{"id":2930,"date":"2018-02-14T11:10:04","date_gmt":"2018-02-14T11:10:04","guid":{"rendered":"http:\/\/middleeastevents.com\/blog\/?p=2930"},"modified":"2018-02-14T11:10:04","modified_gmt":"2018-02-14T11:10:04","slug":"emaar-properties-records-upsurge-in-dubai-property-sales-by-25-to-aed-18-03-billion-us-4-91-billion-in-fy-2017-net-operating-profit-increases-by-16-to-aed-5-70-billion-us-1-55-billion","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/emaar-properties-records-upsurge-in-dubai-property-sales-by-25-to-aed-18-03-billion-us-4-91-billion-in-fy-2017-net-operating-profit-increases-by-16-to-aed-5-70-billion-us-1-55-billion\/","title":{"rendered":"Emaar Properties Records Upsurge In Dubai Property Sales By 25% to AED 18.03 Billion (US$ 4.91 billion) In FY 2017; Net Operating Profit Increases By 16% To AED 5.70 Billion (US$ 1.55 Billion)"},"content":{"rendered":"<p>Emaar Properties PJSC (DFM: EMAAR) recorded a net operating profit of AED 5.704 billion (US$ 1.553 billion) during full-year (January to December) 2017, a growth of 16 per cent over the FY 2016 net operating profit of AED 4.917 billion (US$ 1.339 billion). Total revenue for FY 2017 increased by 21 per cent to AED 18.812 billion (US$ 5.122 billion), over FY 2016 revenue of AED 15.540 billion (US$ 4.231 billion).<\/p>\n<p>In 2017, Emaar successfully listed its UAE build-to-sell property development business, Emaar Development, by selling its 20 per cent stake through IPO and raised AED 4.824 billion (US$ 1.313 billion) and also announced AED 4 billion (US$ 1.089 billion) of exceptional dividend from the proceeds of the IPO.<\/p>\n<p>Emaar Development (DFM: EMAARDEV), majority-owned by Emaar Properties, reported total revenue of AED 8.863 billion (US$ 2.413 billion), a growth of 28 per cent compared to AED 6.899 billion (US$ 1.878 billion) in FY 2016. The Company also achieved record sales of AED 18.03 billion (US$ 4.91 billion) in FY 2017, an increase of 25 per cent over FY 2016 sales of AED 14.4 billion (US$ 3.92 billion). Emaar Development now has a sales backlog of around AED 41 billion (US$ 11 billion) as of December 31, 2017, highlighting the robust fundamentals of the company with more than 24,000 residential units to be delivered over the coming years.<\/p>\n<p>Underpinning the success of Emaar\u2019s business segmentation, its shopping malls, hospitality and leisure and entertainment businesses together accounted revenue of AED 6.351 billion (US$ 1.729 billion) representing 34 per cent of the total revenue of FY 2017, 6 per cent higher than FY 2016 revenue of AED 5.976 billion (US$ 1.627 billion).<\/p>\n<p>Revenue from Emaar\u2019s international development operations was AED 3.603 billion (US$ 981 million) during FY 2017, a growth of 35 per cent over FY 2016 revenue of AED 2.665 billion (US$ 726 million); global operations now account for 19 per cent of Emaar\u2019s total revenue.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2931 size-full\" src=\"http:\/\/middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Downtown-Dubai-by-Emaar-Properties.jpg\" alt=\"\" width=\"1741\" height=\"1380\" srcset=\"https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Downtown-Dubai-by-Emaar-Properties.jpg 1741w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Downtown-Dubai-by-Emaar-Properties-300x238.jpg 300w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Downtown-Dubai-by-Emaar-Properties-768x609.jpg 768w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2018\/02\/Downtown-Dubai-by-Emaar-Properties-1024x812.jpg 1024w\" sizes=\"auto, (max-width: 1741px) 100vw, 1741px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Emaar Properties PJSC (DFM: EMAAR) recorded a net operating profit of AED 5.704 billion (US$ 1.553 billion) during full-year (January to December) 2017, a growth of 16 per cent over the FY 2016 net operating profit of AED 4.917 billion (US$ 1.339 billion). Total revenue for FY 2017 increased by 21 per cent to AED [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/2930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=2930"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/2930\/revisions"}],"predecessor-version":[{"id":2932,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/2930\/revisions\/2932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/2931"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=2930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=2930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=2930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}