Deyaar reports Dh266.6 million net profit before tax in H1 2025
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 2025.The 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 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.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 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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
23 minutes ago
- Zawya
UBF highlights importance of Ijarah of identified tangible assets' standard in strengthening Islamic finance
Abu Dhabi, Dubai, United Arab Emirates: The UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, reaffirmed its full support for the efforts of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) in promoting global transparency and credibility in Islamic banking and finance. This came during a session to discuss the Draft of the AAOIFI Shari'ah Standard on 'Ijarah of Identified Tangible Assets', hosted by UBF in Dubai, bringing together leading Islamic banking professionals, and experts in accounting and auditing for Islamic financial institutions. AAOIFI aims to develop this standard as a clear and integrated framework to regulate Ijarah contracts of identified tangible assets. Mr. Jamal Saleh, Director General of UBF, said: 'With the rapid and significant development witnessed by Islamic banking and financial institutions, the role of AAOIFI in setting the standards and general frameworks for Shari'ah-compliant financial activities becomes increasingly vital. Unified standards are essential to harmonise practices and ensure consistency in banking operations for individuals and institutions.' He added: 'The discussion around the draft Shari'ah standard on Ijarah of identified tangible assets represents another important step as a result of ongoing constructive dialogue. It promotes exchange of knowledge and experiences and collaboration to establish a unified reference for structuring Ijarah contracts in accordance with Islamic Shari'ah. This strengthens operational integrity and transparency in dealing with customers, and is in line with the vision and initiatives of the Central Bank of the UAE (CBUAE) to enhance governance, risk management, and innovation in Islamic financial institutions, and to reinforce the UAE's position as a global hub for Islamic finance.' The event included a welcoming remarks and brief introduction of the standard by Dr. Abdurrahman Al Saadi, AAOIFI Shariah Board Secretary and Rapporteur, and two sessions to take comments on exposure draft of AAOIFI Shari'ah Standard on 'Ijarah of Identified Tangible Assets' chaired by Sh. Esam Mohamed Ishaq and Sh. Dr. Osaid Kailani, AAOIFI Shari'ah board members. The importance of this standard is underscored in transactions involving the leasing of vehicles, equipment, real estate, and infrastructure assets, which represent a significant share of Islamic finance activity. UBF called on all its member banks and financial institutions to carefully review the draft and contribute to its development as a comprehensive and precise framework for product design, contract structuring, and operational procedures related to Ijarah of identified tangible assets. The Director General of UBF added: 'The UAE is one of the largest and fastest-growing countries in Islamic banking and finance globally. Our Shari'ah-compliant member banks are committed to actively participating in the development of AAOIFI standards through constructive dialogue and full compliance, in line with global best practices, investor protection, and principles of responsible finance.' He noted that Islamic banking development remains a top priority for UBF. Under the direct supervision of the Central Bank of the UAE, the Federation has contributed to supporting Islamic financial institutions in developing innovative solutions that meet customer needs and enable a competitive, sustainable growth that supports society and the economy. UBF continues to support AAOIFI's efforts to develop accounting and auditing standards and practices for Islamic financial institutions. This includes issuing relevant standards for banking, investment, and insurance activities to keep pace with industry evolution and meet customer expectations. About UAE Banks Federation (UBF): Established in 1982, UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, comprising 64 members of banks and financial institutions operating in the UAE. UBF advocates the interests of all its members and enhances cooperation and coordination between them in order to elevate the UAE's banking ecosystem for the benefit of members, customers, and the overall UAE economy. UBF's mission and objectives are focused on representing its members and defending their rights and interest. UBF provides a platform for cooperation and the exchange of ideas and expertise among its members and plays a significant role in raising public awareness about the contributions of the UAE banking sector to the economic and social development of the country. UBF has a 22-member Advisory Council consisting of CEOs and General Managers from member banks and financial institutions, which oversees the implementation of UBF's policies and activities. The CEOs Council also makes directional decisions through UBF's General Secretariat for UBF's 28 technical and 6 advisory committees, which in turn are tasked to discuss all issues relevant to the UAE banking and financial services ecosystem. UAE Banks Federation also includes a CEOs Consultative Council, which consists of chief executives of other member banks. For further information, please contact: Sooyin Lee UAE Banks Federation +971 562042254 sooyin@
