Emaar Malls Profit Up 2.5% in 2019, Revenue Rose 5%

Emaar Malls Profit Up 2.5% in 2019, Revenue Rose 5%

The company revealed in a press statement that overall net profit in 2019 amounted to AED2.286 billion ($622 million), similar to net profit for 2018 of AED2.230 billion ($607 million).. During 2019, the wholly owned subsidiary of Emaar Malls recorded sales of AED1.028 billion ($280 million) increasing 21 percent compared to the previous year.. Occupancy levels within Emaar Malls assets - Dubai Mall , Dubai Marina Mall, Gold & Diamond Park, Souk Al Bahar and the Community Retail Centres - was consistent at 92 percent.. In 2019, there were approximately 136 million visitors collectively with Dubai Mall maintaining its exceptional performance welcoming 84 million visitors in 2019..