Deyaar Development PJSC

Ticker/ISIN

DEYAAR

AED001001018

Market/Country

Dubai Financial Market

United Arab Emirates

About Deyaar Development PJSC

Country of Origin: United Arab Emirates (U.A.E)

Deyaar Development PJSC (the “Company”) was incorporated and registered as a Public Joint Stock Company in the Emirates of Dubai, UAE on 10 July 2007.

The principal activities of the Company and its subsidiaries (together, “the Group”) are property investment and development, mechanical, electrical and plumbing, brokering, facility and property management services.

Latest Pressrelease Summaries from Deyaar Development PJSC

The document is a nomination form for individuals interested in becoming a member of the Board of Directors at Deyaar Development PJSC in Dubai, UAE. Candidates can nominate themselves for three types of memberships: Executive, Non-executive independent, and Non-executive non-independent. To qualify, candidates must comply with UAE Federal Law No (32) of 2021 and the SCA Board of Directors Decision No. (3/R.M) of 2020, among other regulations. Required documents include a resume, statements of board memberships, share ownership, a criminal status certificate, and identification copies. Incomplete applications will be void. Definitions are provided for the different types of board members.

Disclosure: Open the Nominations for BOD Membership

24 days ago

Deyaar Development PJSC's Board of Directors invites shareholders to attend the Annual General Assembly Meeting on April 16, 2025, at 11:00 AM, both electronically and in person at Millennium Al Barsha, Dubai. The agenda includes reviewing the Board's report on the company's activities and financial position for 2024, approving the auditor's report, the balance sheet, and profit and loss account for 2024. It also involves discussing a proposal for a 5% cash dividend, approving Board remuneration, discharging liabilities for the Board and auditors, appointing new auditors, and amending the Board's composition to seven members. Shareholders will also elect Board members. E-voting details are provided, and shareholders must register before the meeting starts. Proxies must be submitted 48 hours before the meeting. The meeting requires at least 50% shareholder attendance or representation. If quorum is not met, a second meeting will be held on April 23, 2025. Further details and reports are available on Deyaar and Dubai Financial Market websites.

Disclosure: Invitation of General Assembly

24 days ago

Deyaar Development PJSC has announced the launch of AYA Beachfront Residences, its first residential project in Umm Al Quwain, UAE. This development marks Deyaar's expansion into the emirate, offering a blend of luxury and wellness in a beachfront community. Phase 1 will feature 442 residential units, including one- to five-bedroom residences with nature-inspired interiors. The project aims to create a new destination for global investors while providing lifestyle opportunities and boosting the local economy. Future phases will include additional amenities such as a marina and cultural venues.

Disclosure: Press release

2 months ago

Deyaar Development PJSC, a leading real estate developer based in Dubai, has announced its Board of Directors' recommendation to distribute dividends for the second consecutive year. This move highlights the company's commitment to sustainable financial performance and long-term strategic goals. The proposed 5% dividend will be presented for approval at the upcoming General Assembly. Deyaar's Chairman, Mr. Abdullah Ali Al Hamli, emphasized the company's strong performance and future growth strategy, including expansion into other emirates. Deyaar is listed on the Dubai Financial Market and is majority-owned by Dubai Islamic Bank. Since its establishment in 2002, Deyaar has grown significantly, offering a wide range of commercial and residential properties in prime locations.

Disclosure: Press release

2 months ago

A strategic partnership agreement was signed between Umm Al Quwain Properties and Deyaar Development to develop projects on the Umm Al Quwain waterfront. The signing was witnessed by Sheikh Ahmed bin Saud bin Rashid Al-Mualla, Vice President of the Executive Council of Umm Al Quwain. Sheikh Majid bin Saud bin Rashid Al-Mualla and Mr. Saeed Mohammed Al Qatami, CEO of Deyaar Development, signed the agreement. The partnership aims to enhance modern infrastructure and promote sustainable tourism, aligning with Umm Al Quwain's strategic plan to enrich the tourism experience. Mr. Saeed Mohammed Al Qatami emphasized the goal of creating innovative residential spaces that balance modern living with nature.

Disclosure: Press release

2 months ago

Deyaar Development PJSC reported a net profit before corporate tax of AED 505.4 million for the year ending December 31, 2024, marking a 14.68% increase from AED 440.7 million in 2023. The company's revenue for the same period rose by 20.61% to AED 1,512.8 million, up from AED 1,254.3 million in 2023. This growth was driven by a 25.6% increase in Property Development revenue and a 5% rise in other business revenues. Total assets grew by 5.8%, and earnings per share increased by 8% to 10.83 fils. CEO Saeed Mohammed Al Qatami highlighted Deyaar's strategic expansion and commitment to growth, noting the company's entry into Abu Dhabi and the launch of new projects in Dubai.

