Page 327 - SALIK PR REPORT AUGUST 2024

8/9/24, 10:16 AM Emaar's First-Half Profit Jumps 33% To Dh7.8B
With a continued uptrend in real estate sales, the backlog of Emaar from property sales in the
UAE has reached Dh 82.3 billion, 33 per cent higher than December 2023, which will be

recognised as revenue in the coming years.

Malls and commercial leasing operations of Emaar reported revenue of Dh2.8 billion and
achieved an EBITDA of Dh 2.3 billion in H1 2024. During the first half of 2024, retail sales

performance of our tenants has also witnessed growth of over 7.0 per cent compared to the
same period last year. Emaar Malls prime assets boast occupancy of nearly 99 per cent as of

30 June 2024.

In June 2024, Emaar Malls announced Dh1.5 billion investment to expand Dubai Mall, which
achieved a milestone in 2023, becoming the most visited place on Earth with 105 million

visitors. The expansion will add 240 new shops and is expected to attract more visitors and
will feature a variety of new international and local luxury retail and F&B options. Additionally,

Dubai Mall, in collaboration with Salik, has introduced a paid parking system designed to
enhance the guest experience

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