August 8, 2024

Emaar Development see H1 net profit rise as property sales surge

The Dubai-based developer's sales backlog reached $24.52 billion as of the end of June. Dubai-based Emaar Properties PJSC reported a net profit attributable to shareholders of AED 5.34 billion ($1.45 billion) for H1 2024, an 8% increase year-on-year, driven by rising retail sales and higher real estate demand in Dubai. The company disclosed on Thursday via DFM that its revenue reached AED 14.4...

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