Company Insights Emaar Development Real Estate Emaar Development News Real Estate Dubai’s bellwether Emaar to report Q3 profit rise Dubai’s Emaar Properties, bellwether of the emirate’s bourse, and its real estate development subsidiary, are likely to report sizeable increases in third-quarter profits versus the preceding three months as margins expand and under-construction projects reach revenue recognition thresholds. Emaar Properties owns 79 percent of Emaar Development and also has hospitality and retail divisions. It is […] October 24, 2024 Real Estate Emaar revenue jumps 17% as Dubai real estate thrives Emaar Properties, the largest developer in Dubai, reported a net profit attributable to equity holders of AED5.3 billion ($1.4 billion) in the first half of 2024, a year-on-year increase of 8 percent. Revenue jumped 17 percent year on year to AED14.4 billion, thanks to high investor confidence and robust demand in Dubai’s real estate market. […] August 8, 2024 Real Estate Dubai’s Emaar sets quarterly sales record of $3.7bn Dubai-listed Emaar Properties reported its highest-ever quarterly sales, driven by sustained real estate demand in the emirate. Sales surged 47 percent year on year to AED13.5 billion ($3.7 billion), the developer said in a statement. Despite a 9 percent decline in net profit year on year to nearly AED3 billion, net profit before tax rose 16 percent […] May 15, 2024 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 Dubai’s bellwether Emaar to report Q3 profit rise Dubai’s Emaar Properties, bellwether of the emirate’s bourse, and its real estate development subsidiary, are likely to report sizeable increases in third-quarter profits versus the preceding three months as margins expand and under-construction projects reach revenue recognition thresholds. Emaar Properties owns 79 percent of Emaar Development and also has hospitality and retail divisions. It is […] October 24, 2024
Real Estate Emaar revenue jumps 17% as Dubai real estate thrives Emaar Properties, the largest developer in Dubai, reported a net profit attributable to equity holders of AED5.3 billion ($1.4 billion) in the first half of 2024, a year-on-year increase of 8 percent. Revenue jumped 17 percent year on year to AED14.4 billion, thanks to high investor confidence and robust demand in Dubai’s real estate market. […] August 8, 2024
Real Estate Dubai’s Emaar sets quarterly sales record of $3.7bn Dubai-listed Emaar Properties reported its highest-ever quarterly sales, driven by sustained real estate demand in the emirate. Sales surged 47 percent year on year to AED13.5 billion ($3.7 billion), the developer said in a statement. Despite a 9 percent decline in net profit year on year to nearly AED3 billion, net profit before tax rose 16 percent […] May 15, 2024
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
