Deyaar Development company profile

Deyaar Development PJSC is a Dubai real-estate company established in 2002 and listed on the Dubai Financial Market as DEYAAR. Its activities span property development, property management, facilities management, and owners-association management. Current corporate materials identify Saeed Mohammed Al Qatami as chief executive officer.

Current projects and milestones

DWTN Residences was unveiled in June 2025 as a high-rise residential project in Business Bay. Park Five in Dubai Production City is building across five plots: Elm, Ember and Neem are in superstructure, and the main contractor for Ivy and Alder has mobilised. AYA in Umm Al Quwain and RIVAGE in Abu Dhabi take the portfolio outside Dubai.

The Q2 2026 construction update records Jannat at Midtown as completed, with building completion certificates secured and the first residents moved in. Deyaar's FY2025 release reported revenue of AED 1.972 billion and profit before tax of AED 637.9 million, providing dated listed-company context alongside the project announcements.

Listed UAE developer with residential and real-estate service businesses

Listed developerResidentialDubaiProperty management

Who owns Deyaar?

Deyaar Development PJSC is listed on the Dubai Financial Market under the ticker DEYAAR and its majority shareholder is Dubai Islamic Bank. The governance report inside Deyaar's 2025 integrated annual report names one shareholder above five per cent: Dubai Islamic Bank (PJSC) held 1,968,368,538 shares, or 44.983 per cent of capital, at 31 December 2025. The audited accounts for the same year name Dubai Islamic Bank as the ultimate controlling party. DIB's own H1 2026 earnings presentation lists Deyaar at 44.9 per cent. Share capital is 4,375,837,645 shares of AED 1, held by 29,257 shareholders at 31 December 2025.

Source: Deyaar Integrated Annual Report 2025 — governance report, shareholders owning 5% or more · Deyaar Development PJSC — audited consolidated financial statements, FY2025 · Dubai Islamic Bank — H1 2026 earnings presentation, subsidiary list

Track record

Buildings that made the name

  1. 01 Midtown — Afnan District First district of the Midtown master community in Dubai Production City to be completed and handed over. Midtown runs to 24 buildings across six districts. 2019 completed
  2. 02 Midtown — Dania District Second Midtown district handed over, a year after Afnan. 2020 completed
  3. 03 Bella Rose Handover began in January 2021. An 18-storey tower in Dubai Science Park with 478 apartments and 12 retail units, built-up area over 600,000 sq ft. 2021 completed
  4. 04 Midtown — Mesk and Noor Districts Mesk handover began on 14 February 2023, ahead of schedule, and Noor followed by the end of June. Over 900 units between them, completing more than 2,200 handed-over units across the four districts. 2023 completed
  5. 05 Jannat at Midtown The final residential district of Midtown. Two towers linked by a bridge, 360 units, 521,400 sq ft. Completed ahead of schedule with all Building Completion Certificates secured, first residents moved in during the second quarter of 2026. 2026 completed
  6. 06 Regalia Business Bay tower completed and handing over to owners in the second quarter of 2026. 2026 completed

Deyaar track record

Projects completed
34
10,000+ residential units, 7.43 million sq ft residential and 1.67 million sq ft commercial
Projects under construction
16
6,000+ units, 5.95 million sq ft sellable area, AED 9.35bn gross sales value
Development pipeline
About AED 7bn
Stated with the FY2025 results on 11 February 2026
Shares in issue
4,375,837,645
AED 1 each, fully paid, held by 29,257 shareholders at 31 December 2025

Completed and under-construction figures are the company's own, published with the FY2025 investor presentation in February 2026, and are reported separately rather than added together.For projects still building, the date column carries the quarter of the construction update in which the stage was reported, not a handover date.

What Deyaar is known for

Market listing
DFM: DEYAAR, listed since 2007
Majority shareholder
Dubai Islamic Bank, 44.983% at 31 December 2025
Projects completed
34, over 10,000 residential units
Under construction
16 projects, over 6,000 units
FY2025 revenue
AED 1.97bn, audited by Ernst & Young
FY2025 profit before tax
AED 637.9m, up 26%

Financials, FY2025

Revenue
AED 1.97bn (+30%)
Profit before tax
AED 637.9m (+26%)
Profit for the year
AED 602.2m
EBITDA
AED 683.2m (+28%)
Total assets
AED 8.03bn (2024: AED 6.83bn)
Total equity
AED 5.67bn
Earnings per share
13.88 fils (FY2024: 10.83 fils)

Source: Deyaar Development PJSC — audited consolidated financial statements, year ended 31 December 2025, signed by Ernst & Young Middle East on 11 February 2026

These results reflect the consistency of our approach and the strength of the platform we have built.
Saeed Mohammed Al Qatami Chief Executive Officer, Deyaar Deyaar, 3 August 2026

Where Deyaar builds

Apartments in DubaiHandover 2027All developers

Current projects via GRAF

DWTN Residences — Business Bay, Dubai

DWTN Residences

Business Bay, Dubai

From AED 1.86M

View project →

How Deyaar differs from other Dubai developers

Deyaar is a listed company, so the questions buyers usually cannot answer about a Dubai developer are answered here by filed documents. The shareholder register, the audited accounts and the quarterly construction updates are all published.

