAE. We have successfully expanded Deyaar's strategic investments in high-potential locations, yielding significant returns and delivering exceptional value to our stakeholders.'
As Deyaar expands its strategic investments in high-potential locations, the company anticipates the handover of five major projects in the second half of the year. With approximately 2,000 units, these developments are expected to significantly enhance liquidity and contribute positively to the overall financial stability.
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