{{Short description|Dubai real estate company}} {{Infobox company | name = Deyaar Development PJSC | logo = Deyaar -01.png | trade_name = DEYAAR | type = Corporation | industry = Real Estate | key_people = {{Unbulleted list | Saeed Al Qatami (CEO) | Abdullah Ali Al Hamli (chair) }} | founded = January 1999 | hq_location_city = Al Barsha 1st, Dubai | hq_location_country = United Arab Emirates | owner = Dubai Islamic Bank<ref>{{Cite web |last=Rahman |first=Fareed |date=2022-07-28 |title=Deyaar's second-quarter profit surges on higher revenue |url=https://www.thenationalnews.com/business/property/2022/07/28/deyaars-second-quarter-profit-surges-on-higher-revenue/ |access-date=2023-01-08 |website=The National |language=en}}</ref> | website = [https://www.deyaar.ae/ Deyaar] }}
'''Deyaar''' is a UAE-based real estate development and services company. The company develops and sells residential and commercial properties and is majority owned by Dubai Islamic Bank.
== History == At inception, Deyaar started as the property management unit of Dubai Islamic Bank. Deyaar was later established as a private shareholding company on January 6, 2001, with a paid up capital of AED 18.38 million, and commenced operations on June 1, 2003.
In May 2007, Deyaar became a public joint-stock company and was listed on the Dubai Financial Market.<ref>{{Cite web |last=Release |first=Press |title=Deyaar promises a world-class retail experience at its award-winning development |url=https://www.zawya.com/en/press-release/companies-news/deyaar-promises-a-world-class-retail-experience-at-its-award-winning-development-ikbwpchl |access-date=2023-01-08 |website=www.zawya.com |language=en}}</ref><ref>{{Cite web |last=Rahman |first=Fareed |date=2022-10-20 |title=Dubai developer Deyaar reports fourfold jump in third-quarter profit to $9.89m |url=https://www.thenationalnews.com/business/property/2022/10/20/dubai-developer-deyaar-reports-fourfold-jump-in-third-quarter-profit-to-989m/ |access-date=2023-01-08 |website=The National |language=en}}</ref>
In 2019, a UAE court ordered Dubai-based developer Limitless to pay Deyaar AED 411.9 million in a land dispute, AED 61.1 million in fees and compensation.<ref>{{Cite web |last=Rahman |first=Fareed |date=2019-12-26 |title=Deyaar wins Dh411 million claim in land dispute with Dubai developer |url=https://www.thenationalnews.com/business/deyaar-wins-dh411-million-claim-in-land-dispute-with-dubai-developer-1.956402 |access-date=2023-01-08 |website=The National |language=en}}</ref><ref>{{Cite web |last=Rahman |first=Fareed |date=2021-06-06 |title=Deyaar board approves Dh500m settlement offer from Limitless |url=https://www.thenationalnews.com/business/property/deyaar-board-approves-dh500m-settlement-offer-from-limitless-1.1235748 |access-date=2023-01-08 |website=The National |language=en}}</ref> In October 2022, Deyaar's board of directors approved an AED 500 million cash settlement made by Limitless.<ref>{{Cite journal |date=19 October 2022 |title=Deyaar's Third Board Meeting of the year 2022 of Deyaar Development P.J.S.C Results |url=https://feeds.dfm.ae/documents/2022/Oct/19/c86c9e78-a4b7-473a-a014-ffeadd226029/DEYAAR_BODRES_19_10_2022.pdf |journal=Dubai Financial Market, PJSC}}</ref><ref>{{Cite web |last=Rahman |first=Fareed |date=2022-10-20 |title=Dubai developer Deyaar reports fourfold jump in third-quarter profit to $9.89m |url=https://www.thenationalnews.com/business/property/2022/10/20/dubai-developer-deyaar-reports-fourfold-jump-in-third-quarter-profit-to-989m/ |access-date=2023-01-08 |website=The National |language=en}}</ref>
Projects Deyaar worked on include the Dh1bn Regalia tower in Business Bay, the Bella Rose development project in Dubai Science Park, and Tria residential tower in Dubai Silicon Oasis.<ref>{{Cite web |last=Rahman |first=Fareed |date=2021-11-11 |title=Cityscape 2021: Deyaar plans to start several projects next year amid higher demand |url=https://www.thenationalnews.com/business/property/2021/11/11/cityscape-2021-deyaar-plans-to-start-several-projects-next-year-amid-higher-demand/ |access-date=2023-01-08 |website=The National |language=en}}</ref><ref>{{Cite web |title=Dubai developer Deyaar scores 196% gain in H1-2022 net profit |url=https://gulfnews.com/business/property/dubai-developer-deyaar-scores-196-gain-in-h1-2022-net-profit-1.1658985798080 |access-date=2023-01-08 |website=gulfnews.com |date=28 July 2022 |language=en}}</ref>
== References == {{Reflist}}
== External links == *{{official website|https://www.deyaar.ae}}
Category:Real estate companies of the United Arab Emirates Category:Companies based in Dubai Category:2001 establishments in the United Arab Emirates Category:Real estate companies established in 2001