Emaar records property sales of Dh10.5bn in first five months of 2021

Emaar records property sales of Dh10.5bn in first five months of 2021

Dubai's biggest listed property developer Emaar Properties recorded a 250 per cent jump in property sales in the first five months of 2021 as the economy recovers from the pandemic-driven slowdown.

The company's total property sales during the period rose to Dh10.5 billion ($2.85bn), compared to Dh3bn in the same period last year, the company said in a statement on Sunday.

“I am confident that the Dubai property market is once again a growth story for developers, in light of the UAE's wise policies, with Emaar perfectly positioned to capitalise on this,” the company's founder and managing director, Mohamed Alabbar, said.