Dubai – Mubasher: Dubai Investments has reported a 9% increase in net profits attributable to the owners to AED 455.6 million during the first nine months of 2021, compared to AED 418.069 million in the year-ago period, as shown by the company's consolidated interim financials for the nine-month period ended 30 September 2021.

The company recorded total income of AED 2.568 billion in the January-September period of 2021, up from AED 1.905 billion in the same period of 2020.

The basic and diluted earnings per share (EPS) stood at AED 0.11 in the first nine months of 2021, versus AED 0.10 in the corresponding period of the earlier year.

During the third quarter (Q3) of 2021, the company's net profits decreased to AED 153.534 million from AED 213.067 million in the same quarter of 2020.

The Vice Chairman and CEO of Dubai Investments, Khalid bin Kalban, said: "After careful evaluation and in line with the market trends, the Group is channelising resources towards strengthening its foothold in the real estate market, especially with the improved sentiment and demand within the sector from both local and international markets."

Meanwhile, Kalban added: "The Group recently announced its new venture in the emirate of Ras Al Khaimah, a mixed-use beachfront and residential development worth AED 1 billion, which is aimed at unlocking potential and enhancing the underlying portfolio to deliver consistent and sustainable returns to shareholders."