What To Know
- Emaar launched “Lavita” at The Oasis, its first community of luxury mansions during the third quarter of 2024.
- “Our strategy is centered on adding sustainable value for both our customers and shareholders, driving growth that aligns with Dubai’s ambitions,” said Mohamed Alabbar, founder of Emaar Development.
- Emaar development’s high sales in the first nine months of 2024 reflect the region’s demand to accommodate this population while sustaining high levels of investment and economic uplift.
Emaar Properties is a UAE development company, which saw sales of AED48bn ($13.1bn) during the first nine months of 2024, compared to AED 28.9bn ($7.9bn) for the same period in 2023. They launched 50 successful projects across all the master plans during the first nine months of 2024. Further, it underscores Emaar’s market leadership and positions the company for sustained future growth.
Sales Of Emaar Development Real Estate
Emaar launched “Lavita” at The Oasis, its first community of luxury mansions during the third quarter of 2024. Created within a waterfront landscape, this collection features 43 six- and seven-bedroom apartments. Each mansion creates one of four architectural styles decorated to the unique character of its residents. Oasis is a part of a 100-million-square-foot master-planned community. Lavita is aligned with wellness centers, boutique shops, and walking trails, with energy-efficient systems and eco-friendly materials.
From January to September 2024, Emaar Development got a revenue of AED12.5bn ($3.4bn) and an EBITDA of AED6bn ($1.6bn), 69 percent and 35 percent higher than the first nine months of 2023.
“Our performance this quarter reflects the confidence and trust that our customers place in Emaar’s vision. By continuing to innovate and stay ahead of market trends, we create experiences that resonate with evolving lifestyles.
“Our strategy is centered on adding sustainable value for both our customers and shareholders, driving growth that aligns with Dubai’s ambitions,” said Mohamed Alabbar, founder of Emaar Development.
Nowadays, Dubai’s rapid population growth has changed its position as a global point for trade, financial services, logistics, travel, and hospitality. The population of Dubai city is nearing 3.8m and continuing to rise. So, the demand for housing, infrastructure, and services is expanding incredibly. Emaar development’s high sales in the first nine months of 2024 reflect the region’s demand to accommodate this population while sustaining high levels of investment and economic uplift.
