Deyaar Development reported a 24 per cent rise in net profit for the first nine months of 2025 as Dubai’s real estate boom fuelled demand for both affordable and mid-market homes.
The Dubai-listed real estate developer said profit after tax reached AED406.4 million for the period ending September 30, compared to AED328.5 million a year earlier. Profit before tax stood at AED425.7 million, up 22 per cent from AED348.8 million, while total revenue climbed nearly 39 per cent to AED1.45 billion from AED1.04 billion.
“Our development business made the most of the growth,” Deyaar’s Chief Executive Officer, Saeed Mohammed Al Qatami, said in an interview with Arabian Business. “We also have other businesses, including asset management and facility and hospitality services, but the main contribution came from development.”
Revenue from property development rose 46 per cent year-on-year to AED1.2 billion, while earnings per share increased 24 per cent to 9.33 fils. Deyaar’s total assets grew 12 per cent to AED7.59 billion.
He added that gross profit margins improved, reflecting stronger operational efficiency and sustained market demand.
Dubai’s property sector has continued to set new records, with AED559.4 billion in transactions so far this year, according to Dubai Land Department data. Al Qatami said that while most of Deyaar’s new sales will be recognised next year, the company had seen strong momentum throughout 2025.
“Most of the projects we launched this year have been sold, but the revenue recognition will start next year once construction begins,” he said. “We’ve seen great interest in affordable housing, where yields are very attractive.”
Deyaar currently has around AED7 billion worth of projects under construction and expects to hand over about 2,000 units by early 2026. These include the Regalia tower in Business Bay and the Tria development in Dubai Silicon Oasis.
“We also have an ambitious plan to launch more projects,” Al Qatami said. “We’re working on a mixed-use project on Sheikh Zayed Road that will include high-end residential, hospitality, and commercial space, which is in high demand.”
He said Dubai’s strong population growth and influx of investors and residents continue to support market fundamentals.
“We manage about 14,000 units in property management, and occupancy today stands around 98 per cent,” he said.
“Even if there is a slight correction in prices, demand from neighbouring markets will fill any gap. Some high-end segments might see slight stabilisation, but overall the market is strong and healthy.”
Al Qatami said Deyaar would focus on its UAE portfolio but did not rule out future expansion in the region.
“We’re very comfortable working within the UAE environment,” he said. “We will continue to explore new opportunities, but our priority remains here.”
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