For the fiscal year ended December 31, 2024, Dubai Investments reported a net profit before tax attributable to shareholders of Dh1.3 billion, up 21% from Dh1.07 billion in the same period the previous year.
The sale of properties totaling Dh1.03 billion, which was primarily fueled by the high demand for real estate projects and the successful completion of the Danah Bay project on Al Marjan Island in Ras Al Khaimah, as well as higher rental income from the maintenance of occupancy levels in DIP and the purchase of additional assets in Al Mal Capital REIT, increased total income to Dh4.66 billion.
By the end of 2024, Dubai Investments’ total assets had increased from Dh21.44 billion in 2023 to Dh22.10 billion. The owners owned Dh14.11 billion of the group’s equity. The group maintains solid liquidity levels, as evidenced by its net debt to total attributable equity ratio of 21.9%, highlighting its strong financial position and resilience across economic cycles. The board of directors has suggested a cash dividend of 18% (Dh0.18 per share) for 2024 as part of its commitment to providing value to shareholders.
Dubai Investments’ strong financial performance in 2024 has laid a robust foundation for sustained expansion and long-term growth,” stated Khalid Bin Kalban, the company’s CEO and vice chairman.
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