Following a strong increase in sales and rising income, Emaar Properties, the largest listed developer in Dubai, saw a 34% yearly increase in first-half net profit. The firm informed the Dubai Financial Market, where its shares are listed, on Wednesday that its net profit from January to the end of June increased to Dh10.4 billion ($2.8 billion).
Due to strong performance in development, retail, hotel, and foreign activities, revenue rose 38% year over year to Dh19.8 billion, according to Emaar. A crucial indicator of profitability, profit before interest, taxes, depreciation, and amortization, increased by 30% to Dh10.4 billion.
Emaar’s founder, Mohamed Alabbar, stated: “Numbers don’t tell the whole story.” Every initiative, every transaction, and every community has a purpose. One team wants to know how they can improve. How can we add significance to someone’s daily life? That attitude is seen in the first half of 2025.
Dubai’s real estate firms have continued to develop rapidly since recovering from the setback brought on by COVID-19. Foreign investment flows into the emirate’s real estate sector have increased recently due to government initiatives including the extension of the 10-year Golden Visa program and residency permits for distant workers and retirees.
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