Drake & Scull's Nine-Month Profit Rises 73% as Revenue Doubles to Dh270 Million

Revenue for the nine months to September 30 rose to Dh270.3 million from Dh134.9 million, an increase of Dh135.4 million. Net profit was Dh8.2 million higher than a year earlier.

The results show the contractor growing again in a Dubai construction market that has stayed busy despite this year's regional disruption. The company said the growth came from progress across its project portfolio.

Total equity rose to Dh213.3 million at the end of September from Dh195.4 million at the end of 2025. Total assets fell to Dh556.7 million from Dh610.8 million over the same period. Cash and bank balances stood at Dh176 million at the end of September.

Developer Prestige One has appointed Drake & Scull as main contractor for its Berkeley Square development, under a contract worth about Dh128 million, the company said. It is also installing the mechanical, electrical and plumbing systems at the Ritz-Carlton Residences.

The group is also building its own property development in Majan, Dubai. The company said the project is close to launch, but management is still deciding when to bring it to market.

"The momentum in these results comes from consistent delivery on the ground," said Mustafa Kheriba, the company's managing director. "We will keep that discipline as we take on the projects ahead."

Group chief executive Muin El Saleh said: "Revenue has doubled this year and profit is up 73%, which reflects the work our teams are delivering across the business."

The company did not give a launch date for the Majan project or full-year guidance.