Emaar Malls 9-month revenue hits AED2.4bn

  • Date: 11-Nov-2020
  • Source: Emirates Business
  • Sector:Financial Markets
  • Country:UAE
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Emaar Malls 9-month revenue hits AED2.4bn

Dubai / WAMEmaar Malls, the developer of premium shopping malls and retail assets including The Dubai Mall, majority-owned by Emaar Properties, reported revenue of AED2.493 billion for the first nine months of 2020 (January to September). Emaar Malls reported net profit of AED586 million for the period ending September 30, despite the challenges posed by Covid-19. With the footfall gradually normalising and the upcoming holiday season, the outlook for the remainder of the year remains positive. Commenting on the results of the nine months of 2020, Mohamed Alabbar, Founder of Emaar Properties and Emaar Malls, said, “Emaar Malls continues to show incredible strength and resilience during pandemic, despite the challenging year for everyone in the retail industry.” “The results reflect Emaar Malls' ability to thrive during these testing times. We