Deyaar Development reported an 18% rise in net profit to AED479 million during the first nine months of 2026, while revenue increased 7%. Property development drove growth, offsetting weaker hospitality performance, where revenue declined 21% to AED60 million and profit fell 26%, amid disruption from the US-Iran war.
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Wynn Al Marjan Island’s $5.7 billion resort, opening in September 2027, is accelerating Ras Al Khaimah’s luxury property market. Al Hamra Group is expanding with more than 2,600 new residences, leveraging its established track record. With 90% of its master plan developed, the company is preparing to expand into new locations.
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