by Amruth Sundarkumar | Aug 22, 2022 | Corporates
Dubai’s real estate developer Emaar Properties plans to sale its fashion platform Namshi to e-commerce company Noon for a cash consideration equity value of $335.2mn following its board approval on 19 August. DFM (Dubai Financial Market) has suspended trading on Emaar...
by Amruth Sundarkumar | Jun 6, 2022 | Corporates, Credit Ratings
Emaar Properties PJSC and Emaar Malls were upgraded from BB+ to BBB- by S&P. It reported a record high presales revenue of AED 27.4bn ($7.5bn) in 2021 and continues to have a strong outlook for 2022-2023, with international revenue expected to climb at...
by Amruth Sundarkumar | Feb 15, 2022 | Corporates
Emaar Properties reported an 80% YoY jump in its annual 2021 net profits to AED 3.8bn ($1.03bn). Revenues also jumped by 57% to AED 28.3bn ($7.7bn) with record property sales which soared 335% YoY to AED 27.5bn ($7.5bn), its highest ever figure since 1997 when the...
by Amruth Sundarkumar | Nov 17, 2021 | Corporates
Emaar Properties reported a real estate sales of AED 26bn ($7.1bn) in 9M2021, 3x the sales for the same period last year. Its Dubai market sales were 5x that of last year. Net profits for 9M2021 were at AED 2.6bn ($702mn), 25% higher YoY. Emaar said it has a...
by Amruth Sundarkumar | Sep 7, 2021 | High Yield Bonds
Emirati real estate company Emaar Properties has received final approval for a merger with related mall operator Emaar Malls. As per the joint statement issued on Monday, “The move will reinforce Emaar Properties’ position as MENA’s largest integrated and...
