Company Insights Emaar Development Real Estate Emaar Development News Real Estate Emaar Development profit rises 74% to $1.8bn in 2023 Emaar Development, a wholly owned subsidiary of Dubai’s Emaar Properties, reported that net profit surged 74 percent year on year to AED6.6 billion ($1.8 billion) last year, propelled by 27 new project launches across Dubai. Property sales increased 22 percent year on year to AED37.4 billion. The developer’s sales backlog stands at AED57.1 billion, which […] February 9, 2024 Analysis Real Estate Investors favour Emaar for Dubai property returns Dubai’s residential property sector rebound has reaped huge profits for the emirate’s developers and landlords. Yet for equity traders, there is really only one investible conglomerate: Emaar Properties and its subsidiary, Emaar Development. There has been upheaval among second-tier developers listed on Dubai’s bourse, while the other major players, such as Nakheel, Dubai Properties and […] November 22, 2023 Real Estate Emaar earnings jump 42% on back of real estate demand Shares in Emaar Properties were up 4.4 percent in trading on Friday off the back of strong financial results announced for the first nine months of the year. Dubai’s largest developer reported a 42 percent year-on-year increase in profit on higher property sales and a surge in real estate demand. The developer’s nine-month net earnings […] November 10, 2023 Construction Emaar share price declines despite first-half profit rise Dubai’s Emaar Properties reported a 15 percent rise in first-half net profit on Thursday as declining costs and surging other income more than offset a double-digit drop in revenue. Yet investors seemed unimpressed, and the company’s share price, and that of its subsidiary Emaar Development, were both down in early trading on Dubai’s bourse. Emaar […] August 10, 2023 Real Estate Emaar’s profit rises 43% as property sales hit $2.5bn Emaar Properties reported a net profit of AED3.2 billion ($873 million) for the first quarter, surging 43 percent year on year on higher tourism, sales and demand for real estate in Dubai. Revenue for the period rose to AED6.3 billion, as Ebitda increased 26 percent year-on-year to AED4 billion. The group’s property sales reached AED9.2 […] May 12, 2023 Banking and Finance Zand unveils big names as UAE’s digital banking rivalry hots up Zand, the digital bank headed by Emaar boss Mohamed Alabbar, has named a number of business big hitters as part of its board of directors ahead of its launch. Adnan Abdulfattah Kazim Abdulfattah, Emirates chief commercial officer, and Yusuff Ali MA, chairman of retail giant Lulu Group, are part of the new venture as competition […] July 5, 2022 Posts navigation Previous 1 2
Real Estate Emaar Development profit rises 74% to $1.8bn in 2023 Emaar Development, a wholly owned subsidiary of Dubai’s Emaar Properties, reported that net profit surged 74 percent year on year to AED6.6 billion ($1.8 billion) last year, propelled by 27 new project launches across Dubai. Property sales increased 22 percent year on year to AED37.4 billion. The developer’s sales backlog stands at AED57.1 billion, which […] February 9, 2024
Analysis Real Estate Investors favour Emaar for Dubai property returns Dubai’s residential property sector rebound has reaped huge profits for the emirate’s developers and landlords. Yet for equity traders, there is really only one investible conglomerate: Emaar Properties and its subsidiary, Emaar Development. There has been upheaval among second-tier developers listed on Dubai’s bourse, while the other major players, such as Nakheel, Dubai Properties and […] November 22, 2023
Real Estate Emaar earnings jump 42% on back of real estate demand Shares in Emaar Properties were up 4.4 percent in trading on Friday off the back of strong financial results announced for the first nine months of the year. Dubai’s largest developer reported a 42 percent year-on-year increase in profit on higher property sales and a surge in real estate demand. The developer’s nine-month net earnings […] November 10, 2023
Construction Emaar share price declines despite first-half profit rise Dubai’s Emaar Properties reported a 15 percent rise in first-half net profit on Thursday as declining costs and surging other income more than offset a double-digit drop in revenue. Yet investors seemed unimpressed, and the company’s share price, and that of its subsidiary Emaar Development, were both down in early trading on Dubai’s bourse. Emaar […] August 10, 2023
Real Estate Emaar’s profit rises 43% as property sales hit $2.5bn Emaar Properties reported a net profit of AED3.2 billion ($873 million) for the first quarter, surging 43 percent year on year on higher tourism, sales and demand for real estate in Dubai. Revenue for the period rose to AED6.3 billion, as Ebitda increased 26 percent year-on-year to AED4 billion. The group’s property sales reached AED9.2 […] May 12, 2023
Banking and Finance Zand unveils big names as UAE’s digital banking rivalry hots up Zand, the digital bank headed by Emaar boss Mohamed Alabbar, has named a number of business big hitters as part of its board of directors ahead of its launch. Adnan Abdulfattah Kazim Abdulfattah, Emirates chief commercial officer, and Yusuff Ali MA, chairman of retail giant Lulu Group, are part of the new venture as competition […] July 5, 2022
