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Emaar Properties, one of Dubai's most prominent real estate developers, recorded a notable increase in net profit during the first half of the year, supported by a sharp surge in property sales and a significantly expanded project backlog. The firm continues to benefit from the strength of Dubai's residential market, which remains resilient due to consistent demand from both international investors and regional end-users. Emaar's diverse operations across hospitality, retail, and overseas markets further contribute to its sustained performance.
Emaar Properties, the flagship developer behind several of Dubai's iconic projects, reported earlier this week that its net profit for the first six months had witnessed a substantial year-on-year rise. The company's net earnings reached 7.08 billion dirhams, representing a 33 percent increase compared to the corresponding period last year. This growth has largely been attributed to robust demand in Dubai's residential sector, where property sales have continued to surge, reflecting investor confidence and sustained interest in premium developments. Advertisement
According to the developer, group property sales climbed by 50 percent to 25.15 billion dirhams, underlining the continued strength of Dubai's property market. The company also stated that it had achieved a revenue backlog of 78.3 billion dirhams across its domestic and international projects, an increase of 60 percent year-on-year. This backlog represents the total value of properties sold but not yet recognised as revenue, and is expected to provide stable income in the upcoming quarters.
Analysts have noted that the performance aligns with broader market trends, where demand for real estate remains elevated due to population growth, long-term visa incentives, and Dubai's appeal as a global investment hub. Emaar's diversified business model-spanning property development, retail centres, hospitality, and international ventures-has helped it maintain resilience against external market pressures. The company's focus on master-planned communities and integrated developments has also played a key role in attracting both local and foreign buyers.
With Dubai's real estate sector continuing to benefit from favourable macroeconomic conditions and investor sentiment, Emaar appears well-placed to capitalise on future growth opportunities.
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