Latest news with #DeyaarDevelopment
Zawya
2 days ago
- Business
- Zawya
Dubai's Deyaar to launch 110-storey residential tower in Business Bay
Deyaar Development is set to launch a 110-storey residential tower in Business Bay, according to a project brochure released by the developer. 'Rising 110 floors, DWTN Residences is a landmark destination where life's finest experiences converge,' the Dubai-listed developer said in an emailed brochure. 'The tower will offer 180-degree views and over 75,000 square feet (sq ft) of unparalleled facilities and amenities,' the brochure said. The developer is currently gauging the interest from real estate agents and buyers for one-, two-, and three-bedroom apartments. No details were given on the launch date or costs. In January 2025, Refine Development Management said its investment and development arm will launch a 100-storey twin-tower lifestyle development on Sheikh Zayed Road this year. Last year, three developers launched mega-tall towers in Dubai. In January 2024, Danube Properties unveiled Bayz101, a 101-floor tower in Business Bay. Select Group launched its 122-storey Six Senses Residences Dubai Marina in April, followed by Azizi Developments launching the 131-storey Burj Azizi in September. In November 2022, Binghatti and Jacob & Co. launched the over 100-storey Burj Binghatti Jacob & Co Residences. Dubai is already home to the 828-meter Burj Khalifa, the tallest building in the world. Additionally, the emirate hosts five of top 10 tallest residential buildings in the world - the101-storey Marina 101 tower; 101-storey Princess Tower; 88-storey 23 Marina; 91-storey Elite Residence and 80-storey The Torch, all located in Dubai Marina. (Editing by Anoop Menon) (
Zawya
14-05-2025
- Business
- Zawya
Deyaar delivers strong start to the year with AED119.8mln net profit before tax in Q1 2025, up 54% YoY
Key financial highlights: Net profit before tax for Q1 2025 amounted to AED 119. 8 million, a significant growth from AED 77.6 million in Q1 2024. Revenue for the three-month period ending March 2025 reached AED 433 million, compared to AED 327.8 million for the period ending in March 2024, reflecting a 32% YoY increase. Earnings per share increased from 1.67 fils in Q1 2024 to 2.58 fils in Q1 2025. Dubai, UAE: Deyaar Development PJSC ("Deyaar"), a leading real estate developer and service provider in Dubai, UAE, has reported a strong start to the year, with a YoY increase in its Q1 2025 profits compared to the same period in 2024. This was announced today in a filing with the Dubai Financial Market (DFM), where Deyaar's shares are traded. Deyaar's net profit before corporate tax for the three-month period ending 31st March 2025 surged to AED 119.8 million, reflecting a remarkable 54% YoY increase from AED 77.6 million in the same period of 2024. The company also saw strong growth in revenue, which reached AED 433 million in Q1 2025, representing a 32% rise compared to AED 327.8 million in Q1 2024. Saeed Mohammed Al Qatami, CEO of Deyaar Development, said: 'Our positive financial results for Q1 2025 reflect by Deyaar's long-term strategic vision that has positioned us as a trusted and preferred developer in the UAE's dynamic real estate landscape. 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 this picturesque emirate, has allowed us to bring Deyaar's distinctive approach to quality and community-centered living to new markets. 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 ' He added: 'The UAE's visionary leadership continues to foster a globally competitive real estate sector, which has maintained investor confidence in long-term capital appreciation. We are witnessing a significant transition from renting to ownership, focusing on quality over quantity and aligning with the Dubai 2040 Urban Master Plan. Deyaar is well positioned to deliver on investor demand with our projects that meet both current and future market needs. Our talented team remains focused on adapting, innovating, and exceeding expectations, ensuring sustainable growth.' Looking ahead, Deyaar continues its journey of transformation and success, anchored by a diversified portfolio and a strategic focus on selective projects. The company's firm dedication to quality remains paramount, ensuring that it consistently meets and exceeds the expectations of its customers and stakeholders. Listed on the Dubai Financial Market and majority-owned by Dubai Islamic Bank (DIB), Deyaar is one of Dubai's leading developers, with real estate ventures spanning key growth corridors and prime locations within the emirate. Over the past two decades, Deyaar has delivered an extensive portfolio of commercial and residential properties, all offering the highest levels of service and quality. About Deyaar Deyaar Development PJSC is a leading real-estate developer and real-estate services company, headquartered in Dubai. Since its establishment in 2002, the company has registered exponential growth to become an industry leader in the region, with a share capital of AED4.38 billion. Deyaar is well-positioned to play a pivotal role in the development of the region's property landscape. The company's in-depth market intelligence, world-class services, and unrivalled property management support for communities across diverse portfolios have firmly consolidated its pioneering status in the region's real estate landscape.
