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Dubai Investments Showed a Positive Outlook at Dh235.6 million in Q3 in 2024

For instance, for Dubai Investments, profits softened to Dh759.6m for nine months from Dh637m. Still, the operator of industrial zones can take comfort in Q3-24 increases as profit rose over the July-September quarter by Dh235.6m from Dh209m. 

Real estate will be a major source of investment for the company in the medium run. While its resort project in Ras Al Khaimah is progressing, its flaw Dubai Investments Park still draws large, expensive acquisitions. Aldar of Abu Dhabi reportedly promised to invest in DIP in Dubai for its first logistics real estate venture. 

Mr Khalid Bin Kalban, the CEO and vice Chairman stated that the improved performance of its investment portfolio has complemented the group along with the dynamic happenings in the real estate industry. As an aspect of the Group’s strategic plans, Dubai investments will be monetizing the real estate assets. 

In addition to the “geographical expansion efforts are also gaining momentum,” the company has been hired to establish an economic zone in Angola. The development of the DIP Angola project, which “demonstrates Dubai Investments vision of establishing integrated hubs that catalyze economic and social progress,” has started.
The revenues, at Dh2.92 billion, are lower than those of the same period last year, which were at Dh2.99 billion. The stock is currently trading at Dh2.15 on DFM. It is also far from the 52-week low of Dh1.93.

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