Page 28 - Emaar Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Abu Dhabi and Dubai stocks hit a pause in early trades on Monday after scaling highs in recent days, with investors awaiting a flood of earning announcements before markets close for Eid. And retail investors will be tempted to sell some of their positions to finance their Eid celebrations. Abu Dhabi Securities Exchange dropped 0.3 per cent to 6,202 points, heading towards its second decline out of the last seven sessions, with the number of stocks sliding and climbing nearly equal in numbers. But the weakness in more heavyweight shares tipped the index balance down. Merger plan Arkan B...

Dubai: Further proof of a gradual recovery in Dubai property sales is now in evidence – Emaar Development had “one of its highest quarterly sales” during the first three months of this year. Property sales in the emirate doubled to Dh5.88 billion from Dh2.85 billion, while net profit came to Dh781 million, which is up 20 per cent. “Our commitment to project delivery, cashflow generation and future project developments have underlined our health sales results for Q1-2021,” said Mohammed Alabbar, founder of Emaar Properties and Emaar Development, in a statement. “What sets us apart ...

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SHARE Dubai's biggest listed property developer Emaar Properties reported an 8 per cent jump in first quarter net profit as it recorded a double-digit revenue increase. Net profit grew to Dh657 million ($179m) as revenue rose 12 per cent year-on-year to nearly Dh6 billion, the company said in a statement to the Dubai Financial Market, where its shares trade. "As one of the most dynamic and growing markets in the world, Dubai's property market resilience is a testament to its commitment to become one of the world's best cities," Mohamed Alabbar, founder and managing director of Emaar Propertie...

Emaar Properties’ Q1 net profit rises to Dh657m issacjohn@khaleejtimes.com Filed on May 10, 2021 Emaar’s Q1 2021 revenue stood at Dh5.993 billion, an increase of 12 per cent compared to Q1 2020 revenue of Dh5.328 billion. The developer said on Monday that it achieved a significant 83 per cent increase in sales to Dh7.115 billion Emaar Properties recorded an 8.0 per cent growth in net profit to Dh657 million for the first quarter 2021 compared to the net profit of Dh609 million during the same period in 2020. The developer said on Monday that it achieved a significant 83 per ce...