Dubai's Emaar says sales have leapt 250% year-on-year

Developer says sales in the first five months of 2021 topped $2.8bln

  
The corporate logo of EMAAR is seen in Dubai, United Arab Emirates, December 28, 2018. Picture taken December 28, 2018. Image for illustrative purposes.

The corporate logo of EMAAR is seen in Dubai, United Arab Emirates, December 28, 2018. Picture taken December 28, 2018. Image for illustrative purposes.

REUTERS/ Hamad I Mohammed

Emaar Properties saw its sales surge by 250 percent in the first five months of 2021 compared with the same period last year.

According to the developer, its total sales reached AED 10.5 billion ($2.8 billion) compared with AED 3 billion in the same period last year.

Emaar founder Mohamed Alabbar said: “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 capitalise on this.”

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

 imogen.lillywhite@refinitiv.com 

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© ZAWYA 2021

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