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Emaar reports record-breaking financial performance in 2024

Summary by mettisglobal.news
February 17, 2025 (MLN): Emaar Properties PJSC has delivered its strongest financial performance to date, demonstrating operational efficiency, construction excellence, and an unwavering commitment to customer satisfaction. In 2024, the company achieved record-breaking property sales of approximately AED 70 billion ($ 19bn), marking a 72% increase from 2023. This surge propelled its revenue backlog from property sales to over AED 110bn ($ 30bn),…
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PropertyNews.aePropertyNews.ae

Emaar Properties Achieves Record-Breaking Sales in 2024 Amid UAE Real Estate Surge - PropertyNews.ae

Emaar Properties, Dubai’s largest listed developer, saw its 2024 net income increase by 16% on an annual basis, as the company’s revenue surged to record levels last year due to a sharp increase in property sales across its portfolio. The company’s net profit attributable to its owners for the year ending December 31 increased to Dh13.5 billion ($3.67 billion), according to a statement issued on Thursday to the Dubai Financial Market, where its …

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mettisglobal.newsmettisglobal.news

Emaar reports record-breaking financial performance in 2024

February 17, 2025 (MLN): Emaar Properties PJSC has delivered its strongest financial performance to date, demonstrating operational efficiency, construction excellence, and an unwavering commitment to customer satisfaction. In 2024, the company achieved record-breaking property sales of approximately AED 70 billion ($ 19bn), marking a 72% increase from 2023. This surge propelled its revenue backlog from property sales to over AED 110bn ($ 30bn),…

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Biz TodayBiz Today

Union Coop Reports ‘2024’ Financial Performance

The retail pioneer announced a progressive financial performance for FY 2024, wherein the revenue reached AED 2,491 million, showing a 5% increase, while profit before tax rose by 18%, reinforcing its signature leadership and market dominance. DUBAI: The leading Dubai-based retailer ‘Union Coop’ announced its financial results for the fiscal year ending December 31, 2024, showcasing ‘revenue surge’ and operational flexibility. The cooperative re…

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Construction Business News Middle EastConstruction Business News Middle East

Emaar Development Achieved Record-Breaking Figures In Sales, Revenue, And Profit In 2024 - Construction Business News Middle East

Emaar property sales surged by 75%, reaching AED 65 billion (US$ 18 billion), with backlog surpassing AED 91 billion (US$ 25 billion) Emaar Development’s Revenue increased by 61% to AED 19.1 billion (US$ 5.2 billion) EBITDA increased to AED 9.4 billion (US$ 2.6 billion) indicating a high EBITDA margin of 49%. Net Profit before tax increased by 20% to AED 10.2 billion (US$ 2.8 billion); a net margin of 53%. Emaar Development PJSC (DFM: EMAARDEV)…

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Construction Business News Middle East broke the news in on Monday, February 17, 2025.
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