PHOTO
Dubai's largest listed developer Emaar Development PJSC's Q1 2025 net profit surged 39% to 2.36 billion dirhams ($642.6 million).
The effort missed analysts’ mean estimate of AED 2.45 billion, according to data provider LSEG.
Revenue grew 43% year-on-year to AED 5 billion, while revenue backlog added 52% to AED100 billion YoY.
The value of property sales rose 28% YoY to AED 16.5 billion.
(Writing by Brinda Darasha; editing by Daniel Luiz)
