Deyaar Development Reports AED 541.5 Million Profit Before Tax in First Nine Months of 2026 in Dubai

Dubai-based developer Deyaar Development PJSC has reported a 27% increase in net profit before tax, reaching AED 541.5 million for the nine months ending 30 September 2026, compared to AED 425.7 million in the same period last year. The company's momentum strengthened significantly in the third quarter of 2026, with a net profit before tax of AED 205.4 million, marking a 29% rise from AED 159.1 million in Q3 2025.

Total revenue for the nine-month period reached AED 1,522.9 million, a 5% increase from AED 1,447.0 million in 2025. This profit growth, outpacing revenue, led to a widened net profit before tax margin of 35.6%, up from 29.4% a year earlier. Saeed Mohammed Al Qatami, CEO of Deyaar, attributed this performance to consistent project delivery and the conversion of sales pipelines into realised value through steady handovers across their communities.

Since the beginning of 2026, Deyaar has handed over more than 2,100 units across various residential communities in Dubai. This delivery performance underscores the company's ability to translate its sales portfolio into completed projects, enhancing future revenue visibility and reinforcing customer and investor confidence. The company aims to balance growth with financial discipline, maintain profitability, and ensure timely handovers, using Dubai's long-term fundamentals outlined in the D33 Agenda and the Dubai 2040 Urban Master Plan.