Dubai Investments reported a net profit of Dh1.35 billion for the first nine months of the year, driven by rising rental income and growth in its manufacturing segment. The company’s strong performance in the third quarter, with a profit of Dh550.44 million, more than doubling the same period last year, underscores the effectiveness of its strategic focus on real estate and income-generating assets.
The group’s total assets reached Dh23.57 billion as of September 30, up from Dh22.01 billion at the end of last year, with equity attributable to shareholders rising to Dh14.37 billion. According to Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, the substantial growth in profitability is a result of the group’s emphasis on scalable sectors and operational efficiency.
Dubai Investments’ Strategic Focus on Real Estate
The company expects real estate to remain a core driver of expansion, with several major projects underway, including the Violet Tower in Jumeirah Village Circle and the residential tower and hotel at Danah Bay on Al Marjan Island. These developments are part of Dubai Investments’ efforts to capitalize on the growing demand for high-quality properties in the region.
Construction is progressing on Asayel Avenue at Mirdif Hills, and villas at Danah Bay are being handed over in phases. The group’s real estate portfolio is expected to continue generating strong rental income, contributing to its overall profitability.
Manufacturing and Global Expansion
In the manufacturing segment, Emirates Float Glass has begun work on its second float line at KEZAD, which will double production capacity and introduce Ultra Clear low-iron glass. This move is expected to further boost the group’s manufacturing output and revenue.
Al Mal Capital REIT continues to expand its portfolio of income-generating assets, including the acquisition of NMC Royal Hospital in Dubai Investments Park. Internationally, the group marked a significant milestone with the completion of infrastructure works for Phase 1 of DIP Angola, with several investors already committing to various zones within the project.
As Dubai Investments continues to prioritize scalable sectors and operational efficiencies, its global expansion efforts are expected to drive long-term value creation. The company’s focus on strategic growth initiatives is likely to position it for sustainable growth in both domestic and international markets.
Looking ahead, Dubai Investments is expected to continue delivering strong financial performance, driven by its diversified portfolio and strategic focus on real estate and manufacturing. As the company navigates the evolving economic landscape, its emphasis on operational efficiency and long-term capital appreciation will be key to its continued success.
