Emaar Properties generates US$ 1.8 bn in profit

Posted on 9th February 2018

Emaar Properties generates US$ 1.8 bn in profit
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According to *Tradearabia news report, Dubai-based Emaar Properties made $1.8 billion in profit and close to $5 billion in sales in 2017, Mohamed Alabbar, chairman of the listed developer said. 

The figure is an increase on the $1.43 billion profits reported in 2016. 
 
"We've been growing about 20 to 25 percent on an annual basis," Alabbar was quoted as saying by a Khaleej Times report at a conference in Abu Dhabi. 
 
Emaar, in which the Dubai government owns a minority stake, reported double-digit quarterly sales growth in each of the first three quarters of 2017, it said.

*News source: http://tradearabia.com/news/CO...

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