During the nine months ending in September, the company’s net profits reached 650.5 million dirhams.
She said Dubai Investmentslisted on the Dubai Financial Market, said in a statement that its net profits attributable to owners increased by 80 percent during the first nine months of this year, and 78 percent during the third quarter, if non-recurring gains are excluded from the fair evaluation of investment properties.
The group’s total assets reached 21.8 billion dirhams at the end of September, up from 21.4 billion dirhams at the end of 2023, according to the statement.
Khaled Bin Kalban, Vice Chairman and Chief Executive Officer of Dubai Investments, said: “We look to the future with optimism and positivity thanks to the dynamic momentum witnessed by the real estate sector, in addition to the improved performance levels of our investment portfolio. The group continues to achieve revenues from monetizing its real estate assets as part of its strategic objectives.” It also maintains its position and capabilities to achieve long-term value for the company’s owners, by taking advantage of emerging opportunities and adopting future investment strategies.”
