{"id":195315,"date":"2018-06-04T16:22:08","date_gmt":"2018-06-04T19:22:08","guid":{"rendered":"https:\/\/anba.com.br\/?p=195315"},"modified":"2019-06-30T12:42:06","modified_gmt":"2019-06-30T15:42:06","slug":"profit-real-estate-companies-climbed-29-uae","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/profit-real-estate-companies-climbed-29-uae\/","title":{"rendered":"Profit of real estate companies climbed 29% in the UAE"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 The aggregate profits of the 13 listed companies of UAE real estate sector climbed 29.4% in the year\u2019s first quarter, according to a news report by the <em>Emirates News Agency (WAM)<\/em>, the UAE official news outlet.<\/p>\n<p>Profits totaled AED 4.35 billion (USD 1.18 billion) in 2018\u2019s Q1, against AED 3.36 billion (USD 914 million) in the same period of 2017.<\/p>\n<p>According to <em>WAM<\/em>, the sharp increase in the real estate companies\u2019 profit beat the expectations of industry analysts. The news agency reports that the real estate sector led the market in dividend distribution in this year\u2019s Q1, thanks to a growing demand.<\/p>\n<p>Emmar Properties led the way in profit growth among the sector\u2019s companies. One of its arms, Emaar Development registered a 62% profit growth, going from AED 505 million (USD 137 million) in 2017\u2019s Q1 to AED 819 million (USD 223 million) in the same months of this year.<\/p>\n<p>Among other important companies in the UAE real estate sector, Aldar registered a profit of AED 667 million (USD 181.5 million), and RAK Properties posted profits of AED 25 million (USD 6.8 million) in this year\u2019s Q1.<\/p>\n<p><strong>Translated by S\u00e9rgio Kakitani <\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-195311\">Marwan Naamani\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The profits of the country\u2019s 13 listed property companies totaled USD 1.1 billion in the year\u2019s first quarter, well above the market\u2019s expectation.<\/p>\n","protected":false},"author":2316,"featured_media":195311,"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":[107,91],"tags":[211,2357,3057],"class_list":{"0":"post-195315","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-opportunities","8":"category-economy","9":"tag-emaar","10":"tag-emaar-development","11":"tag-real-estate-sector"},"wps_subtitle":"The profits of the country\u2019s 13 listed property companies totaled USD 1.1 billion in the year\u2019s first quarter, well above the market\u2019s expectation. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/195315","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=195315"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/195315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/195311"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=195315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=195315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=195315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}