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  • 09-11-21

    Emaar Malls’ next revenue soars 86 percent

    (MENAFN) The entity of Dubai’s largest registered developer, Emaar Properties, Emaar Malls recorded an 86 per cent rise in the period of July-September net revenue due to higher income as Dubai's retail industry continued to profit from an economic recovery.

    The firm reported in a statement to the Dubai Financial Market, where its stocks are traded, that net profit for the mentioned period increased to Dh448 million (USD122m).

    The revenue for the previous time span increased by 36 per cent to Dh1.14 billion (about USD 310.3)

    The company stated, Emaar Malls' e-commerce platform Namshi registered sales value Dh320m over the same period of time.

    UAE’s gross domestic product is predicted to rise by 3.4 per cent next year.

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