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AED 1.13 billion net profit of Emaar Properties in the first half

2019-07-31T11:12:33.383Z

Emaar Properties, which owns Emaar Properties, has announced a 3% growth in net profit for the first six months of 2019 to reach AED 1.13 billion, compared to AED 1.102 billion for the same period in 2018. Emaar Malls achieved the first half of the year




Emaar Properties, which owns Emaar Properties, has announced a 3% growth in net profit for the first six months of 2019 to reach AED 1.13 billion, compared to AED 1.102 billion for the same period in 2018. In the first half of this year, Emaar Properties recorded revenues of AED 2.227 billion, a 6% growth over the first half of 2018, which reached AED 2.103 billion.
In the second quarter of 2011, Emaar Malls achieved revenues of AED 1.152 billion, an increase of 8 per cent compared to AED 1.065 billion in the second quarter of 2018 and a growth of 7 per cent compared to AED 1.075 billion for the first quarter of 2019. .
As part of its commitment to achieve sustainable shareholder value, Emaar Malls distributed cash dividend of AED 1.301 billion, equivalent to 10% of the company's capital, for the fourth year in a row and during the second quarter.
Emaar Malls, which includes the Dubai Mall, the Dubai Marina Mall, the Gold and Diamond Complex, Souk Al Bahar and malls within residential complexes, attracted a significant number of visitors, reaching 68 million visitors In the first six months of 2019, a 2% increase over the same period last year of 67 million.
The Dubai Mall, the world's most popular shopping and entertainment destination, attracted 41 million visitors in the first half of 2019, a 2% growth over the same period last year. The company maintained a strong occupancy rate for all its assets, at 92 percent in the first half of 2019.

Emaar Motors' Chairman and Board Member, Mohammed Alabbar, said: "Emaar Malls has always been focused on enriching the customer experience, which has resulted in the company's sustained growth both in shopping malls and on the Internet. Through the company (Nimchi), which we have acquired completely. We continue to work out of Omni Channel's overall shopping strategy to ensure an exceptional shopping experience for all our customers. The company's positive performance reflects the unique position of our assets as a popular shopping and entertainment destination for all. It also reflects the strong growth in the number of tourists coming to Dubai, which has established itself as a world-class hub for tourism and business. "

Source: emara

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