Emaar Development PJSC (EMAARDEV)

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News

6 August 08:09 PM Emaar Development records AED 40.6bn property sales in H1-25

Dubai – Mubasher: Emaar Development sustained its strong momentum in the first half (H1) of 2025, delivering impressive results in both property sales and construction progress, according to a press release. The UAE development businesses …

Financial Results

11 May 01:58 PM Emaar Development’s revenues leap 43% in Q1-25; property sales hit AED 16.5bn

Dubai – Mubasher: Emaar Development logged property sales of AED 16.50 billion ($4.50 billion) over 12 projects in the first quarter (Q1) of 2025, an annual increase of 28% from AED 12.90 billion ($3.50 billion). The group’s positive performance …

Real estate

16 February 05:46 PM Emaar Development records highest sales in 2024; dividends unveiled

Dubai – Mubasher: Emaar Development recorded 75% year-on-year (YoY) higher property sales at AED 65.40 billion  ($17.80 billion) in 2024, compared to AED 37.40 billion ($10.20 billion). The company launched 62 projects during 2024, with revenue …

Financial Results

12 November 2024 03:14 PM Emaar Development reports AED 83.7bn sales backlog in 9M-24

Dubai – Mubasher: Emaar Development posted revenues valued at AED 12.50 billion ($3.40 billion), marking a 69% year-on-year (YoY) leap, according to the financial statements. Emaar sales backlog reached AED 83.70 billion ($22.80 billion) in 9M-24, …

Real estate

8 August 2024 03:52 PM Emaar Development’s property sales hit AED 29.7bn in H1-24

Dubai – Mubasher: Emaar Development registered a 56% increase in property sales to AED 29.70 billion ($8.10 billion) in the first half (H1) of 2024, compared to AED 19 billion ($5.20 billion) in H1-23. This performance was attributed to Emaar …

Real estate

15 May 2024 01:30 PM Emaar Development posts 50% hike in Q1-24 property sales

Dubai – Mubasher: Emaar Development achieved a 50% leap in property sales to AED 12.90 billion ($3.50 billion) in the first quarter (Q1) of 2024, versus AED 8.60 billion ($2.30 billion) in Q1-23. The real estate developer successfully launched 10 …

Financial Results

17 March 2024 00:33 PM Emaar Development’s board mulls AED 2bn dividends for 2023

Dubai – Mubasher: The board members of Emaar Development approved cash dividends valued at AED 2.08 billion for 2023, according to a bourse filing. The company will disburse a dividend of 52 fils per share, which is still subject to the approval …

Board of Directors

11 February 2024 02:42 PM Emaar Development’s property sales leap to AED 37.4bn in 2023

Dubai – Mubasher: Emaar Development posted a 22% year-on-year (YoY) surge in property sales to AED 37.40 billion ($10.20 billion) during January-December 2023, versus AED 30.70 billion ($8.40 billion). The DFM-listed firm attributed the solid …

Real estate

12 November 2023 10:24 AM Emaar Development’s property sales jump 25% in 9M-23; profits cross AED 4bn

Dubai – Mubasher: Emaar Development logged 25% higher property sales at AED 28.90 billion ($7.90 billion) in the first nine months (9M) of 2023, compared to AED 23.20 billion ($6.30 billion) in 9M-22. This solid performance is attributed to the …

Real estate

10 August 2023 03:37 PM Emaar Development posts AED 2.17bn profits in H1-23

Dubai – Mubasher: The net profits of Emaar Development declined by 1% to AED 2.17 billion during the first half (H1) of 2023, compared to AED 2.19 billion. Revenues stood at AED 4.45 billion in H1-23, lower by 39% year-on-year (YoY)than AED 7.28 …

Financial Results

15 May 2023 02:55 PM Emaar Development unveils robust growth in Q1-23 financials

Dubai – Mubasher: Emaar Development generated net profits attributable to the shareholders worth AED 1.058 billion in the first quarter (Q1) of 2023, up from AED 1.050 billion in Q1-22. The DFM-listed firm posted revenues valued at AED 2.37 …

Real estate

24 April 2023 03:58 PM Emaar Development to pay over AED 2bn as dividends for 2022

Dubai – Mubasher: The shareholders of Emaar Development approved the board’s recommendation to distribute total dividends of AED 2.08 billion, equivalent to $567 million, for 2022. The real estate firm will disburse 0.52 fils per share, with the …

