Dubai Investments reported a net profit after tax of $111.4 million (AED409.2 million) for the six months ending June 30, 2024, down from $158 million (AED580.48 million) during the same period in 2023. The group also posted a net profit after tax of $78.7 million (AED289.24 million) for Q2 2024, compared to $72.4 million (AED266.03 million) for Q2 2023. When adjusted for a one-off gain on the fair valuation of investment properties, the half-year and second-quarter net profits are 83% and 78% higher, respectively. In a recent filing, Dubai Investments revealed that its total assets grew to $5.9 billion (AED21.82 billion) by the end of June 2024, slightly up from $5.8 billion (AED21.44 billion) at the end of December 2023. However, the company's equity decreased to $3.63 billion (AED13.34 billion) from $3.66 billion (AED13.46 billion) over the same period.

Vice Chairman and CEO Khalid Bin Kalban attributed the company's strong financial performance to strategic business initiatives and a thriving property sector. He highlighted the significant progress in real estate ventures, such as the Danah Bay project in Ras Al Khaimah, expected to advance by the end of 2024, and the launch of the Violet Tower residential project in Dubai’s Jumeirah Village Circle during Q1 2024. Additionally, Dubai Investments’ subsidiary Al Mal Capital REIT acquired a 100% equity interest in Carnation Education, expanding the REIT’s assets under management portfolio to $272 million (AED1 billion). Bin Kalban emphasized that these developments align with the UAE's economic goals and demonstrate the company's commitment to value creation for shareholders.