Emaar Properties Set Record for Real Estate Sales of $9.5 Billion
According to Emaar Properties, the introduction of new projects was largely to blame for the 35.1 billion dirham ($9.5 billion) total in group property sales in 2022.
In addition to continued growth in profitability and property sales, the multinational Emirati real estate development business forecast enhanced performance from its recurring income activities in 2022.
Emaar has a backlog of property transactions totaling 53.2 billion dirhams that will be recognised as revenue in the ensuing years.
Emaar recorded revenue of 24.9 billion dirhams in 2022, which was enhanced by the continuing development of the industries that provide recurring revenue as a result of the improvement in global tourism.
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