Emaar Development has recorded a 43% increase

Emaar Development has recorded a 43% increase

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  • Emaar Development has recorded a 43% increase in net profit

Emaar Development has recorded a 43% increase in net profit to $1.1 billion

– During the 9 months of 2023.

Compared to the same period in 2022:

  • Property Sales rose by 25% – Up to $7.9 billion
  • New Projects Launched – 20
  • Residential Units Delivered – Over 66,000

In October, the developer announced the start of sales of:

  • Apartments in Club Drive
  • Villas in Alana, The Valley
  • Apartments and Townhouses in Parkside Views

Hotels in Dubai are already 75% booked ahead of New Year's Eve.

The hotels in the city anticipate full occupancy, reaching 100%, during the end of December 2023.

The higher demand and advance reservations enable the hotel owners to raise room rates by 20% over the same period in 2022.

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