Emaar Development recorded an impressive increase in its property sales

Emaar Development, a subsidiary of Emaar Properties, witnessed a remarkable surge in property sales during Q1 2024. Sales soared by 50%, reaching AED 12.9B (USD 3.5B), compared to AED 8.6B (USD 2.3B) in the same period last year.

Emaar Development’s impressive results can be attributed to the successful launch of 10 projects across multiple master plans. These releases have not only generated substantial revenue, but have also paved the way for a promising future, aligning with the company’s strategic objectives to solidify its position and reputation as a reliable and trusted developer.

Recently, Emaar Development announced the launch of 2 prestigious projects: The Heights Country Club и the Grand Club Resort. These projects encompass a total of 141M sq. ft, and have a combined development value of AE D96B (USD 26B).

These new ventures are expected to significantly contribute to Emaar’s sales and profitability, and further showcase the company’s commitment to delivering unparalleled luxury living. Moreover, these projects strategically position Emaar to bring to market a substantial number of new villas and townhouses, further boosting sales and profitability and strengthening its place as a leader in global property development.

The future’s looking bright in light of Emaar Development’s exceptional performance in Q1 2024. A remarkable surge in sales combined with successful property launches have contributed to the developer’s overall reputation and position as a trusted and influential player in the real estate industry, while the recent announcement of upcoming projects indicate that the developer’s forward momentum is showing no signs of slowing.