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Emaar property sales this year $2.86 billion compared to $820 million in the same period last year
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The company, which owns the iconic Burj Khalifa, is forecasting even higher growth for H1 2021
Emaar Properties, one of the largest real-estate companies in the world, saw property sales in Dubai surge by 250 percent in the first five months of 2021, compared to the same period last year, it said in a statement on Sunday, June 6.
Emaar said its total property sales to date this year is around AED10.5 billion ($2.86 billion), compared to AED3 billion ($820 million) in the same period last year.
The company, which owns the iconic Burj Khalifa, is forecasting even higher growth for H1 2021, said the statement.
Emaar founder Mohamed Alabbar was quoted in the statement as saying: “These numbers demonstrate once again the resilience of our group, the quality of our products and the passion of our customers and our employees.”
He added: “I am confident that the Dubai property market is once again a growth story for developers, in light of the UAE’s wise policies, with Emaar perfectly positioned to capitalize on this.”
In 2021, Emaar has launched Golf Place Terraces in Dubai Hills Estate, Caya and Bliss in Arabian Ranches 3, and Palace Beach Residence in Emaar Beachfront. The developer delivered residential units across prime locations, including Dubai Hills Estate, Dubai Creek Harbor, Downtown Dubai and Emaar South.
