Live Breaking News & Updates on Khaleej Times Developer Emaar Properties

(MENAFN - Khaleej Times) Developer Emaar Properties reported on Sunday a nearly 58 per cent drop in net profit to Dh2.6 billion in 2020 as against a profit of Dh6.2 billion in 2019, and said it saw a world of opportunities in 2021.
The developer of Burj Khalifa, the world s tallest structure, said in a statement that its revenues plunged 20 per cent in 2020 to Dh19.71 billion from Dh24.59 billion a year earlier.
Emaar s overall property sales during 2020 stood at Dh10.9 billion, of which Dh6.3 billion was recorded in the UAE. The performance shows sustained interest from investors, both domestic and foreign, it said.
The master developer s sales backlog stood at Dh36.7 billion, of which Dh24.7 billion comprises of the backlog in the UAE, which would be recognised as revenue in the coming years. ....

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