Emaar Properties PJSC (DFM: EMAAR) reported strong financial results for the first nine months of 2024, with total revenues of AED 23.8 billion and a net profit before tax of AED 12.4 billion, driven by robust demand in Dubai’s real estate market and consistent project execution. Emaar’s property sales reached AED 50 billion, with a revenue backlog of over AED 100 billion, while its international operations contributed 7% of total revenue. Additionally, Emaar’s hospitality, leisure, and entertainment divisions saw a 7% revenue growth, supported by the tourism industry and domestic spending.
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Dubai Harbour’s New Premier Dining Spot Launched
Shamal, a Dubai-based investment firm, is constructing The Anchor, a premium dining destination in Dubai Harbour spanning over 110,000 sq. ft. The development will house a variety of restaurants over four floors with enclosed terraces, a rooftop with a cantilevered swimming pool, and access to Dubai Harbour's marinas with over 700 berths for boats. Positioned as the heart of Dubai Harbour's food and beverage scene, The Anchor aims to offer a luxury seafront experience for...
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