Emaar Development posted property sales of Dhs48bn ($13.1bn) for the first nine months of the year
Emaar’s recurring revenue-generating portfolio collectively generated revenue of Dhs4.6bn during H1 2024, representing 32 per cent of its total revenue
Emaar Development’s sales backlog has increased to Dhs65.7bn, which will be recognised as revenue in the coming years
The Dubai-based developer reported a 7 per cent increase in revenues to Dhs26.7bn ($7.3bn)
The developer’s group property sales, rose by 14 per cent to Dhs20.2bn
Emaar Development reported earnings before EBITDA of Dhs4.22bn, achieving 17 per cent growth in net profit to Dhs3.80bn
It reported its highest ever property sales of Dhs20.94bn over the same period
Adnan Kazim has been named as its new chairman in line with regulatory requirements