Dubai-based real estate developer Emaar Properties announced to 31 percent growth with $230 million net profit in the third quarter of 2015 compared to 2014 in a written statement.

Emaar Properties net profit increases 16 pct to $830 million

Dubai-based real estate developer Emaar Properties announced to 31 percent growth with $230 million net profit in the third quarter of 2015 compared to 2014 in a written statement.


Global property developer Emaar Properties PJSC recorded a growth in net profit of 16 per cent for the first nine months (Jan to Sept) 2015 to $ 830 million compared to $ 714 million during the same period in 2014. 

Revenues for the first nine months of 2015 were $ 2.681 billion, a growth of 25 per cent over the same period last year at $ 2.148 billion, said Emaar in a statement.

Emaar’s international operations recorded robust growth with revenues from global operations during the first nine months of 2015 at $ 472 million, which is 18 per cent of the total revenue. This is 21 per cent more than the revenues from international operations during the same period last year. 

“The robust performance of Emaar highlights the success of our strategy to develop exceptional real estate assets in our home market of Dubai and other key international markets with a focus on ensuring the highest standards of build quality and service excellence.” said Mohamed Alabbar, Chairman of Emaar Properties.

“Our commitment is to create long-term value for our stakeholders and the strong recurring revenue streams and international operations position us as a well-persified entity with strong financial fundamentals. With Dubai now welcoming the festive season that further energises the tourism and hospitality sectors, we are confident of closing the year on a robust and positive note.” he added.

Web Site :https://www.emaar.com

Nurullah Kırmacı / [email protected]