According to a report by the financial company, EFG Hermes, property prices rose for segments: Luxury – by 35.1% Affordable – by 37.2% Budget – by 15.7% Average price – 4,614$ per sqm TOP areas in price growth: 1. Jumeirah 2. MBR City 3. Palm Jumeirah
Compared to 2020: Revenue increased by 57% (up to $7.7 billion) Net profit increased by 80% (up to $1 billion) Sales inicresed by 209% (up to $9.2 billion) This is the highest ever property sales recorded by Emaar since its incorporation in 1997. Earlier, developer announced start of sales of the Bliss 2 project
Developer took a net loss of $144.6 million. In 2020, the net loss was $175.9 million. In 2021, Damac delivered 7,400 residential units at Damac Hills and Damac Hills 2 projects. Sources: The National News, Gulf News