Emaar Properties’ Q1 net profit rises to Dh657m issacjohn@khaleejtimes.com Filed on May 10, 2021
Emaar’s Q1 2021 revenue stood at Dh5.993 billion, an increase of 12 per cent compared to Q1 2020 revenue of Dh5.328 billion.
The developer said on Monday that it achieved a significant 83 per cent increase in sales to Dh7.115 billion
Emaar Properties recorded an 8.0 per cent growth in net profit to Dh657 million for the first quarter 2021 compared to the net profit of Dh609 million during the same period in 2020.
The developer said on Monday that it achieved a significant 83 per cent increase in sales to Dh7.115 billion in the first quarter compared to the Q1 2020 sales of Dh3.887 underscoring investors’ continued confidence in Emaar brand and recovery of Dubai real estate market.
Dubai’s Emaar Properties posts 58% slump in net profit for 2020
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Emaar now has a total sales backlog of Dhs36.677bn, of which Dhs24.738bn is in the UAE
by Zainab Mansoor
February 15, 2021
Dubai developer Emaar Properties reported a net profit of Dhs2.617bn, against Dhs6.2bn achieved in 2019, slipping 57.8 per cent.
Meanwhile, its revenue of Dhs19.710bn, also dipped 19.8 per cent, against Dhs24.58bn in 2019. Emaar recorded overall property sales of Dhs10.902bn of which Dhs6.321bn was achieved in the UAE.