Deyaar Development

1. Company Overview & Earnings Context

Deyaar Development PJSC reported stronger profitability in Q1 2026, supported by continued momentum in its property development and facilities management businesses, despite softer performance in hospitality operations. The company also highlighted strong demand in Dubai’s real estate market alongside successful project handovers during the quarter.

During Q1 2026, Deyaar handed over 1,425 units across projects including Regalia, Jannat in Midtown, and Talia Residences in Al Furjan, reinforcing its operational execution and delivery pipeline.

2. Financial Performance Snapshot

• Revenue: AED 447.1M (+3.2% YoY)

• Profit before tax: AED 147.7M (+23.3% YoY)

• Net profit after tax: AED 130.2M (+16.7% YoY)

• Profit attributable to shareholders: AED 112.9M

• Earnings per share (EPS): 2.58 fils

• Total comprehensive income: AED 126.8M

3. Operational Highlights & Key Metrics

• Delivered 1,425 residential units across major Dubai projects

• Property development revenue: AED 373.1M

• Facilities & property management revenue: AED 43.3M

• Hospitality revenue: AED 30.7M

• Revenue from property sales: AED 359.1M

• Balance sheet & liquidity:

• Total assets: AED 8.15B

• Total equity: AED 5.80B

• Cash & bank balances: AED 2.38B

• Cash & cash equivalents: AED 2.36B

• Total borrowings: AED 535.8M

• Advances from customers: AED 702.5M

• Investment properties: AED 959.8M

• Properties held for development & sale: AED 1.06B

4. Key Performance Drivers

• Strong contribution from property development activities

• Continued demand across Dubai’s residential real estate market

• Successful project handovers supporting revenue recognition

• Stable contribution from facilities and property management operations

• Higher finance income partially offset finance costs and investment property valuation losses

• Strong liquidity and disciplined balance sheet management

5. Outlook & Forward Guidance

• Management highlighted continued confidence in Dubai’s real estate market fundamentals, supported by strong demand, favorable economic conditions, and global capital inflows

• The company plans to continue launching selective projects aligned with evolving customer demand

• Focus remains on maintaining profitability, disciplined execution, and operational efficiency

• Deyaar highlighted a strong project backlog supporting future growth momentum

• Shareholders approved a dividend of AED 218.8M equivalent to 5 fils per share

6. 🧾 Investor Takeaway

Deyaar delivered improved profitability in Q1 2026, supported by strong property development performance, successful project handovers, and stable demand in Dubai’s real estate market, while maintaining strong liquidity, a solid balance sheet, and continued strategic execution across its development pipeline.