Press releases, Reports & Disclosures for Emaar Properties PJSC

The text refers to the unaudited interim condensed consolidated financial statements of Emaar Properties PJS C and its subsidiaries for the period ending on 30th September 2023.

Emaar Properties PJSC reported a 42% growth in net profit and group property sales of AED 31.1 billion (US$ 8.5 billion) in the first nine months of 2023. The company's property sales backlog reached AED 69.5 billion (US$ 18.9 billion), indicating a strong revenue outlook for the coming years. Recurring revenues also saw a 26% increase, supported by robust tourism and increased tenant sales. Emaar Development PJSC recorded strong property sales of AED 28.9 billion (US$ 7.9 billion) during the same period, reflecting a growth of 25% over the previous year.