|15 September, 2019

Emaar among world's most powerful real estate brands in 2019: report

The brand value of Emaar was estimated at $2.7bln

A logo of Dubai's Emaar Properties is seen on a building in Dubai, United Arab Emirates January 12, 2018.

A logo of Dubai's Emaar Properties is seen on a building in Dubai, United Arab Emirates January 12, 2018.

REUTERS/Ahmed Jadallah

Dubai – Mubasher: Emaar Properties, a leading global real estate developer based in the UAE, was ranked the 14th among the world’s strongest real estate firms in 2019, according to a recent report by Brand Finance.

The brand value of Emaar was estimated at $2.7 billion (around AED 9.9 billion), which is the most valuable brand on Brand Finance’s real estate ranking for 2019, the report showed.

The property developer, listed on the Dubai Financial Market (DFM), is expected to maintain boosting its brand value due to its large-scale projects, such as the Dubai Mall, the world’s largest shopping centre, and the Burj Khalifa, the world’s tallest building, the report highlighted.

Last week, Emaar Properties revealed it had raised $500 million from the sale of the 10-year US dollar-denominated sukuk.

In August, the real estate giant said it had logged a net profit of AED 3.110 billion ($847 million) for the first half of 2019 and generated revenue of AED 11.569 billion ($3.150 billion) for H1-19.

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