Media ININ Economy We Trust
Media In – Dubai 29 July 2018 / WAM /
Emaar Malls, a retail and shopping center with a majority stake in Emaar Properties, has announced a net profit growth of 8 per cent in the first half of this year to AED 1.102 billion ($ 300 million) In 2017 of 1.021 billion dirhams (278 million dollars).
Emaar Properties’ revenues for the first half of 2018 were 2.103 billion dirhams ($ 573 million), up 29 per cent compared to AED 1.624 billion ($ 442 million) in the first half of 2017.
Emaar Malls, which includes Dubai Mall, Dubai Marina Mall, Souk Al Bahar, Gold and Diamond Complex and shopping malls in residential complexes, received 67 million visitors during the first half of 2018, a 3 percent increase over the same period. From last year.
“Emaar Malls has demonstrated in a short period of time its ability to develop world-class destinations that meet the aspirations of UAE residents and visitors from all over the world and work at the current stage,” said Mohammed Alabbar, Chairman, Emaar Properties. The company is moving towards a new phase of growth with an emphasis on multi channel marketing strategies, along with the development of new destinations that will shape the future features of the retail sector and adapt to the needs of the next generation of customers.