Disclosure: Press release

2 months ago

Deyaar Development PJSC has announced the launch of Phase 2 of Park Five, a wellness-focused luxury residential community in Dubai Production City. This phase introduces 343 residential units, including studio, one-bedroom, two-bedroom, and three-bedroom options, designed to cater to modern urban families. The development is strategically located near key urban hubs, green spaces, healthcare facilities, and educational institutions, offering excellent connectivity and access to amenities such as shopping, dining, parks, schools, and hospitals. Park Five aims to enhance urban living by integrating greenery, traditional sikkas, and community spaces to promote social interaction and active lifestyles. The project reflects Deyaar's commitment to sustainable and value-driven developments in line with the UAE's vision for improved urban quality of life.

Disclosure: Press release

2 months ago

Deyaar Development PJSC has launched Park Five, a luxury residential community in Dubai Production City, valued at AED 1.5 billion. The development emphasizes wellness and sustainability, offering competitively priced luxury living with integrated wellness features. Strategically located near urban hubs and essential facilities, Park Five includes the Elm and Ember towers in its first phase, offering studios and one to three-bedroom residences with prices starting from AED 888,000. The project features amenities such as yoga lawns, outdoor co-working spaces, fitness centers, and more, all designed to promote holistic well-being and sustainability.

Disclosure: Press release

4 months ago

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Dubai Financial Market News

News Update From Deyaar Development PJSC a year ago

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News

News Update From Deyaar Development PJSC a year ago

Disclosure: Press release

Dubai-based property developer, Deyaar Development, has launched its new residential project, ELEVE, in Downtown Jebel Ali. The project, located on Sheikh Zayed Road, is characterized by its luxurious lifestyle, proximity to transport networks and shopping malls, and open views towards the Arabian Gulf. The development, which aligns with Dubai's 2040 Urban Master Plan, includes 33 floors of residential units, ranging from studios to three bedrooms, and offers amenities such as a gym, swimming pool, jacuzzi, multipurpose hall, outdoor seating and BBQ areas. The project also includes four floors of parking and service areas and a retail arcade on the ground floor. Construction is set to be completed in Q2 of 2027.

1. Attached Document

DFM News

News Update From Deyaar Development PJSC a year ago

Disclosure: Results of Board Decisions by Passing

1. Attached Document

DFM News

News Update From Deyaar Development PJSC a year ago

Disclosure: Board Decision by circulation

1. Attached Document

DFM News

News Update From Deyaar Development PJSC a year ago

Disclosure: Preliminary financial results for 2023

1. Attached Document

DFM News

News Update From Deyaar Development PJSC a year ago

Disclosure: Press release

Deyaar Development PJSC, a leading real estate developer in Dubai, UAE, has announced a 206% year-on-year increase in its net profit for 2023, reaching AED 440.7 million. The company's total revenue also saw a 56% increase, reaching AED 1,254.3 million. This growth is primarily attributed to an increase in Property Development revenue, due to higher construction progress and successful sales achievements in 2023. The company also reported a 15% increase in revenue from other businesses. CEO Saeed Mohammed Al Qatami highlighted the launch of several new projects and the successful completion of others as key factors behind the successful year. He anticipates further growth in 2024.

1. Attached Document

DFM News

News Update From Deyaar Development PJSC a year ago

Disclosure: Press release

Deyaar Development PJSC has announced the launch of its third project in Dubai's Al Furjan community, Rosalia Residences. The AED 300 million project follows the successful completion and sales of the first two projects, Amalia Residences and Millennium Talia Residences. Rosalia Residences will feature spacious apartments suitable for families, with one, two and three bedroom options. The development is conveniently located opposite the Discovery Gardens 2 Metro Station and close to city amenities. The project aims to provide a unique community living experience and further expand Deyaar's footprint in the thriving Al Furjan community.

1. Attached Document

FinanceMan

a year ago

Good stuff

FinDiesel

Commented on RealEstateKings Transaction regarding Deyaar Development PJSC a year ago

Solid move on Deyaar, brother. Real Estate's a tough game, but that 7.91% day yield says you're winning. Keep it up!

FinanceBroAED

Commented on RealEstateKings Transaction regarding Deyaar Development PJSC a year ago

19 shares of Deyaar at 0.687 AED? Looks like someone's playing Monopoly in real life! But hey, with that 7.91% daily yield, who needs Boardwalk and Park Place?

DFM News

News Update From Deyaar Development PJSC a year ago

Disclosure: Press release

Dubai-based real estate developer, Deyaar Development, and Abu Dhabi-based Arady Properties have signed a Memorandum of Understanding (MoU) to establish a joint residential development project on Al Reem Island in Abu Dhabi. The MoU aims to define the project's commercial objectives, provide a framework for further negotiations, and explore joint ownership development. The agreement was signed by Deyaar CEO, Saeed Al Qatami, and Arady Properties' Managing Director, Khalifa Alzaabi. The collaboration aims to contribute to the growth of Abu Dhabi's real estate sector by offering distinctive residential options for both local and international customers.

1. Attached Document

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