The Emaar Properties from Dubai reported the annual sales record and the profitability of booming sales last year. The Emaar Properties reported a revenue of AED24.9bn which is $6.8 billion in the year 2022, recurring the revenue businesses because of the rebound of global tourism.
In the year 2022, Emaar Properties Dubai has achieved tremendous success in the real estate market. The company has become the largest real estate developer in the region, with projects in more than 20 countries around the world.
The developer earned net profit for 2022 by 18 percent and 80 percent respectively, to AED d9.8 billion and AED 6.8 billion as compared to the year 2021. It is a result of sustained revenue, control over costs, and the continued improvement in margins.
The Emaar group’s property sales reached over AED 53.2 billion and it will be recognized as revenue in the future.
In the previous year, the developer completed the acquisition of Dubai Creek Harbour for consideration of AED7.5 billion which is $2 billion.
According to an official with Next Level Real Estate.The founder of Emaar, Mohamed Alabbar stated that after the success of 2022, the developer is pleased with the accomplishments and the improvements in consumer confidence and over business activity especially the real estate market profited from the operation of the company over the past year. He thanked the strategic measures taken over the past two years.
Alabbar further stated that given these remarkable outcomes, they expect to see strong performance by the shopping centers, hotels, and property sales in 2023. The developer will continue to deliver the advanced projects and unparalleled offerings across all of our business units.
In 2022, the iconic Emirate of Dubai has become even more of a global hot spot for development thanks to the incredible projects coming from Emaar Properties. Since its founding in 1997, Emaar has been rapidly expanding its development portfolio and continues providing awe-inspiring projects that have transformed Dubai’s landscape. Some of the most successful projects of Emaar Properties in 2022 include:
Dubai Hills Estate - Dubai Hills Estate is a master-planned community in the middle of Dubai, providing a lifestyle of luxury and convenience. This project includes world-class residential and commercial spaces, along with plenty of recreational and leisure activities. The project also boasts a plethora of amenities, including shopping malls, restaurants, cafes, and even a championship golf course. • Dubai Creek Tower - The world’s tallest tower, Dubai Creek Tower is a feat of engineering and a wonder to behold. Standing at 2,722 feet, this incredible structure provides stunning views of the city and is a major tourist attraction.
Downtown Dubai - Home to the world’s tallest building, the Burj Khalifa, Downtown Dubai is the city’s most popular area. The area hosts hundreds of world-class restaurants, shopping malls, and other commercial establishments, making it one of the most sought-after locations in the world. • Dubai Mall - The world’s largest shopping and entertainment destination, Dubai Mall is a must-visit for anyone visiting the emirate. It features more than 1,200 stores and restaurants, along with a world-class aquarium, a movie theater, and even an indoor ski slope.
Dubai Marina - Dubai Marina is a luxurious waterfront area of Dubai and one of the city's most picturesque places. It is home to high-end residential apartments, villas, and numerous restaurants, shops, and entertainment venues. These are just a few of the incredible projects Emaar Properties has completed and continues to develop in 2022. The company’s commitment to innovation and excellence has helped to transform Dubai into the world-renowned destination it is today.
Name: Next Level Real Estate
Address: Opal Tower - 1505 - Burj Khalifa Blvd - Business Bay - Dubai
Contact: +971 4 454 2828
Email: [email protected]
Source: Story.KISSPR.com
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