Dubai: Emaar Properties’ net profit grew by 15 per cent to Dh2.837 billion ($ 772 million) during the first six months of 2017, compared to Dh2.475 billion (US$ 674 million) during the same period last year.
The revenue for the first half of the year is Dh7.866 billion ($ 2.142 billion), an increase of 8 per cent over the Dh7.257 billion ($1.976 billion) revenue for the same period last year.
Recurring revenue from Emaar’s shopping malls and retail, hospitality and leisure, commercial leasing and entertainment businesses in the first half of 2017 is Dh3.016 billion ($ 821 million), which represents 38 per cent of the total revenue.
Emaar’s revenue from its international development recorded a growth of 64 per cent in the first half of the year to Dh1.697 billion ($ 462 million), compared to the first half 2016 international revenue of Dh1.032 billion ($ 281 million).
