Money and business

35.9 %growth in the revenues of 5 real estate companies listed in “Dubai Financial” within 6 months

The revenues of five real estate companies listed in the Dubai Financial Market increased by 35.97% to more than 32.39 billion dirhams, during the first half of this year, compared to about 23.82 billion dirhams during the same period last year, driven by the strong growth of the real estate and tourism sectors.

A monitoring of «Emirates Today» based on the disclosures published on the Dubai Financial Market website showed that the net profits of Emaar Real Estate, Emaar Development and Tecom, and Diyar Development, and Al -Ittihad Real Estate recorded a growth of 32.57%during the first half of this year, to reach 14.57 billion dirhams, compared to 10.99 billion dirhams in the same period last year.

Emaar Properties came in the lead, after it recorded revenues of 19.833 billion dirhams at the end of the first half of this year, high from 14.407 billion dirhams recorded by the end of the same period last year, with a growth of 37.66%.

While the company achieved a net profit of about 8.87 billion dirhams, compared to 6.83 billion dirhams, an increase of 29.9%, compared to the same period in 2024, thanks to sustainable revenues in light of the continuous rise in real estate sales, and the growing revenue accumulated from projects under completion.

Emaar Development Company, owned by the majority of Emaar Properties, maintained its strong momentum during the first half of this year, recording revenues of 9.929 billion dirhams, an increase of 35%, compared to 7.338 billion dirhams achieved by the company by the end of the same period last year.

The company also recorded a growth in net mid -profit by 40.7% to reach 4.7 billion dirhams, compared to 3.34 billion dirhams, while a net profit, before the tax, was recorded of 5.5 billion dirhams, compared to 3.66 billion dirhams, with a growth of 50.1%.

In turn, the “Tikom” group, which owns and runs specialized business complexes focused on vital sectors, succeeded in achieving an increase in revenues by the end of the first half of this year, by 21%, to reach 1.389 billion dirhams compared to 1.148 billion dirhams revenues recorded by the group in the same period in 2024.

The group’s net profit increased by 22% to 737 million dirhams, as a result of the growth of revenues and the enhancement of operational efficiency and work strategy in capital management, while profits increased before benefits, taxes, destruction and consumption, by 24% to 1.108 billion dirhams.

For its part, Diyar Development Company increased revenue by 39.2% from 664.4 million dirhams at the end of the first half of last year, to 925.4 million dirhams at the end of the first half of 2025.

While the company recorded a growth in net mid -profit by 31.75% to reach 248.56 million dirhams, compared to 188.7 million dirhams in the first half of last year, while net profits, before deducting taxes, benefits and consumptions, achieved 266.61 million dirhams, compared to 202.6 million dirhams, an increase of 31.59%.

The revenues of the “Al -Ittihad Real Estate” increased by 18.88% to 316 million dirhams in the first half of this year, compared to 265.8 million dirhams in the same period of 2024, while the company’s net profits decreased by 58.11% to 14.56 million dirhams, compared to profits of 34.77 million dirhams during the first half of 2024.

• “Emaar Real Estate” came in the lead, after recording revenues of 19.833 billion dirhams at the end of the first half.

• The Tecom group achieved an increase in revenues by the end of the first half by 21%, to reach 1.389 billion dirhams.

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