Dubai Investments increased its net profit in the first quarter to $46 million thanks to growth in property income

Dubai Investments PJSC, one of the United Arab Emirates’ largest diversified investment holding companies, has announced its financial results for the first quarter of 2026. Net profit after tax amounted to approximately AED 169 million (around $46 million), showing a slight increase compared with the same period last year.

The results confirm the resilience of the group’s business model, which is underpinned by a balanced asset portfolio. Despite a slight decline in total revenue, key business lines, particularly the property segment, showed positive growth driven by increased rental income and proceeds from property sales.

Profit before tax reached AED 185.06 million, compared to AED 184.89 million a year earlier. Net profit after tax rose from AED 167.18 million to AED 168.97 million. Profit attributable to shareholders amounted to AED 171.3 million (compared to AED 170.9 million in the first quarter of 2025). Basic and diluted earnings per share remained at AED 0.04.

The group’s total revenue for January–March 2026 amounted to AED 765.73 million (compared to AED 822.91 million a year earlier). The decline is primarily due to the absence of one-off revaluations of investment property. At the same time, operating metrics improved: rental income rose to AED 298.7 million, and property sales to AED 112.2 million. Costs were kept under tight control, which helped maintain margins.

The property segment, including the Ground Rent platform, became the main driver of growth, posting a pre-tax profit of 241.5 million dirhams (compared to 173.5 million dirhams previously). The industrial and construction segments remained stable. The investment segment recorded a loss, but the overall portfolio result remained positive.

As at 31 March 2026, the holding company’s total assets rose to AED 23.43 billion, whilst equity increased to AED 15.39 billion. Cash flow from operating activities grew significantly, strengthening the company’s financial position.

Chief Executive Officer Khalid Bin Kalban noted that the results confirm the resilience of a business model focused on recurring income and long-term value. The company continues to implement key real estate projects, including Danah Bay on Al Marjan Island, as well as developments in Jumeirah Village Circle and Mirdif Hills.

Analysts attribute the positive trend to the strengthening of the Dubai property market, where demand for high-quality properties remains strong. Dubai Investments is capitalising effectively on the current market conditions thanks to a diversified approach combining development, asset management and industrial operations.

The results were published on 12 May 2026 based on unaudited interim financial statements. Shareholders had previously approved a dividend payout of 25% (0.25 UAE dirhams per share). The holding company maintains an optimistic outlook for the coming periods.