Dubai – Mubasher: The robust performance of Emaar Properties highlights the success of its strategy to develop exceptional real estate assets in its home market of Dubai and other key international markets with a focus on ensuring the highest standards of build quality and service excellence, said Chairman Mohamed Alabbar.

"Our commitment is to create long-term value for our stakeholders and the strong recurring revenue streams and international operations position us as a well-diversified entity with strong financial fundamentals. With Dubai now welcoming the festive season that further energises the tourism and hospitality sectors, we are confident of closing the year on a robust and positive note,” he added.

The Dubai-based property developer reported a 16% growth in profits to AED 3.05 billion ($830 million) in the first nine months of 2015, compared to AED 2.62 billion ($714 million) in the same period of 2014, according to a bourse filing posted Sunday.

Profits reached AED 843 million in the third quarter of 2015, a rise of 31% from AED 645 million in the corresponding period of 2014. 
Emaar 's international operations recorded robust growth with revenues from global operations during the first nine months of 2015 at AED 1.734 billion ($ 472 million), which is 18 % of the total revenue. This is 21 % more than the revenues from international operations during the same period last year.

"In Dubai, our operations are aligned with the Dubai Plan 2021 vision outlined by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President & Prime Minister and Ruler of Dubai, to build a smart and sustainable city that will the preferred place to work, live and visit. Our projects, including joint venture initiatives, create smart cities of the future that also support the ongoing preparations to host Expo 2020 Dubai, which serves as a growth catalyst for the economy,” said Alabbar.