Zawya
12-05-2025
- Business
- Zawya
Umm Al Qaiwain marks groundbreaking of AYA Beachfront Residences
The Emirate of Umm Al Qaiwain today held a special ceremony to mark the laying of the foundation stone for the 'AYA Beachfront Residences' project, launched by Deyaar Development in collaboration with Umm Al Qaiwain Properties. This ambitious project aligns with Deyaar's vision to strengthen its position as a leading developer in the UAE real estate market. Construction is expected to be completed in Q4 2027. The first phase of AYA Beachfront Residences will feature 442 premium residential units, offering a diverse selection ranging from one- to five-bedroom layouts. The units are designed with an innovative approach that reflects the beauty of nature, featuring interiors inspired by coastal surroundings. The development also includes resort-style amenities that provide residents with truly distinctive living experience. In addition, the project features a range of residential options, including penthouses, sky villas, and ground-level duplex apartments, offering a diverse mix of living options. The development is designed with advanced architectural principles, incorporating balconies that overlook the sea and historic landmarks, creating a perfect balance between heritage and modernity. Strategically located, the project is just 40 minutes from Dubai International Airport and 20 minutes from both Ras Al Khaimah and Sharjah, ensuring easy access to key emirates. It is also in close proximity to areas rich in history and heritage, offering residents a unique blend of contemporary living and deep-rooted heritage. Umm Al Qaiwain is seeing increased interest as a place to live, thanks to its tranquil lifestyle, and diverse range of amenities.
Zawya
18-04-2025
- Business
- Zawya
Deyaar's general assembly greenlights dividends for 2024
Dubai – The annual general assembly of Deyaar Development approved a 5% dividend distribution for 2024, according to a press release. The dividend aligns with Deyaar's plans to transform the UAE's real estate landscape through pioneering developments that exemplify excellence and innovation. The company logged net profits after tax amounting to AED 473.91 million during 2024, compared to AED 440.71 million in 2023. Total revenue jumped by 20.61% to AED 1.51 billion last year from AED 1.25 billion in 2023. Source: Mubasher
Mid East Info
26-02-2025
- Business
- Mid East Info
Deyaar makes debut in Umm Al Quwain with AYA Beachfront Residences, a sanctuary for luxury and wellness - Middle East Business News and Information
AYA Beachfront Residences is an integrated community and Deyaar's first-ever residential project in Umm Al Quwain. A pioneering vision for UAQ's beachfront, Phase 1 offers 442 residential units, including premium 1- to 5-bedroom residences with nature-inspired interiors reflecting the coast. Strategically located along the pristine Umm Al Quwain beachfront, the development will feature penthouses, sky villas, and duplexes, with future phases including a marina, retail, and cultural venues, while creating lifestyle opportunities. Dubai, UAE – February 2025: Deyaar Development PJSC, the UAE's leading real estate developer and property management company, has announced the launch of AYA Beachfront Residences—its first-ever residential project in the Emirate of Umm Al Quwain. This marks Deyaar's expansion into one of the country's most promising and picturesque emirates, bringing its signature blend of innovation, quality, and community-focused living. Strategically located along the pristine Umm Al Quwain beachfront, the development is envisioned as an integrated community pillared on four key elements: residential, wellness, community, and smart living. Designed to cater to the growing demand for high-quality residences in emerging areas, it offers a blend of luxury, comfort, and convenience. Commenting on the launch, Saeed Mohammed Al Qatami, CEO at Deyaar Development, said: 'AYA Beachfront Residences, our first residential project in Umm Al Quwain has been designed to honor the stunning natural beauty of its location. We are grateful to the visionary leadership of Umm Al Quwain for supporting us in our endeavor to elevate the real estate landscape of the UAE. With this visionary project, Deyaar has once again raised the bar for world-class, sustainable, and value-driven developments while creating a new destination to attract global investors to the UAE. Reflecting our commitment to creating exceptional living spaces, this development offers a tranquil beachfront getaway with superb connectivity and excellent community living amenities that are ideal for families and investors while also creating local job opportunities and further boosting the economy.' Phase 1 of the project will feature a collection of 442 premium residential units, offering one- to five-bedroom residences with nature-inspired interiors reflecting the coast, contemporary design that connects with nature, and private resort-style amenities for an exclusive living experience. The development will also include penthouses, sky villas, and ground-level beach homes (duplexes). With a thoughtful design approach, AYA Beachfront Residences offers fluid architecture with terraces overlooking the ocean and historic sites, blending heritage with modernity. The project features premium finishes that elevate the living experience, including fully furnished kitchens equipped with high-end appliances. Each unit is thoughtfully designed with environmentally conscious materials, reflecting a commitment to sustainability while ensuring luxury and comfort. This attention to detail not only enhances the aesthetic appeal but also promotes an eco-friendly lifestyle, making it an ideal choice for discerning residents who value both quality and sustainability. The project will be a walkable 15-minute community connecting residential, cultural, and leisure spaces, with future phases adding a marina, retail, and cultural venues. while enhancing people's living experiences. Wellness and leisure facilities include a beach club, wellness center with Yoga center, spa, infinity pool and kids' zone. The vibrant community hub includes cafes, dining destinations, and multi-purpose recreational areas. The project is designed for smart living, with integrated security, smart home features, a business center and smart parking. AYA Beachfront Residences is strategically located just 40 minutes from Dubai Airport, providing convenient access for both residents and visitors. It is also a mere 20 minutes from Ras Al Khaimah and Sharjah, ensuring connectivity to key emirates. Additionally, the site is in close proximity to the old town, rich in heritage and culture, offering a unique blend of modern living and historical significance. This prime location not only enhances the appeal of the project but also fosters a vibrant community that celebrates both contemporary amenities and traditional values. With this launch, Deyaar continues to strengthen its position as a key player in the UAE's real estate sector, offering investors and homebuyers an attractive opportunity to be part of a fast-growing community. The project is scheduled for completion in Q4 of 2027.
