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  • 15-11-21

    Emaar Properties net profit reaches USD277m in July-September period

    (MENAFN) Emaar Properties, Dubai’s biggest property developer, stated that its net profit increased to the double in July-September period owing to robust real estate sales.

    The property developer reported in a statement to the Dubai Financial Market, where its stocks are traded, net profit for the mentioned period jumped to Dh1.02 billion (USD277 million), in comparison to a net profit of Dh359m (about USD 97m7m) in the corresponding period in 2020.

    Profit jumped 65 per cent to Dh6.8bn (about USD1.85b) in the previously mentioned period of this present year, up from Dh4.13bn (about USD1.12) a year ago.

    Based on a statement, the developer recorded a doubled rise in real estate sales to reach Dh26.15bn (about USD 7.1) in the first three quarters of this year compared with the same time span in 2020, operated by its UAE development business and completed by its international processes.

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