Emaar’s Sales Surge 60%; Backlog Exceeds AED 100B

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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