Latest news with #DeyaarDevelopment
Arabian Business
6 days ago
- Business
- Arabian Business
Deyaar's H1 net profit before tax jumps 31.6% to $72.6mn
Deyaar Development took another step in its financial turnaround, posting a 31.6 per cent increase in net profit before tax to AED 266.6 million (US$72.6 million) in its financial results announced for the first half of 2025. Increasing confidence of investors and the strong demand in Dubai's real estate market, in addition to the company's high efficiency in project execution led the company to significantly outpace market expectations, with total revenue climbing 39.2 per cent year-on-year to AED 925.4 million (US$252 million) in H1 2025, compared to AED 664.4 million (US$180.9 million) in the same period last year. Deyaar posts strong H1 2025 growth Earnings per share jumped 33.1 per cent to 5.74 fils (compared to 4.31 fils in H1 2024) and revenue from other businesses also increased by 6.3 per cent, reaching AED 170 million (US$46.3 million), up from AED 159.1 million (US$43.3 million). Net profit before tax for the second quarter was at AED 146.8 million (US$40 million), a significant growth from AED 125.1 million (US$34 million) from a year ago. Total assets increased by 7.5 per cent, reaching AED 7,342.8 million (US$1.99 billion) as of 30 June 2025 – a jump from AED 6,832.9 million (US$1.86 billion) on 30 June 2024. Saeed Mohammed Al Qatami, CEO of Deyaar Development, commented: '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. 'By leveraging our focused vision and effective execution strategy, we aim to continue our journey of growth by being focused on creating added value for all stakeholders, founded on gaining the trust of investors. We remain optimistic about our outlook for the second half of the year, confident that our proactive strategies and robust project pipeline will further reinforce our financial stability.' Deyaar recently announced project launches across the UAE, including the AYA Beachfront Residences in Umm Al Quwain in February, which is the company's first residential venture in the northern emirate, as well as the Downtown Residences in Dubai. The company anticipates the handover of five major projects in the second half of 2025. With approximately 2000 units, these developments are expected to significantly enhance liquidity and contribute positively to the overall financial stability.
Al Etihad
7 days ago
- Business
- Al Etihad
Deyaar reports Dh266.6 million net profit before tax in H1 2025
31 July 2025 20:29 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 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 addition, net profit before tax for Q2 2025 amounted to Dh146.8 million, a significant growth from Dh125.1 million in Q2 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 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.
Khaleej Times
7 days ago
- Business
- Khaleej Times
Dubai: Deyaar net profit before tax jumps 31.6% in first half of 2025
Deyaar Development , an integrated real estate leader in Dubai, on Thursday announced that first half net profit before tax rose 31.6 per cent to Dh266.6 million. Total revenue climbing 39.2 per cent year-on-year to Dh925.4 million in H1 2025, compared to Dh664.4 million in the same period last year. This performance is driven by the increasing confidence of investors and the strong demand observed in Dubai's real estate market, in addition to the company's high efficiency in project execution. Earnings per share jumped 33.1 per cent to 5.74 fils, from 4.31 fils in H1 2024 and revenue from other businesses also increased by 6.3 per cent, 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. 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.' 'By leveraging our focused vision and effective execution strategy, we aim to continue our journey of growth by adopting a strategy focused on creating added value for all stakeholders, founded on gaining the trust of investors for the long term. We remain optimistic about our outlook for the second half of the year, confident that our proactive strategies and robust project pipeline will further reinforce our financial stability and unlock additional value for 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 2000 units, these developments are expected to significantly enhance liquidity and contribute positively to the overall financial stability. Deyaar's robust pipeline is set to support revenue generation and operational efficiency, reinforcing its competitive edge in a market characterized by strong end-user demand and heightened interest from global investors. The underlying strength of the UAE economy, supported by pro-growth policies and a business-friendly environment, bolsters confidence in Deyaar's growth trajectory.
Zawya
7 days ago
- Business
- Zawya
Dubai-listed Deyaar's Q2 net profit climbs 17.5% YoY to $37.56mln
The Dubai-listed Deyaar Development saw its net profit attributable soar 17.5% year-on-year (YoY) to 137.9 million UAE dirhams ($37.56 million) for the second quarter of 2025, which the company attributed to strategic project launches in the UAE. Revenue for the quarter climbed 37.6% YoY to AED492.4 million. The real-estate developer also saw net profit attributable for H1 2025 soar to AED 250.9 million from the previous year's AED 188.7 million. Total revenue for H1 2025 ending 30 June 2025 reached AED 925.4 million, as compared to AED 664.4 million in H1 2024, indicating a 39.2% YoY increase. Cash at the end of June was AED 1.64 billion. The company said it has a 'strong pipeline' for H2, supported by the delivery of five projects or 2,000 units. (Writing by Bindu Rai, editing by Brinda Darasha)
Zawya
7 days ago
- Business
- Zawya
Deyaar continues its growth journey and achieves
H1 Key financial highlights: Total revenue for H1 2025 ending 30 June 2025 reached AED 925.4 million, as compared to AED 664.4 million in H1 2024, a 39.2% YOY increase. Net profit before corporate tax for H1 2025 soared to AED 266.6 million, a significant increase of 31.6% from AED 202.6 million in H1 2024. Total Assets increased by 7.5%, reaching 7,342.8 as of 30 June 2025 from AED 6,832.9 million as of 30 June 2024. Earnings per share increased by 33.1%, from 4.31 fils in H1 2024 to 5.74 fils in H1 2025. Key Announcements: The launch of the 'Downtown Residences' in Q2; one of the tallest vertical residential projects in the UAE, reaching a height of 445 meters and featuring residential units with advanced architectural designs. Positive aspirations and strong pipeline for H2 supported by the delivery of five major projects and a distinguished operational model focused on efficiency and rapid execution Dubai, UAE: Deyaar Development PJSC ("Deyaar"), an integrated real estate leader in Dubai, has released its financial results for the first half of 2025, showcasing consistent resilient performance and operational efficiency. Deyaar posted a 31.6% surge in net profit before tax to AED 266.6 million, signalling the company's agility and its ability to achieve its strategic vision and sustain its financial performance. The company's results significantly outpaced market expectations, with total revenue climbing 39.2% year-on-year to AED 925.4 million in H1 2025, compared to AED 664.4 million in the same period last year. This performance is driven by the increasing confidence of investors and the strong demand observed in Dubai's real estate market, in addition to the company's high efficiency in project execution. 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 AED 170 million in H1 2025, as compared to AED 159.1 million in H1 2024. In addition, net profit before tax for Q2 2025 amounted to AED 146.8 million, a significant growth from AED 125.1 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 capitalized 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.' 'By leveraging our focused vision and effective execution strategy, we aim to continue our journey of growth by adopting a strategy focused on creating added value for all stakeholders, founded on gaining the trust of investors for the long term. We remain optimistic about our outlook for the second half of the year, confident that our proactive strategies and robust project pipeline will further reinforce our financial stability and unlock additional value for 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 2000 units, these developments are expected to significantly enhance liquidity and contribute positively to the overall financial stability. Deyaar's robust pipeline is set to support revenue generation and operational efficiency, reinforcing its competitive edge in a market characterized by strong end-user demand and heightened interest from global investors. The underlying strength of the UAE economy, supported by pro-growth policies and a business-friendly environment, bolsters confidence in Deyaar's growth trajectory.
