Emaar Properties Achieves Highest Ever Property Sales Of AED33.762 Billion In 2021 #Dubai - Dubai City Guide
Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit




Home / News / Company News
Company News

Emaar Properties Achieves Highest Ever Property Sales Of AED33.762 Billion In 2021
(15 February 2022)


Emaar Properties announced a significant increase in property sales of 209 per cent reaching to AED33.762 billion (US$ 9.192 billion) compared to 2020 sales of AED10.902 billion (US$ 2.968 billion), demonstrating continued investor confidence in the Emaar brand. This is the highest ever property sales recorded by Emaar since its incorporation in 1997.

"Underlining the robust performance of its real estate business as well as strong performance of recurring revenues from its shopping malls, retail and hospitality businesses, Emaar's 2021 revenue stood at AED 28.270 billion (US$ 7.697 billion), an increase of 57 percent compared to 2020. Emaar reported a net profit of AED3.800 billion (US$ 1.035 billion) for 2021 compared to the net profit of AED 2.109 billion (US$ 574 million) in 2020, a growth of 80 percent," the company said in a statement today.

With a solid sales backlog of AED46.057 billion (US$ 12.539 billion), which will be recognised as future revenue for Emaar Properties, the backlog reflects the strength of Emaar's financial position to preserve high revenue, profitability and shareholders' return in the foreseeable future.

Mohamed Alabbar, Founder of Emaar Properties, said: "Emaar’s portfolio of prime, highly sustainable assets is set to continue to benefit from the fundamental shifts occurring within the real estate market as well as the company’s approach to portfolio optimisation. Emaar has a substantial development pipeline and landbank, which, when combined with its high-quality loyal customer base and expanding talented and dedicated team, leaves Emaar well-positioned to execute on its clearly defined strategy and to successfully deliver attractive, sustainable returns for all stakeholders. As one of the most dynamic and growing markets in the world, Dubai's property market is a testament to the strength and resilience of the UAE as a nation and Emaar is proud to lead the way forward."

Emaar has handed over more than 81,600 residential units in Dubai and international markets since 2002, reflecting robust project execution capabilities. Currently, over 24,500 units are under development in the UAE and 10,700 units in global markets.

We accept Guest Posts

DubaiCityGuide.com is owned and managed by Cyber Gear

  All fields are mandatory
Your Name
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

email print

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities


Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
DCG at a glance