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on09 August 2024
Emaar net profit surges 33% to Dh7.8b on continuing Dubai property boom
Dubai: Sustained demand from its home market continues to drive Emaar group’s numbers, with H1-2024 revenues shooting up 17 per cent to Dh14.4 billion and resulting in a net profit before tax of Dh7.8 billion. That represents a stellar 33 per cent spike from a year ago.
Emaar had been hitting the Dubai market with regular launches, doubling down on community themed projects and which are finding favour with a new set of UAE based and overseas buyers. "Our strategic investments in key locations and other major assets have yielded impressive returns," said Mohammed Alabbar, founder.
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Sefeiya Janne
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