{"id":174284,"date":"2018-04-30T11:36:01","date_gmt":"2018-04-30T14:36:01","guid":{"rendered":"https:\/\/anba.com.br\/?p=174284"},"modified":"2019-06-30T12:42:41","modified_gmt":"2019-06-30T15:42:41","slug":"emaar-developments-profit-rises-62","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/emaar-developments-profit-rises-62\/","title":{"rendered":"Emaar Development\u2019s profit rises 62%"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 Emaar Development, Emaar\u2019s real estate development arm, registered an increase of 62% in its net profit in this year\u2019s Q1, according to the website <em>Arabian Business<\/em>. It went from AED 506 million (USD 138 million) in last year\u2019s Q1 to AED 819 million (USD 223 million) in the same months of this year.<\/p>\n<p>In a statement released this Monday (30), the company stated that its revenues nearly doubled with an increase of 95% in the period. It went from USD 1.67 billion in 2017\u2019s Q1 to USD 3.27 billion in the same months of this year.<\/p>\n<p>Emaar Development\u2019s backlog now stands at AED 41 billion (USD 11 billion) with 27,200 residential units to be completed in the next five years. In this year\u2019s Q1, the company sold over 2,500 residential units.<\/p>\n<p>Among Emaar\u2019s launchings in this year\u2019s Q1 is the Emaar Beachfront, a private gated island destination in Dubai. The project includes 27 luxury towers, with the options of one, two, three or four bedrooms. Residents will have a private access to a 750-metre strip of beach.<\/p>\n<p>Emaar currently has 10 ongoing projects in its portfolio. The company developed in the UAE some of the most modern and renowned ventures, such as the Dubai Mall and the Burj Khalifa, the world\u2019s tallest skyscraper.<\/p>\n<p>With our developments, we are bringing exceptional lifestyle choices that meet the aspirations of our new generation through future city hubs that add value to the economy,\u201d said Emaar\u2019s chairman, Mohamed Allabar, in a statement.<\/p>\n<p><strong>Translated by S\u00e9rgio Kakitani <\/strong><\/p>\n<p>&nbsp;<\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-174263\">Press Release<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Emaar\u2019s real estate development arm registered a net profit of USD 223 million in 2018\u2019s Q1. Revenues nearly doubled.<\/p>\n","protected":false},"author":2316,"featured_media":174263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[211,2360,2357,2366,2365,229],"class_list":{"0":"post-174284","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-emaar","9":"tag-emaar-beachfront","10":"tag-emaar-development","11":"tag-mohamed-alabbar","12":"tag-net-profit","13":"tag-real-estate"},"wps_subtitle":"Emaar\u2019s real estate development arm registered a net profit of USD 223 million in 2018\u2019s Q1. Revenues nearly doubled. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/174284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=174284"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/174284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/174263"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=174284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=174284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=174284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}