With a profit before tax of Dh1.09 billion for the nine months ending in September—a 59% increase over the same period previous year—Dubai Investments put on one of its best performances in recent memory.
Profit for the third quarter alone was Dh550.44 million, more than twice as much as the Dh256 million earned during the same period in 2024.
The improvement is a result of the manufacturing segment’s ongoing strength and growing rental income across the Group’s property portfolio. As asset prices and income flows improved, the investment portfolio also helped to boost the third-quarter results.
As of September 30, total assets have increased from Dh22.01 billion at the end of 2024 to Dh23.57 billion. The amount of equity attributable to shareholders increased from Dh14.11 billion to Dh14.37 billion in the same period last year.
“The substantial growth in profitability is a direct result of the Group’s strategic focus on real estate and income-generating assets, supported by disciplined execution and prudent asset management,” Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments.
“As Dubai Investments navigates an evolving economic landscape, the Group’s emphasis on scalable sectors, operational efficiency and long-term capital appreciation continues to position it for sustainable growth.”
A pipeline of major projects
The Group anticipates that real estate will continue to be one of its primary growth drivers. Asayel Avenue in Mirdif Hills, the residential tower and hotel in Danah Bay on Al Marjan Island, and Violet Tower in Jumeirah Village Circle are all under construction. As the development moves forward, Danah Bay villas are being turned over in stages.
Manufacturing and global expansion
Emirates Float Glass has started construction on its second float line at KEZAD, which will increase production capacity and launch Ultra Clear low-iron glass.
Al Mal Capital REIT has acquired NMC Royal Hospital in Dubai Investments Park as part of its new healthcare venture, which is just one of the income-producing assets it continues to add.
The Group completed the infrastructure work for Phase 1 of DIP Angola, marking a significant milestone on a global scale. Growing interest in the Group’s Africa platform is indicated by the number of investors who have already committed to different project zones.
Scalable industries, operational effectiveness, and long-term value creation in both domestic and foreign markets will remain top priorities for Dubai Investments.