As we have published news about Emaar acquiring Dubai Creek Habour, they have another success news as well. Emaar is a real estate development company in Dubai. Now, there net profit more than the second quarter because of their sales boost due to increased revenue. If anyone wonders how the profit will rise? This article will summarize and explain how it’s going.
This Dubai real estate developer earned more net profit than in the 2nd quarter. There are profits before interest, taxes, asset value and financial cost hike by 53 % to 2.93b AED. The company net profit. Moreover, According to the national news. Emaar has said that they have delivered strong second quarter results, while successfully carrying on the momentum built during the first quarter 2022.
SICO Bahrain, a brokerage bank, estimated Emaar would make a net profit of 1.47B AED.
Emaar reported a net profit of 1.48 billion AED in the three months ending June 30. In comparison to 1.45 billion AED in the same period last year, strong construction progress and growth in the mall business enhanced profits.
The company had delivered over 55,100 residential units by June. There are currently over 26,100 residences under construction in the UAE. During the first half, Emaar Development delivered over 3,100 residential units. Those units have a variety of locations. For instance, Dubai Hills Estate, Dubai Creek Harbour, Downtown Dubai, Emaar Beachfront, Arabian Ranches, and Emaar South.
As a result, Emaar net profit doubled its second-quarter revenue for many reasons. For investors in Dubai real estate who are seeking a nice project in Dubai. Emaar property project is one of reliable quality.
For more information about the Emaar Properties project, click on Fazwaz Real Estate website.