General Assembly

15 February 2023 02:57 PM Emaar Development registers 17% higher profits in 2022 preliminary results

Dubai – Mubasher: Emaar Development, a 79.16%-owned subsidiary by Emaar Properties, logged net profits worth AED 3.80 billion ($1.03 billion) in 2022, up 17% from AED 3.24 billion in 2021. The revenues amounted to AED 11.54 billion last year, …

Real estate

16 November 2022 02:03 PM Emaar Development’s profits to shareholders hit AED 2.83bn in 9M-22

Dubai – Mubasher: The net profits attributable to the owners of Emaar Development reached AED 2.83 billion in the first nine months (9M) of 2022, versus AED 2.38 billion in 9M-21. Revenues amounted to AED 9.33 billion in the January-September 2022 …

Financial Results

15 May 2022 06:38 PM Emaar Development's profits up 34% in Q1-22

Dubai – Mubasher: Emaar Development has recorded net profits attributable to the owners worth AED 1.05 billion during the first quarter (Q1) of 2022, an annual leap of 34% from AED 780.89 million. During the January-March 2022 period, revenues …

Real estate

30 December 2021 10:01 AM Emaar Development's CEO resigns

Dubai – Mubasher: The CEO of Emaar Development, Bader Hareb, has resigned for personal reasons. The resignation is effective 30 December 2021, according to a bourse filing on Thursday. It is noteworthy to mention that during the first nine months …

Management Decisions

14 November 2021 04:19 PM Emaar Development's profits surge 75% in 9M

Dubai – Mubasher: The net profits attributable to the owners of Emaar Development climbed by 75% to AED 2.383 billion during the first nine months of 2021 from AED 1.358 billion in the same period of 2020, according to the company's unaudited …

Financial Results

11 August 2021 04:33 PM Emaar Development records 46% higher profits in H1-21

Dubai – Mubasher: The net profits of Emaar Development jumped by 46% to AED 1.512 billion in the January-June period of 2021, compared to AED 1.036 billion in the year-ago period. The company's revenues hiked by 61% to AED 7.755 billion in the …

Real estate

11 May 2021 11:43 AM Emaar Development profit grows 20% in Q1

Dubai – Mubasher: The net profits of Emaar Development increased by 20% year-on-year (YoY) to AED 781 million in the first quarter (Q1) of 2021, compared to AED 649 million. The company’s revenues rose by 26% to AED 3.848 billion in the …

Financial Results

17 March 2021 00:35 PM Emaar Development’s OGM considers withholding dividend distribution

Dubai – Mubasher: The shareholders of Emaar Development, a subsidiary of Emaar Properties, will consider not to distribute cash dividends. Withholding cash dividend distribution, proposed by the company’s board, will be discussed during the …

General Assembly

14 February 2021 03:25 PM Emaar Development's net profits slid to AED 1.657bn in 2020

Dubai – Mubasher: The 2020 preliminary financial results of Emaar Development decreased to AED 1.657 billion in 2020 from AED 2.7 billion in 2019. The company generated revenues of AED 9.758 billion last year, down from AED 12.746 billion in 2019, …

Financial Results

20 December 2020 09:35 AM Emaar Development names new Chairman

Dubai – Mubasher: The board of Emaar Development has elected Adnan Kazim as the company's Chairman, as the Chairman and Founder of Emaar, Mohamed Ali Alabbar, will focus on executive management matters. The board has also elected Aisha bint Butti …

Management Decisions

11 November 2020 03:48 PM Emaar Development's net profits down 34% in 9M

Dubai – Mubasher: The financial results of Emaar Development registered a 34% decrease in net profits to AED 1.359 billion in the first nine months of 2020, compared to AED 2.07 billion in the corresponding period of 2019. The company's revenues …

Real estate

13 August 2020 03:38 PM Emaar Development's net profits plunge 25% in H1-20

Dubai – Mubasher: The net profits of Emaar Development slid by 25% to AED 1.03 billion in the first six months of 2020, compared to AED 1.38 billion in the corresponding months of 2019. The company's revenues declined by 23% to AED 4.82 billion in …

Financial Results

22 June 2020 11:07 AM Emaar Malls, Emaar Development appoint new chairmen

Dubai – Mubasher: Emaar Malls and Emaar Development appointed Mohamed Al Hussaini and Mohamed Ali Alabbar, respectively, as board chairmen. Emaar Malls has elected Ahmad Thani Rashed Al Matrooshi as a vice chairman, while Jamal bin Theniyah was …

Management Decisions