Dubai-based real estate developer Deyaar Development has announced a remarkable 23.7% year-on-year increase in profit after tax for the first nine months of 2025, reaching Dh406.4 million. This impressive financial performance was fueled by a 39.1% surge in total revenue, which rose to Dh1.447 billion from Dh1.040 billion in the same period last year. The company’s core property development segment was the primary driver of growth, with revenue soaring 46.4% to Dh1.196 billion. Other business segments also contributed positively, recording a 12.2% growth to Dh251 million. Profit before tax increased by 22.1% to Dh425.7 million, while earnings per share climbed 24.2% to 9.33 fils. Deyaar’s total assets grew by 12.3% to Dh7.591 billion, reflecting its expanding scale. Saeed Mohammed Al Qatami, CEO of Deyaar, attributed the success to the company’s strategic direction and disciplined execution. He highlighted recent project launches, including Downtown Residences, the final phase of Park Five, and the luxury AYA Beachfront Residences, as evidence of the company’s ability to meet market demands. Al Qatami expressed optimism for the remainder of 2025, citing Dubai’s Economic Agenda D33 and the 2040 Urban Master Plan as key enablers of growth. The company remains focused on profitability and launching selective projects that align with evolving customer needs. Strategic milestones during the period included the launch of the ultra-luxury Downtown Residences, set to become Deyaar’s tallest project upon completion in 2030. Additionally, the company is progressing on delivery targets, with the Amalia project underway and the Regalia tower in Business Bay scheduled for completion before year-end.