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Deyaar Posts Growth Despite Regional Hospitality Challenges

Tue, May 12, 2026(56d ago)Business

Deyaar has reported a resilient start to 2026, with revenue climbing 3.2 percent to Dh447.1 million in the first quarter, up from Dh433.4 million during the same period last year. This growth was achieved even as the regional hospitality sector faced significant headwinds due to ongoing geopolitical tensions. The company’s ability to offset these challenges was largely driven by its robust property and facility management divisions, alongside a notable surge in profitability. Specifically, profit before tax jumped by 23.3 percent to hit Dh147.7 million, while the firm’s total asset base expanded by 12.1 percent to reach Dh8,151.5 million.

A major contributor to this success was the successful handover of 1,425 units across three key Dubai developments, including the Regalia tower in Business Bay, the final phase of Midtown’s Jannat, and Talia Residences in Al Furjan. CEO Saeed Mohammed Al Qatami emphasized that these results highlight the company's operational efficiency and reflect the broader strength of the UAE economy. Despite some market softening reported by agencies like Betterhomes, Al Qatami remains optimistic about the resilience of Dubai’s real estate sector, noting that the company is well-positioned to capitalize on steady demand and shifting consumer needs through strategic project launches.

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