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Dubai Development Company (شركة دبى للتطوير)

Main Activities: Real Estate

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Company Information

Full name
Dubai Development Company (شركة دبى للتطوير)

Legal Address
P.O. Box 59, Al Mulla Building, Office 102, Baniyas Road, Deira, Dubai.; Dubai; Northern Emirates
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
Financial Auditors: Sajjiad Haider & Co. (2013)
Incorporation Date: June 25, 1975
Total Employees: 5

Tel: 971 42225183

Company Description

Dubai Development Company PSC is a United Arab Emirates-based public shareholding company established on the 25th of June, 1975 and listed in Dubai's Financial Market on the 5th of March, 2007.
It is primarily engaged in real estate development. The Company's projects include the development of a new township and the sale of plots of land for the construction of private houses for residential and commercial purposes in the Rashidyah Mirdif area. Dubai Development Company PSC is headquartered
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues decreased with -54.70%, from AED 814.055 thousands to AED 368.792 thousands. The results of the period decreased -77.87% reaching AED 127.989 thousands at the end of the period against AED 578.276 thousands last year. Return on equity (Net income/Total equity) went from 3.16% to 0.69%, the Return On Asset (Net income / Total Asset) went from 2.97% to 0.65% and the Net Profit Margin (Net Income/Net Sales) went from 71.04% to 34.70% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 6.65% compared to 6.43% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 20.79 to 19.95 when compared to the previous year.

Key Executives

HE Humaid Bin Nasser Al Owais Chairman
Mr.Yousef Mohammed Al Mulla Vice Chairman
Dr.Khalil Essa Awad BOD - Board of Directors

Companies with Similar Main Activities

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Balance Sheet

Total Assets

20,008

19,672

Current Assets

20,008

19,672

Total Liabilities

1,909

1,226

Shareholders Equity

18,099

18,446

Current Liabilities

1,669

986

* All the accounts are in AED.
Income Statement

Total Operating Revenue

432

368

Net Profit (Loss)

-347

127

* All the accounts are in AED.
Ratios
Profitability Ratios

Return on Assets (ROA)

-1.73%

0.65%

Annualised Return on Assets (ROA)

-1.73%

0.65%

Return on Equity (ROE)

-1.92%

0.69%

Annualised Return on Equity (ROE)

-1.88%

0.7%

Return on Sales (ROS)

-80.33%

34.7%

Gross Profit Margin

100%

100%

Efficiency Ratios

Accounts Receivable Turnover

3.98x

7.67x

Current asset turnover

0.02x

0.02x

Asset Turnover

0.02x

0.02x

Valuation figures and ratios

Enterprise value

-15,340

-15,748

Bookvalue (BV)

18,099

18,446

Net Cash

17,990

18,398

Liquidity Ratios

Current Ratio

1,198.76%

1,994.62%

Quick ratio

1,198.76%

1,994.62%

Doom's day ratio

1,192.26%

1,989.74%

Leverage Ratios

Leverage ratio

110.55%

106.65%

Debt to equity

10.55%

6.65%

Debt to total assets

9.54%

6.23%

Long Term Debt to Capital

1.31%

1.28%

Market ratios

Market Cap / Net cash

0.15

0.14

Trend Ratios

Revenue Trend

117.17%

45.3%

Net Income Trend

-271.22%

22.13%