Emaar’s revenues reached 19.71 billion dirhams

37.86 billion dirhams are the revenues of the 3 largest real estate companies during 2020

The real estate sector in the UAE witnessed good growth during the year 2020, which reflects the continuation of activity in the sector, despite the slowdown in economic and commercial activities worldwide, as a result of the Corona pandemic.

The data collected for the year 2020 of the three largest Emirati companies operating in the sector show that their total revenues reached about 37.86 billion dirhams, while the value of their sales from real estate projects reached 21 billion dirhams.

According to data issued by the companies: “Emaar”, “Emaar Development” and “Al Dar”, its net profits reached 6.2 billion dirhams during 2020, and some of them announced generous cash dividends to shareholders.

In light of the good financial performance achieved by these companies during the past year, this contributed to an increase in the demand of local and foreign investors to invest in their shares listed in the financial markets, which recorded good increases since the beginning of the year 2021. The total revenues of Emaar Properties during Last year, 19.71 billion dirhams, while net profits reached 2.617 billion dirhams.

The value of its real estate sales from the projects it has implemented increased to approximately 10.9 billion dirhams.

Regarding the financial performance of the company, the total revenues of Al Dar in 2020 amounted to about 8.4 billion dirhams, while its net profits reached 1.93 billion dirhams, and the value of its sales reached about 3.6 billion dirhams.

In turn, the total revenues of Emaar Development Company reached about 9.76 billion dirhams, and the net profit of 1.66 billion dirhams, at a time when its real estate sales recorded 6.3 billion dirhams.

It is expected that these companies will maintain good proportions in their work during the coming period, especially in light of the huge package of projects they are currently implementing or contracting to implement at a later time, whose value exceeds 100 billion dirhams.

- Emaar Development's revenues amounted to AED 9.76 billion.

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