Emaar reports net profit of AED6.2billion in 2019

Emaar reports net profit of AED6.2billion in 2019

Emaar Properties exhibited a resilient performance in FY 2019 by recording net profit of AED6.20 billion as compared to net profit of AED6.139 billion in FY 2018.. During 2019, Emaar Development launched 22 new projects across various master plans in Dubai and has sold 70 percent of its units launched in 2019, indicating a stronger connection of customers with Emaar's strong brand value.. Emaar International represents 18 percent to the total group revenue.. Overall net profit in 2019 amounted to AED2.286 billion as compared to net profit of AED 2.230 billion in 2018.. The online retailer recorded a revenue of AED1.028 billion ($280 million), increasing by 21 percent compared to the previous year.. Emaar's recurring revenue generating businesses, hospitality & leisure, entertainment, commercial leasing business along with Emaar Malls, reported a revenue of AED7.293 billion ($1.986 billion), representing 30 percent of the total Group revenue..