Emaar Properties PJSC, a leading real estate developer based in Dubai, has demonstrated robust financial performance in recent periods.
Nine Months Ended September 30, 2024:
- Revenue: AED 23.8 billion, a 30% increase from AED 18.4 billion in the same period of 2023.
- Net Income: AED 8.5 billion, up from AED 8.2 billion in the corresponding period of the previous year.
- Share Price: 12.60
- Earnings Per Share: AED 1.35
- Earnings Yield: 10.7%
- Property Sales: Surged by 60%, reaching AED 50 billion, driven by strong demand in Dubai’s real estate market and strategic investments. Bors360
First Half of 2024:
- Revenue: AED 14.4 billion, up from AED 12.3 billion in the same period of 2023.
- Net Income: AED 5.3 billion, an increase from AED 4.9 billion a year earlier.
- Earnings Per Share: AED 0.60, compared to AED 0.56 in the prior year. Investing.com
Full Year 2023:
- Revenue: AED 26.8 billion, reflecting growth from AED 24.9 billion in 2022.
- Gross Profit: AED 16.9 billion, up from AED 12.6 billion in the previous year.
- Net Profit Attributable to Owners: AED 11.6 billion, a significant rise from AED 6.8 billion in 2022. Emaar Properties
These figures underscore Emaar Properties’ strong market position and its effective strategies in capitalizing on the growing demand within the real estate sector.