Emaar Group’s results are driven by sustained demand from its home market; revenues in H1-2024 increased by 17% to Dh14.4 billion, with a Dh7.8 billion net profit before taxes. That is an incredible 33% increase from the previous year.
Emaar has been entering the Dubai market regularly, focusing on community-themed projects and winning over new customers from both abroad and the United Arab Emirates. “Our strategic investments in key locations and other major assets have yielded impressive returns,” said Mohammed Alabbar, founder.
As of the end of June, the group-wide revenue backlog from property sales was Dh90.1 billion, up 15% from March 2024 and 43% from the previous year. This backlog is “indicating sustained profitability” and “future revenue that will be recognized over the next 4-5 years.”
