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One of the leaders of the real estate market, known for its focus on premium real estate, earned $9.1 billion, thereby increasing annual sales revenue by 209%.
In 2020, Emaar's real estate revenues amounted to $ 2.9 billion. A year later, the company reported sales of $9.1 billion. This is the highest figure since the company was founded in 1997.
Villa rally in 2021 and the high overall demand for luxury property played into the hands of the company. It has always been famous for its dominant position in the high-price segment.
The company also reported high revenues from shopping malls, retail, and hotel business.
The company's net profit in 2021 amounted to $1.03 billion, which is an increase of 80% compared to 2020.
Since 2002, Emaar Properties has sold over 81,600 properties on the domestic and international markets. The company is building 24,500 properties in the UAE and 10,700 ones abroad.
