Emaar Properties made $1.8 billion in profit and close to $5 billion in sales in 2017, the chairman of Dubai’s largest listed developer said ahead of its full year results.
The developer of the more than 160-storey Burj Khalifa, the world’s tallest tower, made $1.43 billion in 2016 and reported $3.92 billion in Dubai property sales.
“We’ve been growing about 20 to 25 percent on an annual basis,” Chairman Mohamed Alabbar said late on Wednesday at a conference in Abu Dhabi.
Emaar, in which the Dubai government owns a minority stake, reported double digit quarterly sales growth in each of the first three quarters of 2017.
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Last Update: Wednesday, 20 May 2020 KSA 09:56 - GMT 06:56