Emaar Properties PJSC (DFM: EMAAR) has released its Q1-2024 financial results, showcasing robust performance and operational efficiency across its various business segments. Financial Highlights Emaar reported revenues of AED 6.7 billion (US$ 1.8 billion) and a net profit before tax of AED 4.3 billion (US$ 1.2 billion), marking a 16% increase from the same period last year. This growth was driven by a...

Union Properties has reported impressive quarterly revenue and profit gains, highlighting significant progress in its ongoing turnaround plan. The Dubai developer also received favorable resolutions on several long-standing issues, strengthening its path to recovery. Quarterly Financial Highlights In Q1-2024, Union Properties generated Dh138.1 million in revenue from customer contracts, a...

Dar Global, a leading luxury international real estate developer, has unveiled its audited full-year financial results for the period ending December 31, 2023. The company reported record-breaking revenues of $360.6 million (Dh1.32 billion), accompanied by a robust gross profit margin of 41%, totaling $146.4 million (Dh537 million). Read More : UAE Real Estate Yields Expected to Remain Strong:...

Emaar Properties, Dubai's largest publicly traded developer, has announced a remarkable 70% year-over-year increase in net profit for the fiscal year 2023, solidifying its position as a key player in the real estate market. Read this also : Aldar Properties Reports 40% Increase in 2023 Net Profit, Declares Dh1.3 Billion Dividends The real estate giant experienced impressive growth in 2023, with...

In an impressive feat for the third consecutive year, Aldar Properties surpassed expectations, recording a 40% surge in net profit to Dh4.4 billion in 2023. This remarkable achievement was complemented by a revenue of Dh14.2 billion, marking a substantial 26% increase. Read this also : Dubai Customs Achieves Record-Breaking 17.15 Million International Visitors in 2023 The...

In a testament to Dubai's thriving real estate sector, Emaar Properties has reported an impressive 42% YoY growth in its nine-month net profit, reaching Dh8.2 billion. This exceptional financial performance is attributed to a convergence of factors, including a surge in tourism, robust retail sales, and escalating demand for real estate. Unlocking Growth: With revenues reaching...