Emaar Malls sees AED 2.286bn net profits in 2019

Emaar Malls sees AED 2.286bn net profits in 2019

Dubai - Mubasher: The net profits of Emaar Malls , owned by Emaar Properties , increased to AED 2.286 billion ($622 million) in 2019 from AED 2.230 billion ($607 million) in 2018, according to Emaar Malls' preliminary financial results for 2019.. During the fourth quarter of 2019, Emaar Malls saw a 4% increase in revenues to AED 1.261 billion ($343 million), compared to the same period in 2018.. The occupancy rates of Emaar Malls' assets, The Dubai Mall, Dubai Marina Mall, Gold & Diamond Park, Souk Al Bahar, as well as the Community Retail Centres, stood at 92%, with around 136 million visitors in 2019.. It is noteworthy to mention that during the third quarter of 2019 , Emaar Malls achieved an increase of 12% in net profits to AED 602 million from AED 537 million in the same period last year..