Emaar Properties records net operating profit of AED1.249 billion in first nine months of 2011

  Emaar Properties PJSC, the global property developer of iconic projects, reported today a net operating profit of AED 1.249 billion (US$ 340 million) in the first nine months (January to September) of 2011.

Revenue for the first nine months this year reached AED 5.873 billion (US$ 1.599 billion).

Third quarter (July to September) 2011 revenue stood at AED 1.859 billion (US$ 506 million), compared with the second quarter 2011 revenue of AED 2.032 billion (US$ 553 million). Read more

Emaar Properties at Cityscape Global 2011

• Trend-setting Downtown Dubai is model for modern urban developments
• Emaar showcases international projects across key emerging markets

Emaar Properties PJSC, the global property developer with a significant presence in several emerging markets, is highlighting the social and economic contribution of its integrated developments at Cityscape Global, the premier real estate exhibition to be held from September 27 to 29, at Dubai International Convention & Exhibition Centre, Dubai. Read more

Emaar communities in full bloom

The sixth cycle of Emaar’s Best Garden Competition, an annual event organised by Emaar Community Management for residents of Emirates Living and Arabian Ranches, concluded with the award function at the Arabian Ranches Golf Club recently. Read more

Emaar Properties hands over Alma townhomes in Arabian Ranches ahead of schedule

1. Highlights Emaar’s focus on completion of projects through resource use efficiency
2. Community of 212 townhomes is located centrally in Arabian Ranches
3. Alma townhomes had gained overwhelming investor response

Emaar Properties has highlighted its commitment to project delivery, despite the challenges of the global financial crisis, with the hand over of Alma townhomes in Arabian Ranches five months ahead of schedule. The company had recently also completed and handed over La Avenida, a cluster of 17 luxury villas within Arabian Ranches, eight months ahead of schedule.

A community of 212 luxury homes, Alma townhomes in Arabian Ranches had gained overwhelming investor response when launched in 2007. Emaar was to have delivered the homes in end-November but has now completed the villas, which are being handed over. Customers are given a preview of the homes before the hand-over process starts this week. Read more