Latest Threads

Gulf Navigation Holding PJSC has released its preliminary unaudited results for the year ending December 31, 2024. The company was established on November 6, 2006, and has a paid-up, subscribed, and authorized capital of AED 837,695,625. The Chairman of the Board is H.H. Sheikh Theyab Bin Tahnoon Bin Mohammad Al Nahyan. The external auditor for the company is Grant Thornton Audit and Accounting Limited Corporation (BVI). The company's mailing address is 39th Floor API Trio Tower, Al Barsha 1, P.O. Box 49651, Dubai, UAE, with contact details including a telephone number of +971 4 4270104, a fax number of +971 4 4270103, and an email address at info@gulfnav.com.

The text refers to the consolidated financial statements of Emaar Properties PJSC and its subsidiaries as of December 31, 2024.

Emaar Development achieved record-breaking sales, revenue, and profit in 2024. Property sales increased by 75% to AED 65 billion (US$ 18 billion), and the revenue backlog reached AED 91 billion (US$ 25 billion). Revenue grew by 61% to AED 19.1 billion (US$ 5.2 billion), and EBITDA rose to AED 9.4 billion (US$ 2.6 billion), reflecting a 49% margin. Net profit before tax increased by 20% to AED 10.2 billion (US$ 2.8 billion), with a net margin of 53%. The company launched 62 projects, enhancing its market position and future growth prospects. Emaar Development also proposed a 68% dividend increase, acquired 141 million square feet of development land, and focused on customer satisfaction by repairing homes affected by rain. Additionally, the company emphasized nurturing young UAE talent for future leadership roles.

Emaar Development PJSC and its subsidiaries have released their consolidated financial statements for the year ending December 31, 2024.