Emaar Properties’ revenue grew by 24% to AED 1.038 billion in the first quarter

Media In – Dubai 29 April 2018 / WAM /
Emaar Malls, the retail and shopping center, posted a net profit of AED 548 million ($ 149 million) in the first quarter of this year, similar to its first-quarter net profit of AED 539 million ($ 147 million).
In the first three months of the year, Emaar Miles revenues amounted to 1.038 billion dirhams ($ 283 million), up 24 percent from the first quarter of 2017, which amounted to 836 million dirhams ($ 228 million), mainly due to the incorporation of ” “During 2018 reflecting the company’s focus on achieving significant shareholder value.
At its third annual meeting, Emaar Properties announced a cash dividend of 1.301 billion dirhams ($ 354 million), equivalent to 10 percent of the company’s share capital for the third consecutive year.
Emaar Malls, which includes Dubai Mall, Dubai Marina Mall, Souk Al Bahar, Gold and Diamond Complex and shopping destinations within the residential complexes, was 95 per cent and Emaar Malls combined 35 million visitors in the first quarter of 2018, a growth of 3 percent compared to the same period last year and in turn attracted the Dubai Mall, 21 million visitors in the first quarter of this year.
“Emaar Malls has helped create new features for the retail sector in Dubai by developing world-class shopping and entertainment destinations while offering options that meet the expectations of the next generation of interested customers,” said Mohammed Alabbar, Chairman of Emaar Properties and Emaar Malls. We will continue to work on innovative initiatives that enrich the traditional family atmosphere of the shopping experience with first-class customers and employ the latest digital innovations that ensure a highly efficient shopping experience that is consistent with the needs of all customers.