Deyaar Development provides a full range of property development, management, leasing and brokerage services for residential and commercial properties, all of which are according to Sharia principles. It was established in the UAE in 2001 as a subsidiary of Dubai Islamic bankDubai Islamic bank. Initially called Global Real Estate Development Company, the company was re-branded in 2004 as Deyaar Development.

Deyaar is one of the region's largest property management companies. By the end of 2006, it had a total land bank of over AED3 billion (USD817 million) of which AED2.3 billion (USD626 million) are in the UAE. The company has 16,000 units on hand, over 700 buildings and AED11 billion (USD3 billion) in assets under management.

Deyaar has real estate properties in Dubai located in the Dubai Marina, Jumeirah Lake Towers, Business Bay, and TECOM. It also has the Dana towers in Sharjah.

Deyaar's first international activities were in Lebanon, where it entered through Nacim Baabdet, Solidere Saifi Village 2 and Block 18 project.

Deyaar expanded its scope of activities into facilities management by acquiring the UAE-based Omega Engineering in January 2006, a company specializing in air-conditioning, plumbing, electrical contracting and maintenance.

Deyaar announced plans to expand its real estate portfolio by entering international markets. It has identified Saudi Arabia as a key market for investment. India, Qatar and Kazakhstan also have been identified as potential markets. The company has almost completed the development of a villa community, The Gurpinar Villas, in Turkey.

Deyaar experienced rapid growth in profitability as it increased its net profits from AED5 million (USD1.4 million) in 2003 to AED412 million (USD112 million) in 2006. The company underwent an IPO in May 2007 and offered 55% of the company's equity, representing AED3.2 billion (USD871 million), to GCC and UAE nationals only.