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Emaar Properties posts Dh33.76b highest ever sales in 2021

Posted by admin on February 24, 2022
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Emaar rumored a net of Dh3.8 billion ($1.035 billion) for 2021 compared to internet profit of Dh2.109 billion ($574 million) in 2020, a growth of eighty per cent

EMAAR


Emaar Properties on Mon declared a major increase in property sales of 209 per cent about to Dh33.762 billion ($9.192 billion) compared to 2020 sales of Dh10.902 billion ($2.968 billion), demonstrating continued capitalist confidence within the Emaar wholethis can be the best ever property sales recorded by Emaar since its incorporation in 1997.

“Underlining the sturdy performance of its realty business also as robust performance of revenant revenues from its looking malls, retail and welcome businesses, Emaar’s 2021 revenue stood at Dh28.270 billion ($7.697 billion), a rise of fifty seven per cent compared to 2020.

“Emaar rumored a net of Dh3.8 billion ($1.035 billion) for 2021 compared to internet profit of Dh2.109 billion ($574 million) in 2020, a growth of eighty per cent,” the corporate aforesaid in a very statement on Mon.
With a solid sales backlog of Dh46.057 billion ($12.539 billion), which is able to be recognised as future revenue for Emaar Properties, the backlog reflects the strength of Emaar’s monetary position to preserve high revenue, profit and shareholders’ come back within the predictable future.

“Emaar’s portfolio of prime, extremely property assets is ready to still take pleasure in the basic shifts occurring at intervals the important estate market also because the company’s approach to portfolio optimization,” Mohamed Alabbar, founding father of Emaar Properties, said.

He aforesaid Emaar contains a substantial development pipeline and landbank, which, once combined with its high-quality loyal client base and increasinggifted and dedicated team, leaves Emaar well-positioned to execute on its clearly outlined strategy and to with success deliver enticingproperty returns for all stakeholders.

“As one amongstthe foremost dynamic and growing markets within the world, Dubai’s property market could be a testament to the strength and resilience of the UAE as a nation and Emaar is proud to steer the means forward,” Alabbar aforesaid.

Emaar has bimanual over quite eighty one,600 residential units in Dubai and international markets since 2002, reflective sturdy project execution capabilities. Currently, over 24,500 units area unit beneath development within the UAE and ten,700 units in world markets.

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