Deyaar H1 Profit Before Tax Rises 26% to AED336.1 Million

Deyaar Development PJSC reported a 26 percent year-on-year increase in net profit before tax for the first half of 2026, supported by steady revenue growth and continued progress across its development pipeline.

Net profit before tax for the six months ended June 30, 2026 reached AED336.1 million, compared with AED266.6 million in the same period last year.

The company also reported net profit before tax of AED188.3 million for the second quarter of 2026, up 28 percent from AED146.8 million in Q2 2025.

Total revenue for H1 2026 stood at AED952.6 million, compared with AED925.4 million in H1 2025, reflecting a 3 percent year-on-year increase.

Deyaar said the results show measured growth over the prior-year period, with the company maintaining profitability while advancing developments across multiple project stages. The developer added that its active construction pipeline, covered backlog and delivery schedule support earnings visibility as projects move from launch to completion.

Saeed Mohammed Al Qatami, CEO of Deyaar, said the results reflect the company’s focus on disciplined planning, construction and delivery.

“These results reflect the consistency of our approach and the strength of the platform we have built. Half after half, our performance has been shaped less by market swings than by the discipline of how we plan, build, and deliver, and this period is no exception,” he said.

He added that Dubai’s real estate market continues to benefit from long-term strategic depth, supported by regulation, public investment and the UAE’s wider economic agenda.

“The second half of 2026 is about disciplined sequencing: completing what we have committed, advancing the pipeline at the right pace, and preserving balance sheet strength,” Al Qatami said.

Deyaar said this approach positions the company to enter 2027 with maturing projects contributing at scale, while remaining prepared for the next phase of market expansion.

Alongside its financial performance, the company also highlighted continued recognition of its social impact agenda. Deyaar was honoured at the MEA Business Achievements Awards with the ESG Excellence award and the Outstanding Community Impact and Engagement award.

The awards recognised Deyaar’s partnerships with Dubai Club for People of Determination and Emirates Down Syndrome Association, which the company said form part of its broader commitment to inclusion, community engagement and long-term value creation.

The results come as Dubai’s listed developers continue to benefit from sustained demand, active project pipelines and a maturing delivery cycle across the emirate’s real estate sector.

Source: Deyaar Official Communications