By Emaar’s standards, a profit increase of 33% to Dh 7.8 billion is impressive-even by the standards of Dubai’s property powerhouse. Emaar has announced a strong performance in H1 2024 with net profit soaring by an incredible 33% to Dh 7.8bn. Over the same period last year, there was also a rise of its revenue by 17% to Dh 14.4 billion.

These are impressive figures which show the strength of Dubai’s real estate sector. This means that Emaar has been successful because it continues receiving high demand for properties in these areas due to factors such as good economy, rise in population and increased interest from foreigners.

The company got this right by focusing on large scale, community development projects which have become so effective. By creating lively living environments that attract different types of residents, Emaar has cemented its place as one of the leading developers in the region.

Mohammed Alabbar, founder of Emaar praised strategic investments made by his company as part of their contribution towards achieving these results. A bright outlook for the rest of the year can also be inferred from strong financials where a significant backlog keeps Emaar well-positioned for future growth.

Emaar is the leading developer in shaping Dubai's skyline and driving economic prosperity as Dubai rises to prominence around the globe as a prime location for property investment.