In Q1 2023, Emaar Properties in Dubai, the majority owner of Emaar Development, reported a robust increase of 26% in property sales, totaling Dh8.603 billion, compared to Q1 2022. Emaar Development’s profitable property launches drove this success, resulting in a strong revenue pipeline and consistent advancement toward the company’s strategic goals to continuously maintain a reputation as a reliable and prominent developer.

During the first quarter of 2023, Emaar Development successfully launched seven projects, including Anya in Arabian Ranches III, Cedar and Savanna in Dubai Creek Harbour, Palace Residence North, and Elora in The Valley. In Q1 2023, Emaar Development reported an EBITDA of Dh1.140 billion and a net profit of Dh1.058 billion, consistent with Q1 2022. Thanks to its impressive growth, Emaar now has a sales backlog of Dh45.680 billion, which will turn into revenue in the coming years.

Dubai Creek Harbour by Emaar was also one of the top 4 areas with the highest transactions in terms of volume in Q1 2023, according to Dubai Land Department.

Appropriately Positioned to Deliver Constant Growth – Emaar Dubai in Q1 2023

Reporting the strong sales figures, His Excellency Mohamed Alabbar, also had a few words to deliver. The founder of Emaar stated, “Emaar Development’s sales execution capabilities and improving operational efficiencies continue to drive good first-quarter financial results in 2023. Our backlog demonstrates a healthy market demand across our key markets, and we remain appropriately positioned to deliver constant growth and sustained value for our shareholders.”

Dubai is still a worldwide leader in the business sectors of commerce, financial services, logistics, travel, and hospitality. Its expanding industries, such as technology, renewable energy, healthcare, and education, help the city maintain its position. Emaar Development’s successful sales in Q1 2023 indicate that the area remains attractive to educated professionals and investment due to its steady growth potential.

#1 Dubai Developer: Emaar Properties Has Delivered Numerous Projects Over the Years

In Q1 2023, Emaar Development built nearly 1,600 high-end residential units in Dubai Hills Estate, Dubai Creek Harbour, Downtown Dubai, Emaar Beachfront, Arabian Ranches, and Emaar South. As of March 2023, Emaar had delivered over 59,500 residential units, with more than 28,500 homes still under construction in the UAE.

Emaar is the most renowned developer in Dubai – they’re the biggest and the best! They have a proven track record of delivering 81,600 units to thousands of happy families as well as investors since 2002 in their master communities such as Downtown Dubai, Dubai Marina, Arabian Ranches I, II, and III, and many more!

Would you like to make an investment in Emaar’s villas, apartments, mansions, and townhouses for sale in Dubai?

We have assisted multiple people to invest, if you also wish to make one, we’re here to help you.

Hamptons International is an award-winning firm functioning in all major freehold communities in Dubai, offering a wide property portfolio to choose your dream home from. From the best vicinity for your children to a corporate office that’s strategically located to offer the utmost convenience, we boast a huge selection. Get in touch, we’d be delighted to assist you!

To know more, dial 800 HAMPTONS (42678667).

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Sources: Emirates News Agency – WAM