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The net profit of Emaar Properties, which is quoted on the Dubai financial market, decreased by 4%, to stand at AED 3.1 billion in the second quarter of this year, against profits of 3.2 billion AED in the corresponding period of 2018. The company increased by 4% to 11.6 billion dirhams, in addition to the 12% increase in the company's commercial and administrative expenses to approximately 2.2 billion dirhams. dirhams during the same period.
In its press release, Emaar Properties said its sales in the first half of this year had increased 52 percent to 9.4 billion AED, and that more than 49 billion AEDs of projects would be sold out. by the end of June 2019. This revenue will be recognized over the next three to four years.
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