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FinancialNews


  • 10-02-18

    UAE: Emaar Properties record USD1.8bn profit in 2017

    (MENAFN) Emaar Properties was revealed to have witnessed a good year in 2017 as a profit of $1.8 billion was earned, with about $5 billion in sales.

    However, in 2016, the developer has earned $1.43 billion, with $3.92 recorded in sales.

    During a conference, Chairman Mohamed Alabbar confirmed "we've been growing about 20 to 25 percent on an annual basis."

    The developer was also revealed to have recorded last year throughout the first three quarters double digit quarterly sales growth.

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