Deyaar Posts 27% Profit Growth To Dh541.5 Million As Property Handovers Exceed 2,100 Units

Deyaar Posts 27% Profit Growth To Dh541.5 Million As Property Handovers Exceed 2,100 Units

MENAFN- Khaleej Times) Deyaar Development reported a 27 per cent increase in profit before tax to Dh541.5 million in the first nine months of 2026, supported by continued property handovers and stronger profit margins despite slower revenue growth.

The company's profit before tax rose from Dh425.7 million during the same period last year, while revenue increased 5 per cent to Dh1.52 billion, compared with Dh1.45 billion a year earlier.

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With profit growth outpacing revenue, Deyaar's profit before tax margin widened to 35.6 per cent from 29.4 per cent, reflecting what the company described as efficient project execution and disciplined cost management.

The developer also reported stronger earnings in the third quarter, with profit before tax rising 29 per cent to Dh205.4 million, compared with Dh159.1 million in Q3 2025.

More than 2,100 homes handed over

Deyaar said it has handed over more than 2,100 residential units across its Dubai communities since the beginning of 2026, as the company continues to comp...