Dubai Investments recorded a net profit before tax of Dh1.3 billion for the fiscal year ending December 31, 2024. This marks a 21% increase from Dh1.07 billion in 2023. The company’s total income grew to Dh4.66 billion, mainly driven by strong property sales worth Dh1.03 billion. Higher rental income and the successful execution of the Danah Bay project on Al Marjan Island, Ras Al Khaimah, also contributed to the rise in revenue.
By the end of 2024, the company’s total assets stood at Dh22.10 billion, up from Dh21.44 billion the previous year. Equity attributable to owners reached Dh14.11 billion. The company also maintained a net debt-to-equity ratio of 21.9%, reinforcing its solid financial standing. In line with its commitment to shareholders, the board has proposed an 18% cash dividend, equivalent to Dh0.18 per share.
Expansion Plans and Future Strategy
Dubai Investments plans to expand its portfolio with new mixed-use real estate projects across the UAE. The company is also focusing on completing ongoing developments, including the Violet Tower project. This high-profile construction is progressing well and remains on track for completion by Q4 2026.
To ensure stable returns, the company continues to grow its Al Mal Capital REIT portfolio. Additionally, it is strengthening its presence in key sectors such as healthcare, education, financial services, artificial intelligence, and business services.
Sustainable Growth and Market Positioning
Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, highlighted the company’s strategic direction. “Our strong financial results in 2024 provide a foundation for sustained growth. We are actively exploring investment opportunities across MENA and other regions while assessing select group companies for potential IPOs,” he stated.
The company remains committed to optimizing its portfolio by reassessing non-core assets. This disciplined approach will enhance its market presence and drive long-term value creation. By maintaining a flexible investment strategy, Dubai Investments aims to solidify its role in regional economic development.
