Emaar Properties has celebrated its outstanding performance during the first six months of 2024. During its mid-year internal staff rally, Emaar presented significant milestones and achievements across all areas of its operations.
“Our performance in H1 2024 shows Emaar’s relentless pursuit of excellence and innovation,” said Mohamed Alabbar. “We are not just managing businesses; we are shaping legacies and transforming communities for a prosperous future.”
Emaar Development reported the completion of 30 launches, resulting in the sale of 8,400 units within the first six months, representing 56% growth. Significant projects included Address Residences Zabeel and Palace Residences Dubai Hills Estate, which sold 2,500 units each in just seven days, highlighting Emaar’s strong market presence and appeal.
The company also awarded 50 construction contracts worth Dh8.7 billion.
Meanwhile, Emaar’s malls continued to thrive, with Dubai Mall being recognised as the most visited place on Earth in 2023 with 105 million visitors. In H1 2024, the mall recorded an 8% increase in footfall as compared to the same period in 2023.
Internationally, Emaar marked significant achievements with the 100% sale of Urban Oasis in Gurgaon during its launch and substantial progress in Panorama and The Views in Karachi.
The company has not yet made its financial results publicly available. In 2023, Emaar recorded revenues of Dh26.7 billion, up 7% compared to the previous year.