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Dubai United Arab Emirates
The profits of Deyaar Developments, listed on the Dubai Stock Exchange, and owned by Dubai Islamic Bank, increased to AED 445.7 million (AED 0.10/per share) by the end of the first nine months of 2026, compared to a profit of AED 408.4 million achieved during the same period in 2025.
The reason for the increase in profits during the current period is due to the increase in the profit margin by 35.0% during the first nine months of 2026, compared to 34.8% during the same period of the previous year, as a result of the increase in revenues, and the decline in direct costs, in addition to the increase in other revenues by 52%, to reach 57.9 million dirhams, compared to 38.1 million dirhams, during the same period of the previous year.
It is also due to the achievement of net financing income of AED 14.8 million during the current period, compared to the record of net financing costs of AED 867,000 during the same period last year, and the decrease in general and administrative expenses and sale by 12%, to reach AED 129.4 million during the first nine months of 2026, compared to AED 146.3 million during the same period of the previous year.
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