Emaar’s 2019 net profit reaches AED6.2 billion

Emaar’s 2019 net profit reaches AED6.2 billion

Emaar Properties exhibited a resilient performance in FY 2019 by recording net profit of AED6.20 billion (US$1.688 billion) as compared to net profit of AED6.139 billion ($1.671 billion) in FY 2018.. Mohamed Alabbar, Chairman of Emaar Properties and Emaar Development, said, "Emaar's performance in 2019 was resilient, maintaining growth within a challenging market.. In 2019, the malls and retail centers of Emaar Mall welcomed approximately 136 million visitors collectively with The Dubai Mall maintaining its exceptional performance welcoming 84 million visitors in 2019.. 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..