Emaar Development experienced a significant 30% increase in sales volumes, attributed to the successful completion of 30 project launches during this period, as stated in a press release.
Emaar Properties demonstrated strong performance and operational efficiency across its various businesses in the first quarter (Q1) of 2024, as stated in a press release.
Emaar Development experienced a significant 30% increase in sales volumes, attributed to the successful completion of 30 project launches during this period, according to a press release.
Remarkable projects such as Address Residences Zabeel and Palace Residences Dubai Hills Estate each sold 2,500 units within just seven days of becoming available for sale.
Total unit sales reached 8,400 in Q1-24, marking a 56% increase compared to the same period last year.
This achievement was made possible through strategic partnerships with 995 agencies and the training of nearly 6,000 property consultants at the Emaar Academy.
Emaar was also active in construction, awarding 50 new contracts worth AED 8.70 billion over the six-month period.
Emaar Malls retained its status as the world’s most visited retail and entertainment destination, with Dubai Mall drawing 105 million visitors and recording an 8% increase in footfall.
Customer experience was further enhanced by improvements to parking facilities and innovative new washroom designs. Dubai Opera also set new attendance records, hosting 250,000 spectators at its world-class cultural events.
In terms of operational excellence, Emaar conducted over 2,331 fire safety training sessions for its employees and retailer partners.
The community management team effectively handled flood relief efforts for over 4,500 homes affected by heavy rainfall in April 2024.
Internationally, Emaar saw successful project launches, with its luxury residences project Urban Oasis in Gurgaon, India, selling out completely.
The company’s projects in Karachi, Pakistan also showed significant progress.
Looking ahead, Emaar reaffirmed its unwavering commitment to quality, customer satisfaction, innovation, and sustainability across its diversified real estate and hospitality portfolio.
During an internal meeting, Mohamed Alabbar, Founder of Emaar Properties, stated: “Our performance in H1-24 demonstrates Emaar’s relentless pursuit of excellence and innovation. We are not just managing businesses; we are shaping legacies and transforming communities for a prosperous future.”
In the first quarter (Q1) of 2024, Emaar Properties’ revenues rose to AED 6.70 billion ($1.80 billion).