The shareholder register is published
The governance report names Dubai Islamic Bank as holder of 1,968,368,538 shares, 44.983% of capital, at 31 December 2025. Most Dubai developers publish no register at all.
The accounts are audited and filed every quarter
Ernst & Young Middle East signed the FY2025 consolidated statements on 11 February 2026, and interim statements go to the Dubai Financial Market each quarter.
Development is one of six business lines
Property management, facilities management, community management, hospitality and asset management run alongside it, and three of them are reported as separate revenue segments.
Recurring revenue is reported separately
In the first half of 2026 property development contributed AED 821.9m, properties and facilities management AED 88.0m and hospitality AED 42.7m.
Volume rather than a single trophy address
Midtown alone runs to 24 buildings across six districts, and more than 2,200 units had been handed over there by 2023.
Work extends outside Dubai
Rivage on Al Reem Island in Abu Dhabi is a joint venture with Arady Properties, and Aya Beachfront Residences is in Umm Al Quwain.
Why GRAF recommends Deyaar

GRAF sells DWTN Residences in Business Bay — Deyaar suits a buyer who wants the owner, the accounts and the delivery record filed with an exchange rather than described in a brochure.

What the record shows
  1. The majority shareholder is named in a filed documentThe 2025 governance report puts Dubai Islamic Bank at 44.983% of capital, and the bank's own H1 2026 earnings presentation lists Deyaar at 44.9%. The number is confirmed from both sides.
  2. The figures are audited and published in fullErnst & Young Middle East signed the FY2025 accounts on 11 February 2026. Revenue AED 1.97bn, profit before tax AED 637.9m, total assets AED 8.03bn.
  3. The developer already has a Business Bay delivery recordRegalia, a Deyaar residential tower in the same Business Bay district as DWTN Residences, moved to handover in the second quarter of 2026 — a nearby, dated completion a buyer can inspect.

GRAF editorial team

Deyaar — frequently asked questions

Who owns Deyaar?

Deyaar Development PJSC is listed on the Dubai Financial Market and its majority shareholder is Dubai Islamic Bank. The governance report in the 2025 integrated annual report records Dubai Islamic Bank (PJSC) holding 1,968,368,538 shares, 44.983 per cent of capital, at 31 December 2025, and the audited accounts name the bank as ultimate controlling party.

Source: Deyaar Integrated Annual Report 2025 — governance report

When was Deyaar founded and when did it list?

Deyaar dates its founding to 2002. It was incorporated and registered as a public joint stock company in Dubai on 10 July 2007 and listed on the Dubai Financial Market that year under the ticker DEYAAR. Its share capital is 4,375,837,645 shares of AED 1 each.

Source: Deyaar Development PJSC — audited consolidated financial statements, FY2025

How many projects has Deyaar completed?

Deyaar published 34 completed projects with its FY2025 results in February 2026, covering more than 10,000 residential units, 7.43 million square feet of delivered residential area and 1.67 million square feet of commercial space. A further 16 projects were under construction, with more than 6,000 units. The two counts are reported separately.

Source: Deyaar Investor Presentation FY 2025

What is Midtown?

Midtown is Deyaar's master community in Dubai Production City, 24 buildings across six districts. Afnan was handed over in 2019 and Dania in 2020. Mesk handover began on 14 February 2023 and Noor followed by the end of June, completing more than 2,200 units. Jannat, the final district, was handed over in 2026.

Source: Deyaar — Mesk and Noor handover, 24 January 2023

Does Deyaar build outside Dubai?

Yes. Rivage on Al Reem Island is Deyaar's first Abu Dhabi project, launched on 5 November 2024 in partnership with Arady Properties PSC and scheduled for completion in the fourth quarter of 2027. Aya Beachfront Residences is in Umm Al Quwain, where enabling works finished in the second quarter of 2026.

Source: Emirates News Agency — Deyaar makes Abu Dhabi debut with RIVAGE

What did Deyaar report for 2025?

Revenue of AED 1,972.1 million, up 30 per cent, and profit before tax of AED 637.9 million, up 26 per cent. Total assets reached AED 8,027.6 million and earnings per share 13.88 fils. Ernst & Young Middle East signed the consolidated accounts on 11 February 2026.

Source: Khaleej Times — Deyaar profit before tax rises 26% in 2025

What is Deyaar building now?

Tria in Dubai Silicon Oasis, Rosalia Residences in Al Furjan, Mar Casa in Dubai Maritime City, Eleve in Downtown Jebel Ali, the Elm, Ember, Neem, Ivy and Alder plots of Park Five in Dubai Production City, DWTN Residences in Business Bay, Rivage in Abu Dhabi and Aya Beachfront Residences in Umm Al Quwain.

Source: Deyaar — Construction Updates Q2 2026

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Official sources
Official websiteDeyaar — official siteDeyaar Development PJSC — Dubai Financial MarketDeyaar — investor relationsDeyaar — LinkedInDeyaar — InstagramDeyaar — YouTubeDeyaar — Wikipedia
About this profile

Maintained by the GRAF editorial team from public sources and our own project data. Updated 20 August 2026. Contact us

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