Emaar Properties PJSC

Ticker/ISIN

EMAAR

AEE000301011

Market/Country

Dubai Financial Market

United Arab Emirates

About Emaar Properties PJSC

Country of Origin: United Arab Emirates (U.A.E)

Emaar Properties Public Joint Stock Company (the “Company” or the “Parent”) was established as a public joint stock company by Ministerial Decree number 66 of the year 1997. The Company was established on 23 June 1997 and commenced operations on 29 July 1997. The Company and its subsidiaries constitute the Group (the “Group”).

The shares of the Company are traded on the Dubai Financial Market. The principal activities of the Group are property investment and development, shopping malls and retail, hospitality, property management and utility services and investments in providers of financial services.

Latest Pressrelease Summaries from Emaar Properties PJSC

The text refers to the consolidated financial statements of Emaar Properties PJSC and its subsidiaries as of December 31, 2024.

Disclosure: Financial statements for the year of 2024

23 days ago

In 2024, Emaar Properties PJSC achieved record-breaking financial results, with a 72% increase in property sales amounting to approximately AED 70 billion (US$ 19 billion) and a revenue backlog exceeding AED 110 billion (US$ 30 billion). The company's revenue grew by 33% to AED 35.5 billion (US$ 9.6 billion), and its EBITDA reached AED 19.3 billion (US$ 5.2 billion), with a margin of 54%. Net profit before tax rose by 25% to AED 18.9 billion (US$ 5.1 billion). Emaar also announced a new dividend policy and its highest proposed dividend of AED 8.8 billion, doubling from the previous year. The company expanded its business by acquiring 141 million square feet of development land in Dubai, valued at AED 96 billion. Emaar focused on customer satisfaction by repairing homes affected by unprecedented rain at its own expense and prioritized investing in young talent development in the UAE.

Disclosure: Press release regarding financial results for the year of 2024

24 days ago

Emaar Properties PJSC and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending September 30, 2024.

Disclosure: Financial statements for the 3rd QTR of 2024

4 months ago

Emaar Properties PJSC reported significant financial growth for the first nine months of 2024. Property sales increased by 60% to AED 50 billion (US$ 13.6 billion), and the revenue backlog exceeded AED 100 billion (US$ 27.2 billion). The company's revenue grew by 30% to AED 23.8 billion (US$ 6.5 billion), and net profit before tax rose by 24% to AED 12.4 billion (US$ 3.4 billion) compared to the same period in 2023. Emaar attributes its success to strong demand in Dubai's real estate market, effective project execution, and investor confidence. The company also achieved a 17% growth in EBITDA, reaching AED 12.6 billion (US$ 3.4 billion). Mohamed Alabbar emphasized Emaar's commitment to adapting to market changes and continuing to deliver luxury living experiences.

Disclosure: Press release regarding financial results for the third QTR of 2024

4 months ago

Emaar Properties PJS C and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending June 30, 2024.

Disclosure: Financial statements for the 2n QTR of 2024

7 months ago

Emaar Properties PJSC reported significant financial growth for the first half of 2024. Group property sales increased by 56% to AED 31.5 billion (US$ 8.6 billion), and the property sales backlog reached AED 90.1 billion (US$ 24.5 billion). Net profit before tax rose by 33% to AED 7.8 billion (US$ 2.1 billion) compared to the same period in 2023. Additionally, Emaar announced a AED 1.5 billion (US$ 408 million) investment to expand Dubai Mall with 240 new luxury retail options. Total revenue grew by 17% to AED 14.4 billion (US$ 3.9 billion), driven by robust demand in Dubai's real estate market, strong project execution, and growth in tourism and retail sales. EBITDA increased by 24% to AED 8 billion (US$ 2.2 billion). Mohamed Alabbar highlighted the company's strategic investments and commitment to long-term success and customer satisfaction.

Disclosure: Press release regarding financial results for the second QTR of 2024

7 months ago

The document presents the unaudited interim condensed consolidated financial statements of Emaar Properties PJSC and its subsidiaries for the period ending 31 March 2024.

Disclosure: Financial statements for the first QTR of 2024

10 months ago

On 3rd April 2024, EMAAR submitted a list of candidates for the Board of Directors of Emaar Properties PJSC to the Dubai Financial Market's CEO, Mr. Hamed Ali. The submission, made through the Efsah system, included the CVs of each candidate. The information was classified as confidential/legal.

Disclosure: Nominees for Board of Directors membership

a year ago