Dubai Investments profit jumps 59% to Dh1.09b on real estate and manufacturing gains

Dubai: Dubai Investments delivered one of its strongest performances in recent years, reporting a profit before tax of Dh1.09 billion for the nine months to September, a 59% surge from the same period last year.

For the third quarter alone, profit reached Dh550.44 million, more than doubling the Dh256 million recorded in the same quarter of 2024.

The improvement reflects rising rental income across the Group’s property portfolio and continued momentum in the manufacturing segment. The investment portfolio also contributed to the stronger third-quarter numbers as asset valuations and income flows improved.

Total assets climbed to Dh23.57 billion as at September 30, compared with Dh22.01 billion at the end of 2024. Equity attributable to shareholders rose to Dh14.37 billion, up from Dh14.11 billion during 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 expects real estate to remain one of its core engines of expansion. Construction is underway on Violet Tower in Jumeirah Village Circle, the residential tower and hotel at Danah Bay on Al Marjan Island and Asayel Avenue at Mirdif Hills. Villas at Danah Bay are being handed over in phases as the development progresses.

Manufacturing and global expansion

In manufacturing, Emirates Float Glass has begun work on its second float line at KEZAD, a move that will double production capacity and introduce Ultra Clear low-iron glass.

Al Mal Capital REIT continues to add income-generating assets, including its new healthcare investment through the acquisition of NMC Royal Hospital in Dubai Investments Park.

Internationally, the Group marked a key milestone with the completion of infrastructure works for Phase 1 of DIP Angola. Several investors have already committed to various zones within the project, signalling growing interest in the Group’s Africa platform.

Dubai Investments says it will continue to prioritise scalable sectors, operational efficiencies and long-term value creation across domestic and international markets.