Emaar Properties PJSC

Emaar Properties PJS C and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending June 30, 2024.

Emaar Properties PJSC reported significant financial growth for the first half of 2024. Group property sales increased by 56% to AED 31.5 billion (US$ 8.6 billion), and the property sales backlog reached AED 90.1 billion (US$ 24.5 billion). Net profit before tax rose by 33% to AED 7.8 billion (US$ 2.1 billion) compared to the same period in 2023. Additionally, Emaar announced a AED 1.5 billion (US$ 408 million) investment to expand Dubai Mall with 240 new luxury retail options. Total revenue grew by 17% to AED 14.4 billion (US$ 3.9 billion), driven by robust demand in Dubai's real estate market, strong project execution, and growth in tourism and retail sales. EBITDA increased by 24% to AED 8 billion (US$ 2.2 billion). Mohamed Alabbar highlighted the company's strategic investments and commitment to long-term success and customer satisfaction.

The document presents the unaudited interim condensed consolidated financial statements of Emaar Properties PJSC and its subsidiaries for the period ending 31 March 2024.

On 3rd April 2024, EMAAR submitted a list of candidates for the Board of Directors of Emaar Properties PJSC to the Dubai Financial Market's CEO, Mr. Hamed Ali. The submission, made through the Efsah system, included the CVs of each candidate. The information was classified as confidential/legal.