Established in 2002 with initial capital of AED 18.38 million, Deyaar has grown to become one of the leading real estate development companies in the region, with a share capital of AED 5.78 billion following its IPO in May 2007. The company is majority owned by Dubai Islamic Bank. Deyaar's operations are divided across four key business units – Property Development, Property Management, Facilities Management and Owners' Association Management.
Cyborg Score Rationale
The company demonstrated a dividend yield of 5.39% in 2024 with a payout ratio of 46.17%, indicating strong cash generation capabilities. EBITDA reached 478.89M AED with an EBITDA margin of 20.13%, reflecting solid operational performance. However, regional real estate cyclicality and market concentration in Dubai present execution risks.
Top Insights
One of Dubai's largest developers with prime portfolio across Business Bay, Dubai Marina, Al Barsha, and DIFC premium locations
Diversified revenue model spanning property development, property/facilities management, and hospitality services with property development driving majority revenue
Strong financial profile with 5.39% dividend yield and 20.13% EBITDA margin in 2024, supported by Dubai real estate market strength
Transformation underway with COO recently highlighted new growth chapter through strong business model and strategic initiatives
Named Competitors
Real Estate Development — Abu Dhabi-based real estate developer
UAE Real Estate Development — Major UAE real estate developer
Regional Real Estate Services — Dubai-based luxury property developer