The company said total revenue recorded strong growth, reaching 1.02 billion dirhams (equivalent to $280 million), compared to 761 million dirhams in the first quarter of 2022, an increase of 34%.
In a related context, total equity increased to 13.16 billion dirhams from 12.28 billion dirhams in the same period of 2022.
While the group managed to maintain the stability of the total value of its assets at 20.96 billion dirhams.
Commenting on the results, Khalid Bin Kalban, Vice Chairman and Managing Director of the firm, said Dubai Investments continues to deliver strong and sustainable results, supported by the group’s strategic initiatives.
He added: “In light of the strong growth witnessed by the UAE economy in general, the strong upward trajectory and the steady growth of the real estate sector, Dubai Investments has succeeded in strengthening its strategic location and position. , which would be a favorable factor to take advantage of these favorable conditions.”
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