Sunday, 20 April 2025
Trending
BusinessDubai

Dubai Investments Reports Strong Financial Growth with Dh1.3 Billion Net Profit

  • Net profit before tax rises 21% to Dh1.3 billion in 2024.
  • Total assets increase to Dh22.10 billion, driven by strong property sales.
  • Expansion plans focus on real estate, REIT portfolio, and strategic investments.

Dubai Investments has achieved significant financial growth in 2024, with a net profit before tax of Dh1.3 billion, reflecting a 21% increase from the previous year.

Looking ahead, Dubai Investments aims to expand its footprint in the UAE with new real estate projects and strengthen its investment portfolio in healthcare, AI, financial services, and education.

Dubai Investments Strengthens Market Position with Robust 2024 Growth

Dubai Investments has demonstrated resilience and strong financial performance, with a 21% rise in net profit before tax. The company attributes this success to increased property sales, high rental income, and strategic asset acquisitions, leading to a total asset base of Dh22.10 billion.

The group’s commitment to long-term sustainability is evident through its diversified investment approach, expanding beyond real estate into healthcare, AI, education, and financial services. These sectors are poised to play a crucial role in its future growth.

A major focus remains on the expansion of the Al Mal Capital REIT portfolio, reinforcing stable dividend returns for investors. Meanwhile, the upcoming Violet Tower project is progressing as planned, further cementing Dubai Investments’ position in the UAE’s real estate market.

Additionally, the company is actively evaluating IPO opportunities for select subsidiaries, aiming to enhance market presence and maximize shareholder value. A disciplined approach to portfolio optimization ensures continued efficiency and sustainable returns.

Dubai Investments’ strategic focus on real estate, REIT expansion, and impact-driven investments positions it for sustained growth. With a strong financial foundation, the company remains committed to long-term value creation and market leadership.

“The secret of success is to do the common thing uncommonly well.” — John D. Rockefeller

Related posts
Business

Steel Industry Growth: India’s 300 MT Goal by 2030

India targets 300 MT steel capacity and 160 kg per capita consumption by 2030 ₹17,000 crore…
Read more
Business

Elon Musk's 2025 Agenda: India on the Horizon

Musk to visit India later this year after speaking with PM Modi about tech and…
Read more
DubaiTechnology

UAE's Shift to Facial Recognition: A New Era of ID

UAE replaces physical Emirates ID cards with AI-powered facial recognition. New system enables…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published. Required fields are marked *

AmericasBusiness

Elon Musk’s DOGE Cancels 2 Lakh Government Credit Cards: What It Means

Worth reading...