Deyaar proposes 5% dividend after 2025 revenue jump

The board of Deyaar Development has proposed to pay a dividend for 2025, as revenues grew by half a billion dirhams last year, driven by strong real estate demand and positive investor sentiment.

The 5 percent dividend payout is subject to shareholder approval, the developer said in a statement on the Dubai Financial Market.

The company declared a 4 percent dividend in 2024, its first since listing on the DFM in September 2007.

Total revenue increased to nearly AED2 billion ($545 million) last year from AED1.5 billion a year ago, the developer said in a statement to the Dubai bourse.

Net profit attributable to equity holders rose 28 percent to AED607 million last year from AED474 million a year ago.

The development pipeline stood at AED7 billion, supporting future revenue generation. 

In November Deyaar CEO Saeed Mohammed Al Qatami told AGBI that it was “harder than ever to find quality builders in the red-hot housing market”.

“Subcontractors, in terms of labour, are not available. There is too huge a demand. A lot of material prices have gone up as well,” he said.

Total assets increased 17 percent to more than AED8 billion, reflecting ongoing strategic investments and asset-quality enhancements.

Dubai Islamic Bank owns 44.98 percent of Deyaar. The company’s shares closed nearly 1 percent higher at AED1.1 on Wednesday, gaining 6 percent so far this year.

Further reading:

• PIF sounds alarm on Saudi manufacturing delays
• Binghatti secures $500m to expand development pipeline
• Abu Dhabi-backed Sodic’s revenue doubles in 2025