Emaar Real Estate has recorded a net profit value of 3.5 billion dirhams to rise by 30% compared with 2013 profits which reached 2.56 billion dirhams. The profits were recorded on revenues of 9.89 billion dirhams.
The profits composed from retail, shopping centers and hospitality sector realted to Emaar rose by 12% to reach 4.8 billion dirhams compared with 3.99 billion dirhams achieved in 2013.
Revenues constituted from international operations rose as well to reach 1.89 billion dirhams, Emaar has delivered a number of projects in international markets including Address Residence in Istanbul and Emaar Square in Jeddah.
Emaar Real Estate revenues in last year’s fourth quarter reached 2.85 billion dirhams to rise by 44% from the same period revenues of 2013 which reached 1.97 billion dirhams.