Emaar focuses on inventory delivering 4,700 residential units with record sales of AED 27.4B

Emaar Development, majority-owned by Emaar Properties, achieved robust performance during 2021. The developer reported its highest ever property sales of AED 27.440 Billion in 2021, an increase of 335% compared to 2020. This performance was a result of Emaar’s concerted focus on inventory sales combined with the successful launches of properties, creating a strong revenue pipeline for the future.

In 2021 – January to December, Emaar Development reported a net profit of AED 3.244 Billion and revenue of AED 15.602 Billion, an increase of 96%  and 60% compared to 2020, respectively.

Emaar now has a sales backlog of AED 28.616 Billion, which will be recognised in the future as revenue for the business.

“Our unwavering commitment to providing unique living experiences across our thriving communities is strengthened further by our customer-centric approach, build quality and world-class amenities. As we close out 2021, we remain focused on future growth, digital innovation, and consistently adding value to Dubai’s property sector in 2022,” an Emaar spokesperson said.

During 2021, Emaar Development successfully launched Golf Place Terraces, Palm Hills with Elie Saab and Majestic Vistas inspired by Automobili Lamborghini in Dubai Hills Estate, Grand Bleu Tower, Palace Beach Residence and Beach Mansion in Emaar Beachfront, June, June II, Elie Saab, Caya, and Bliss in Arabian Ranches III, Grove in Dubai Creek Harbour, and Nara in The Valley.

Emaar Development has delivered over 4,700 residential units during 2021 across prime locations, including Dubai Hills Estate, Dubai Creek Harbour, Downtown Dubai, Dubai Marina, Emaar South, and Emaar Beachfront. As of December 2021, Emaar has delivered more than 52,000 residential units, with over 24,500 residences currently under development in the UAE.