Press releases, Reports & Disclosures for EMAAR DEVELOPMENT PJSC

Page 1
Dubai Financial Market News

Dubai Financial Market News

News Update From EMAAR DEVELOPMENT PJSC

Disclosure: Press release regarding financial results for the third QTR of 2024

Emaar Development reported a 66% increase in property sales during the first nine months of 2024, reaching AED 48 billion (US$ 13.1 billion), compared to the same period in 2023. Revenue grew by 69% to AED 12.5 billion (US$ 3.4 billion), and the sales backlog increased by 47% to AED 83.7 billion (US$ 22.8 billion). The company launched 50 projects, including "Lavita" at The Oasis, a luxury mansion community. Emaar's founder, Mohamed Alabbar, highlighted the company's focus on innovation and sustainable growth. Dubai's growing population and emerging sectors contribute to the region's economic expansion and demand for housing.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From EMAAR DEVELOPMENT PJSC

Disclosure: Earnings Call

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From EMAAR DEVELOPMENT PJSC

Disclosure: Financial statements for the 2n QTR of 2024

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

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From EMAAR DEVELOPMENT PJSC

Disclosure: Press release regarding financial results for the second QTR of 2024

Emaar Development reported a 56% increase in property sales for the first half of 2024, reaching AED 29.7 billion (US$ 8.1 billion) compared to AED 19 billion (US$ 5.2 billion) in the same period of 2023. The company's sales backlog has grown to AED 74.2 billion (US$ 20.2 billion), to be recognized as revenue in the coming years. Emaar launched two major developments, The Heights Country Club & Wellness and Grand Polo Club & Resort, spanning 141 million square feet with a combined development value of AED 96 billion (US$ 26 billion). Additionally, Emaar purchased a 60 million square foot land plot near The Oasis masterplan, valued at AED 41 billion (US$ 11 billion). In Q2 2024, the second phase of "The Valley" masterplan was launched. Emaar reported a revenue of AED 7.3 billion (US$ 2 billion) and an EBITDA of AED 3.4 billion (US$ 922 million) for the first half of 2024, marking increases of 65% and 47% respectively compared to the first half of 2023. Mohamed Alabbar, Emaar's founder, highlighted the company's resilience, strategic success, and commitment to delivering value to shareholders and contributing to Dubai's economic growth.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From EMAAR DEVELOPMENT PJSC

Disclosure: Earnings Call

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From EMAAR DEVELOPMENT PJSC

Disclosure: Financial statements for the first QTR of 2024

The text contains unaudited interim condensed consolidated financial statements for the period ending 31st March 2024, provided by Emaar Development PJSC and its subsidiaries. The document is intended for those interested in the financial performance of these companies.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From EMAAR DEVELOPMENT PJSC

Disclosure: Press release

Emaar Development reported a 50% increase in property sales in Q1 2024, reaching AED 12.9 billion (US$ 3.5 billion), compared to AED 8.6 billion (US$ 2.3 billion) in Q1 2023. The company's sales backlog increased to AED 65.7 billion (US$ 17.9 billion). Emaar Development also announced the launch of two major developments, The Heights Country Club & Wellness and Grand Polo Club & Resort, spanning over a total of 141 million square feet of land, with a combined development value of AED 96 billion (US$ 26 billion). The company's EBITDA in Q1 2024 was AED 1.7 billion (US$ 463 million), a 48% increase from Q1 2023.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From EMAAR DEVELOPMENT PJSC

Disclosure: Earnings Call

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From EMAAR DEVELOPMENT PJSC

Disclosure: Resolutions of General Assembly

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From EMAAR DEVELOPMENT PJSC

Disclosure: Integrated report for the year 2023

1. Attached Document

Page 1