Zawya
41 minutes ago
- Zawya
Abu Dhabi home prices up 17% on high global, HNWI interest
The costs of buying homes in Abu Dhabi have significantly gone up on the back of strong investor interest and influx of high-net-worth individuals (HNWI). Residential real estate prices rose by 17.3% in the second quarter of the year, representing a 31.3% growth in values since Q1 2020 and bringing the average price per square foot to AED 1,230, according to Knight Frank. In the apartment segment, prices rose by 17.3% compared to a year ago. For villa units, values have jumped by 42.3% since the first quarter of 2020. Among the factors driving the prices up, is that the supply of new homes has not kept pace with the growth in demand. Abu Dhabi is also increasingly seen as offering 'better value for money' compared to Dubai, with residential prices in the capital estimated to be around 30% less. Abu Dhabi's lower price point is said to have attracted both local and international buyers. 'There is growing interest in Abu Dhabi from international buyers,' said Will McKintosh, Regional Partner – Head of Residential, MENA. There is also a growing demand for properties among the HNWI population. According to Knight Frank's research, 19% of polled HNWIs said they're looking to acquire a new home in Abu Dhabi this year. The figure is higher than 14% last year. 'Demand is especially strong among those worth $30-$50 million, with some 75% of potential purchasers in this wealth bracket expressing a desire to own residential real estate, while 65% of individuals worth more than $50 million are looking to purchase a home in Abu Dhabi,' the consultancy firm said. (Writing by Cleofe Maceda; editing by Brinda Darasha)
Zawya
43 minutes ago
- Zawya
IHC reports $14.9bln revenue; $2.9bln net profit in H1/25
ABU DHABI: IHC, the global investment company focused on building dynamic value networks, has reported its financial results for the first half of 2025, achieving revenue of AED54.7 billion, a 31.1% increase compared to AED41.7 billion in H1 2024, and a profit after tax of AED10.8 billion. The second quarter of 2025 delivered one of the Group's strongest quarterly performances, with revenue rising 22.5% year-on-year to AED27.5 billion and Net Profit surging 55.3% to AED6.7 billion, underscoring IHC's accelerating growth momentum and strategic execution, the company said in a statement today. Revenue growth was supported by solid contributions from core operating segments. The Real Estate & Construction segment delivered AED22.6 billion in revenue, up 47.8% year-on-year, driven by sustained demand for inventory and the launch of new development projects, contributing 41.4% of total revenue. Marine & Dredging reported AED 14.1 billion in Revenue, a 10.8% increase compared to H1-2024, reflecting elevated project activity and international expansion. Hospitality & Leisure achieved AED 4.9 billion in Revenue, marking a 72% increase, supported by broad-based demand across key assets, and recent global investments and acquisitions. Additionally, Financial Services with AED1.8 billion in revenue (up 21.4% YoY) and Energy with AED 0.4 billion (up 161.3% YoY) are emerging as high-growth contributors, further diversifying IHC's Revenue base. Earnings per Share rose to AED2.49, underscoring IHC's continued focus on operational efficiency and disciplined capital allocation. Return on Equity stood at 10.8%, further reflecting the Group's ability to generate value from its capital base. Total Assets reached AED 436.9 billion as of 30 June 2025, up 8.7% from AED 401.8 billion as of 31 December 2024. 'Our H1 2025 results reflect the continued strength of IHC's diversified model and the disciplined execution of our strategic investment agenda. By delivering outstanding portfolio performance and enhancing operating leverage, we are unlocking value across sectors while deepening our impact across regional and international markets," said Syed Basar Shueb, CEO of IHC "As we shape the industries of tomorrow, we continue to connect innovative businesses with long term capital and operational excellence, ensuring that our platform remains built for scalable and sustainable global relevance. IHC remains committed to being a catalyst for economic transformation and delivering enduring value to our shareholders and stakeholders.' During the first half of 2025, IHC led several strategic initiatives across priority sectors. These included the launch of Gridora, a national infrastructure platform formed with ADQ and Modon; the unveiling of RIQ, a next-generation global reinsurance platform developed in partnership with BlackRock and Lunate; and a collaboration with ADQ and First Abu Dhabi Bank to pioneer a UAE Dirham-backed stablecoin.
