Comprehensive assessment of developer's core competencies
Deyaar Development PJSC began as a property management unit of Dubai Islamic Bank in 2001, became a public joint-stock company in 2007, and has since developed over 30 projects across Dubai. Its portfolio includes residential, commercial, hospitality, and community assets like Business Bay towers, Dubai Silicon Oasis, Dubai Maritime City, and the Park Five development. It also expanded into Abu Dhabi with developments such as Rivage in partnership with Arady Properties and operates extensive property and facilities management services.
Majority-owned by Dubai Islamic Bank and listed on the Dubai Financial Market, Deyaar reported AED 1.51 billion in revenue and AED 505 million in profit before tax for full-year 2024—both reflecting double-digit growth from 2023. Its Q1 2024 profit before tax reached AED 77.5 million, with notable increases in liquidity and receivables. The strong financials underscore disciplined revenue management, stable funding, and scalable operations.
Deyaar prioritizes delivering quality developments within mid-market and community-focused segments. Notable projects include Elitz and Tria in Dubai Silicon Oasis, Mesk and Noor in Midtown, Rosalia Residences in Al Furjan, and Mar Casa in Dubai Maritime City. While many units are praised for solid construction, some users flag issues like thin walls and separate chiller billing. Overall, workmanship is considered sound but not premium.
Fully regulated under RERA and DFM, with escrow adherence and oversight by Dubai Islamic Bank. The company is also part of sustainability efforts aligned with Dubai’s 2040 Urban Master Plan and has achieved an ESG rating of medium. Legal disputes are minimal, aside from a resolved land claim involving another developer.
Feedback varies. Some tenants enjoy strong resale appeal and stable value, and find after-sales service generally responsive. Yet others report chiller malfunctions, slow maintenance responses, and customer service issues—especially in older or remote buildings. Still, resale advice often describes Deyaar as a reliable mid-tier developer.
Deyaar is widely regarded as a solid mid-sized developer offering affordability and steady community assets. It is often compared to budget versions of larger developers like Emaar. Its presence in multiple market segments—from residential towers to hospitality—reinforces its versatile market standing.
The company has embraced digital services in property and facilities management, as well as ESG-aligned design in projects like Tria. It is also incorporating eco-friendly materials and smart-city planning features. Deyaar's alignment with sustainability objectives enhances its medium ESG risk standing.