| Market Dubai |
Symbol EMAARDEV |
ISIN AEE001901017 |
Industry Real Estate & Construction |
Emaar Development is the UAE build-to-sell property development business of Emaar Properties, responsible for iconic master-planned freehold communities in Dubai including Emirates Living, Downtown Dubai, Dubai Marina and Arabian Ranches. Emaar development has a high quality land bank of 170 million square foot gross area for build to sell properties in the UAE, which at an average development rate is expected to service at least 12 years of sales.
| Key Figures (AED Mn) | 2022 |
2023 |
2024 |
|---|---|---|---|
| Income statement | |||
| Revenue | 11,541 | 11,921 | 19,147 |
| Gross profit | 5,184 | 8,408 | 10,657 |
| Profit for the year | 4,265 | 8,484 | 9,687 |
| Profit attributable to owners of the parent | 3,808 | 6,629 | 7,633 |
| Balance sheet | |||
| Total assets | 42,474 | 48,868 | 59,421 |
| Total liabilities | 22,403 | 22,397 | 27,806 |
| Total equity | 20,072 | 26,471 | 31,615 |
| Cash flow | |||
| Net cash from operating activities | 8,616 | 9,765 | 10,951 |
| Net cash from/ (used in) investing activities | 232 | 1,172 | 984 |
| Net cash used in financing activities | -3,133 | -3,836 | -6,788 |
| Key indicators | |||
| Basic and diluted earnings per share (AED) | 0.95 | 1.66 | 1.91 |
| EBITDA margin (%) | 36.6 | 67.0 | 49.2 |
