The $9.7 billion valued real estate development company Emaar Properties has recently released their 9-month statistics revealing revenues of Dh5.186 billion.
Emaar is listed on the Dubai Financial Market and generated their impressive revenue from shopping malls, leisure businesses and hospitality.
Mohamed Alabbar, Chairman of Emaar Properties, said:
“Our commitment to our customers and stakeholders is to create continued value, which reflects in the strong performance of our core businesses. We focus on continuously evolving our businesses to meet the aspirations of today’s customers. By investing in digital technology and by innovating new lifestyle environments, we are creating assets that shape the future,”
Another segment of the companies ‘build-to-sale’ business model recorded revenue of Dh10,033 billion, accounting for 58 per cent of the total revenue; this is an impressive increase of 54 per cent compared to last year within the same period of nine months.
The company said in a statement:
“One of the largest mall operators in the world with a total gross leasable area of 6.7 million square foot, Emaar Mall’s assets have occupancy levels of 93 per cent and welcomed 99 million visitors during the first nine months of 2018,”