Dubai – Mubasher: International operations across foreign markets currently contribute about 20% of Emaar Properties’ total revenue, a spokesperson for Emaar said Thursday.

Over the past five years, the value of Emaar’s sales in the different foreign markets reached AED 9.25 billion until the end of March 2017, the spokesperson told Al-Ittihad newspaper.

The Emirati real estate developer achieved real estate sales of AED 3.9 billion in 2016.

Emaar has a number of real estate projects to be implemented in its main foreign markets, namely: Egypt, Saudi Arabia, Lebanon, Pakistan, and India, the spokesperson highlighted.

The fair value (FV) of Emaar’s real estate assets in international markets outside the UAE amounted to AED 25.35 billion in the end of 2016.

Assets are distributed as AED 6 billion in Egypt, AED 11 billion in India, AED 1.2 billion in Saudi Arabia, AED 2 billion in Pakistan, AED 678 million in the US and Canada, and AED 653 million in Morocco.