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Bank – UAE:
In the first half of this year, Emaar Development Company launched 16 new projects worth AED 8.85 billion, worth AED 37.6 billion and will be counted as revenue. business over the next 3-4 years.
Emaar Properties said in its statement that the company's real estate sales during the first half of this year amounted to 9.35 billion dirhams, compared to 6.23 billion dirhams during the same period of 2018, up 50%.
Emaar's first half net profit decreased by 24%, to stand at AED 1.3 billion, compared with AED 1.8 billion in the first half of 2018.
The company has attributed its medium-term earnings decline of AED 6.9 billion in the first half of 2018 to AED 6.2 billion, a decrease of 11% at mid-term, a margin of 41.3%. against 44% for the period considered.
Emaar reported a net profit of AED 631 million in the second quarter of 2009, compared with AED 997 million in the second quarter of 2018, while the turnover declined to AED 2.8 billion, compared with AED 3.7 billion for the same period.
In the first quarter of this year, Emaar Properties achieved a business turnover of AED 5.9 billion and the portfolio of projects under development reached AED 37.73 billion in the same period in 2018.
Emaar's profits fell 8 percent to AED 751 million at the end of the first quarter of this year, compared to AED 819.3 million at the end of the first quarter of last year.
The real estate company currently has about 9 residential destinations in Dubai, with over 29,800 homes under development, and has delivered more than 35,700 residential units to date and sold more than 6,500 housing units in the United States. emirate.
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