Abu Dhabi National Energy Company (Taqa), announced on Thursday its earnings for the second quarter of 2020. The company’s revenues reached Dhs3.3 billion for the quarter, reflecting the COVID-19 pandemic ongoing adverse impact on energy markets.
Emaar Malls reported revenue of Dhs1.657 billion ($ 451 million) in the first half of 2020. With a first-half net profit of Dhs345 million ($ 94 million) the result demonstrates the resilience of the business.
The National Central Cooling Company, Tabreed, has acquired an 80 per cent stake in Emaar Properties’ Downton Dubai district cooling business. The UAE-based district cooling developer announced the Dhs2.48 billion ($675 million) acquisition on Monday,
Emaar Development, the UAE build-to-sell property development business majority-owned by Emaar Properties has recorded an impressive growth in the sale of its residential property launches in Dubai to Dhs9.350 billion ($2.546 billion),
The fourth Annual General Meeting (AGM) of Emaar Malls, approved the distribution of Dhs1.301 billion ($354 million) dividend, representing 10 per cent of the share capital being 10 fils per share, to the shareholders.
Emaar Hospitality Group, the hospitality and leisure business of Emaar Properties PJSC, has partnered with Claviger, the region’s leading sales representation group, to promote the sales of hotel rooms across the GCC region.
The top three transactions were a land in Island 2 sold for Dhs34 million, followed by a land that was sold for Dhs26.5 million in Al Thanayah Fourth, and a land sold for Dhs34 million in Island 2 in third place.
Emaar Malls, the shopping malls and retail business that’s majority-owned by Emaar Properties recorded revenue of Dhs3.508 billion ($955 million) in 2020. Overall net profit in 2020 amounted to Dhs704 million (US$ 192 million).
Emaar Development , the UAE build-to-sell property development business majority-owned by Emaar Properties, reported on Thursday the financial results for the nine-month ending 30th September 2019.