In 2023, Emaar Development achieved a remarkable 74% increase in profits, reaching $1.8 billion.

Emaar Development PJSC, a leading property developer in the UAE specializing in build-to-sell property development and a subsidiary of Emaar Properties PJSC, experienced a significant 74 percent rise in annual profits to reach US$1.8 billion (Dh6.6 billion) in 2023. The company achieved property sales totaling US$10.2 billion (Dh37.4 billion), marking a 22 percent increase over the previous year. Additionally, Emaar Development saw an 89 percent increase in Earnings Before Interest, Taxation, Debt, and Amortization (EBITDA) to US$2.2 billion (Dh8 billion). With a sales backlog of US$15.5 billion (Dh57.1 billion), the company anticipates recognizing this revenue in the forthcoming years.

ArabMLS Founder

Ahmed Elbatrawy, who leads the Arab MLS platform, aims to simplify property transactions in the Middle East, paving the way for unprecedented global investment opportunities.

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