Emaar is poised to achieve a substantial revenue of $132 billion from property sales by the year 2040.
Emaar Properties has the potential to generate a substantial sum of Dh485 billion ($132.15 billion) through the sale of its development portfolio by the year 2040. As the largest listed developer in Dubai, the company continues to assert its dominance in the emirate's real estate market.
In a recent communication to investors, EFG Hermes, an Egyptian investment bank, revealed that around Dh155 billion, equivalent to 32% of the total portfolio value, is projected to be sold within the upcoming five years.
Mai Attia, Managing Director and Head of Real Estate and Construction Sector Research at EFG Hermes, emphasized, "Emaar's premium communities in Dubai have a strong appeal across a diverse range of buyers. This reinforces our anticipation of the company maintaining its leadership position in the market."
Furthermore, EFG Hermes provided estimates for group contracted sales, predicting Dh35.1 billion for 2023, Dh37.3 billion for 2024, and Dh39.4 billion for 2025.
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