Dubai – Mubasher: The net profits after tax of Deyaar Development jumped to AED 130.15 million in the first quarter (Q1) of 2026, compared to AED 111.52 million in Q1-25.
The company posted revenues amounting to AED 447.08 million as of 31 March 2026, up year-on-year (YoY) from AED 433.42 million, according to the financial results.
Basic and diluted earnings per share (EPS) stood at AED 2.58 in the January-March 2026 period.
Deyaar entered 2026 with string growth despite a downturn in the hospitality sector, offset by robust performance in property and facility management.
Total assets hiked by 12.10% to AED 8.15 billion in Q1-26 from AED 7.26 billion as of 31 March 2025.
In the first three months (3M) of 2026, Deyaar achieved a significant milestone by handing over 1,425 units across three major projects in Dubai, including the luxury residential tower Regalia in Business Bay, the final district of Jannat in Midtown, and Talia Residences in Al Furjan.
CEO of Deyaar, Saeed Mohammed Al Qatami, said: “This quarter reflects healthy business momentum and a productive start to 2026. We are witnessing steady progress in our financial results, driven by our strategic foresight and a continuous commitment to delivering long-term value for our stakeholders.”
The DFM-listed company recorded YoY higher net profits after tax at AED 602.20 million in 2025.
