Friday 21 February 2020

Emaar profits hit $1.8bn in 2017

DUBAI, February 9, 2018

Dubai-based Emaar Properties made $1.8 billion in profit and close to $5 billion in sales in 2017, Mohamed Alabbar, chairman of the listed developer said.
The figure is an increase on the $1.43 billion profits reported in 2016. 
"We've been growing about 20 to 25 per cent on an annual basis," Alabbar was quoted as saying at a conference in Abu Dhabi by a Khaleej Times report. 
Emaar, in which the Dubai government owns a minority stake, reported a double-digit quarterly sales growth in each of the first three quarters of 2017, it said.

Tags: Emaar | profit | growth |

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