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Dubai: Further proof of a gradual recovery in Dubai property sales is now in evidence – Emaar Development had “one of its highest quarterly sales” during the first three months of this year. Property sales in the emirate doubled to Dh5.88 billion from Dh2.85 billion, while net profit came to Dh781 million, which is up 20 per cent.
“Our commitment to project delivery, cashflow generation and future project developments have underlined our health sales results for Q1-2021,” said Mohammed Alabbar, founder of Emaar Properties and Emaar Development, in a statement. “What sets us apart from competitors is our community-centric strategy, delivering not just premium residential developments but also malls, hospitality and entertainment experiences.”
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