Emaar Properties has reported Q1, 2023 net income of AED 3.2 billion (USD 871 million), up by 43% compared to the same period last year.
It is noted that earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 26% and reached AED 4 billion (USD 1.1 billion).
Dubai real estate market continues to grow rapidly. In Q1, the volume of sales and purchases rose by 50% in quantity and 60% in value year-on-year. According to the numerous forecasts, this trend will continue throughout 2023.
