Deyaar reports AED 541.5 million nine-month pre-tax profit, up 27%, as 2,100 homes handed over
By Dubai Week Desk GST 2 min read
Deyaar Development PJSC reported nine-month profit before tax of AED 541.5 million to 30 September 2026, on revenue of AED 1,522.9 million, up 5%.
Deyaar Development PJSC (Deyaar), a developer listed on the Dubai Financial Market (DFM), reported net profit before tax of AED 541.5 million for the nine months ended 30 September 2026, up 27% from AED 425.7 million a year earlier. The figures come from a press release dated 22 October 2026, which the DFM feed published on 23 October 2026. For buyers, the company said it has handed over more than 2,100 units since the start of 2026.
Revenue for the nine months was AED 1,522.9 million, up 5% from AED 1,447.0 million in the same period of 2025.
Third-quarter and nine-month results
For the third quarter of 2026, net profit before tax was AED 205.4 million, up 29% from AED 159.1 million in the third quarter of 2025. Deyaar said profit grew faster than revenue, so the pre-tax margin widened to 35.6% from 29.4% a year earlier.
The company’s unaudited interim financial statements, reviewed by KPMG, give further detail.
| Measure (AED million) | Nine months to 30 Sept 2026 | Nine months to 30 Sept 2025 |
|---|---|---|
| Revenue | 1,522.9 | 1,447.0 |
| Profit before tax | 541.5 | 425.7 |
| Income tax expense | 62.7 | 19.3 |
| Profit after tax | 478.8 | 406.4 |
Of the profit after tax, AED 445.7 million belongs to owners of the company. Basic and diluted earnings per share were 10.19 fils for the nine months, against 9.33 fils a year earlier, and 3.87 fils for the third quarter, against 3.59 fils. The statements put the effective tax rate for the period at 11.5%, against 4.5% a year earlier.
Total equity stood at AED 5,912.2 million at 30 September 2026, compared with AED 5,670.6 million at 1 January 2026. Shareholders approved a dividend of AED 218.8 million (5 fils per share) at the annual general meeting on 8 April 2026, and it was paid during the period.
The statements also note that the nine-month results are not necessarily indicative of the results expected for the full year ending 31 December 2026.
What it means for buyers and residents
Deyaar said handovers have continued across a number of its residential communities in Dubai, with more than 2,100 units delivered since the start of 2026. It said this shows its ability to convert sales into completed projects, supporting future revenue visibility.
For the rest of 2026, the company said it will focus on maintaining profitability and earnings quality, delivering handovers on schedule and advancing construction across its active projects. It described its project pipeline as progressing to plan. Its chief executive, Saeed Mohammed Al Qatami, said the nine-month performance is “built on delivery”.
