Dubai-based global developer Emaar will jointly implement with Beijing Daxing International Airport an Dhs40.5 billion (US$11 billion) project including the five square kilometre land area of the 50 sq. km airport.
Dubai: Emaar on Wednesday announced the launch of Ease by Emaar - a streamlined short-term rental concept that provides global travellers exceptional stays in elegant homes
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 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).
In a statement, Emaar said its profit declined 48% from January- September. Nine-month revenue slumped 26% to 13.4 billion dirhams.
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.
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.
The Abu Dhabi Crown Prince was accompanied by Mohamed Alabbar, Chairman of Emaar Properties.