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8/9/24, 10:16 AM Emaar's First-Half Profit Jumps 33% To Dh7.8B

Emaar's First-Half Profit Jumps 33% To Dh7.8B

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8/8/2024 3:33:16 PM

(MENAFN- Khaleej Times) Emaar Properties announced on Thursday a total first-half

revenue of Dh14.4 billion and a net profit before tax of Dh7.8 billion, recording a growth of 17
per cent and 33 per cent respectively over the same period last year.

The improved performance was driven by sustained investors' confidence and robust

demand, showcasing consistent resilient performance and operational efficiency across
various businesses, Emaar said in a statement.

The developer outperformed its Q1 2024 group property sales in Q2 2024 resulting in

achieving record group property sales in H1 2024 of Dh31.5 billion, a 56 per cent growth
compared to H1 2023.“This robust momentum in property sales further expanded Emaar's

revenue backlog from property sales, which reached Dh 90.1 billion as at the end of June
2024, up 43 per cent from June 2023 and 15 per cent from March 2024. This backlog

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