Press releases, Reports & Disclosures for Dubai Investments PJSC

Dubai Investments has announced a new residential project, Violet Tower, in Jumeirah Village Circle (JVC), Dubai. The project, valued at AED 300 Million, will be developed by Dubai Investments Real Estate (DIR) and is designed to meet the increasing demand for luxury residential apartments in the area. The 27-floor tower will comprise 287 units of studio, one, and two-bedroom apartments, along with amenities such as a swimming pool, gym, and kids' play area. Construction is set to begin in Q2 2024 and is expected to be completed within 24 months. The project aligns with the Dubai Municipality Green code, reflecting Dubai Investments' commitment to sustainable living.

The document is a directors' report and consolidated financial statements for Dubai Investments PJSC and its subsidiaries for the fiscal year ending on 31st December 2023.

Dubai Investments has acquired a 34.3% equity stake in Global Fertility Partners (GFP), a leading network of fertility and reproductive genetics centers in the Middle East. This marks Dubai Investments' fourth strategic investment in the healthcare sector. GFP has secured around $60 million in equity financing, which will be used to expand its network of fertility and women's health centers across the Middle East and North Africa (MENA) region. The company's initial focus will be on the Kingdom of Saudi Arabia. GFP also aims to be the largest fertility network in the Middle East and one of the top 10 globally. The funding will also be used to build a number of fertility and women's health centers and a network of satellite clinics across Saudi Arabia and the UAE.

Dubai Investments, a company listed on the Dubai Financial Market, has announced its first mixed-use development in Africa. The project, named Dubai Investments Park (DIP) Angola, is a 2,000-hectare integrated residential, commercial and industrial hub. The site includes 3 kilometers of coastline and a 2-kilometer sandy beach. The company plans to develop the infrastructure and lease land to other developers and investors. The development will include residential, commercial, and industrial zones, along with amenities like parks, leisure facilities, and an 18-hole golf course. The project is located in Dande Municipality, Bengo Province, 50 kilometers from the national capital, Luanda. The company aims to catalyze sustainable growth across Africa with this project.

Dubai Investments, a leading investment firm listed on the Dubai Financial Market, has reported a net profit of AED 817.02 million for the nine-month period ending September 30, 2023. This is a decrease from AED 1.49 billion for the same period last year. The total income for the period was AED 3.00 billion, down from AED 3.27 billion the previous year. However, total assets reached AED 21.08 billion at the end of Q3 2023, and shareholder equity increased to AED 13.13 billion. The results are 61% higher when adjusted for a one-off gain of AED 980.42 million from a 50% share divestment in Emicool recorded in the previous period. The company expects its strong performance to continue for the rest of the year, driven by its Property and Investment segments.