Releases

Emaar Development recorded a 25% increase in property sales, reaching AED 28.9 billion (US$ 7.9 billion) and 43% increase in net profit to AED 4.1 billion (US$ 1.1 billion) for the first nine months of 2023

  Dubai, United Arab Emirates- November 9, 2023: Emaar Development PJSC (DFM: EMAARDEV), the UAE's premier property development company specialising in build-to-sell property development business, that is majority-owned by Emaar Properties PJSC (DFM: EMAAR), sustained its momentum in property sales in the third quarter (July to September) of 2023 as well. The company's property sales increased by...

Emaar Development Acknowledges its Robust Performance for 2022 at its Annual General Meeting

Dubai, United Arab Emirates – 18 April 2023: Today, on April 18, 2022, Emaar Development PJSC (DFM: EMAARDEV) held its Annual General Meeting (AGM) where the Board of Directors reported Emaar's strong performance for 2022. At the AGM, shareholders approved the Board of Directors' proposal to distribute dividend of AED 2.081 billion (US$ 567 million) which equals to 52% of the share capital (~AED...

Emaar Development records property sales of AED 30.713 billion (US$ 8.362 billion) in 2022, an increase of 12% over 2021

Dubai, United Arab Emirates - February 14, 2023: Emaar Development PJSC (DFM: EMAARDEV), the UAE build-to-sell property development business, majority-owned by Emaar Properties PJSC (DFM: EMAAR) recorded an increase of 12% in property sales to AED 30.713 billion (US$ 8.362 billion) compared to AED 27.440 billion (US$ 7.471 billion) in 2021. This performance was a result of Emaar’s successful...