Deyaar Development Reports 27% Profit Growth and Over 2,100 Handovers in Dubai

Deyaar Development, a prominent Dubai-based real estate developer, has reported a significant financial performance for the first nine months of 2026, with profit before tax increasing by 27% to reach AED 541.5 million. This growth marks a substantial rise from AED 425.7 million during the same period in the previous year.

The company's revenue also saw a 5% increase, climbing to AED 1.52 billion from AED 1.45 billion. Despite the slower revenue growth, Deyaar's profit before tax margin expanded to 35.6%, up from 29.4%, indicating efficient project execution and disciplined cost management.

Driving this strong performance were the continued property handovers across Deyaar's Dubai communities. The developer has successfully handed over more than 2,100 residential units since the beginning of 2026, transitioning its sales pipeline into completed properties and providing clear visibility for future revenue.

Saeed Mohammed Al Qatami, CEO of Deyaar, highlighted the company's focus on project completion and customer delivery. He noted that the steady pace of handovers has been crucial in converting commitments into completed homes and realizing value from the company's sales pipeline.

Al Qatami also linked Deyaar's growth strategy to Dubai's long-term economic and urban development initiatives, specifically mentioning the Dubai Economic Agenda D33 and the Dubai 2040 Urban Master Plan. The company is positioned to enter 2027 stronger, with its project pipeline advancing as planned and a continued emphasis on profitability and timely project delivery.