Emaar revenue reaches Dh24.9 billion in 2022, net profit rises 80% | Business – Gulf News
Emaar reported revenue of Dh24.9 billion in 2022, the property developer said on Tuesday, supported by the continuous strengthening of the Dubai real estate market and growth achieved by the recurring revenue businesses due to the rebound of global tourism.
EBITDA and net profit for 2022 increased by 18 per cent and 80 per cent, respectively, to Dh9.8 billion and Dh6.8 billion compared to 2021, as a result of sustained revenue, improved margins, and continued control over costs, the company said.
The group property sales in 2022 reached Dh35.1 billion, primarily driven by new project launches, while backlog of property sales reached Dh53.2 billion.
In 2022, Emaar completed the acquisition of Dubai Creek Harbour for an overall consideration of Dh7.5 billion.
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