Deyaar is a UAE-based

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

development and services company. The company develops and sells

residential A residential area is a land used in which housing predominates, as opposed to industrial and commercial areas. Housing may vary significantly between, and through, residential areas. These include single-family housing, multi-family residen ...

and commercial properties and is majority owned by

Dubai Islamic Bank The Dubai Islamic Bank (DIB) is an Islamic bank in Dubai, established in 1975 by Haj Saeed Bin Ahmed Al Lootah. It is the first Islamic bank in the world to have incorporated the principles of Islam in all its practices and is the largest Islamic ...

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 A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates ...

and was listed on the

Dubai Financial Market The Dubai Financial Market (DFM) ( ar, سوق دبي المالي) is a stock exchange located in Dubai, United Arab Emirates. It was founded on 26 March 2000. Overview , there are 67 companies listed on DFM. Most of them are UAE-based companies ...

. 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. In October 2022, Deyaar's board of directors approved an AED 500 million cash settlement made by Limitless. Projects Deyaar worked on include the Dh1bn Regalia tower in Business Bay, the Bella Rose development project in

Dubai Science Park Dubai Science Park (DSP) was established in 2005 and is home to more than 350 companies from multinational corporations to SMEs employing over 3,600 people. It is the region's first science-focused business community, created to position the Unite ...

, and Tria residential tower in Dubai Silicon Oasis.

References

External links

*{{official website, https://www.deyaar.ae
Deyaar Bella RoseTria by Deyaar
Property companies of the United Arab Emirates Companies based in Dubai 2001 establishments in the United Arab Emirates Real estate companies established in 2001