Emaar Properties, Malls Upgraded to BBB- by S&P
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...
Emaar Properties’ Net Profits Jump 80% to $1bn
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...
Emaar Properties Reports Trebling of Sales
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...
