Everyone has a dream destination in mind that they always want to visit and I think Dubai is common among all. The azure blue lagoons, white sand beaches, skyscrapers, the tallest building in the world, countless comforts and benefits, top-notch brands, and not is here! This is the reason why one wants to visit Dubai once in a lifetime.
Dubai is gaining regular visitors and this has increased with the golden visa scheme that has given relaxation to a certain number of people who can come and plan to settle in Dubai with a visa granted for 10 years.
This enhanced an opportunity for the investors to become a part of this dominant market and this has also given a boost to the developers to come up with several eye-catching properties that will dominate the well-spread market of Dubai.
Several builders like Damac, Sobha, Emaar, etc. played a very significant role in Dubai real estate market but the growth and the strong imprint Dubai has got is from Emaar.
Emaar Properties is one of the biggest listed developer names in Dubai that has recorded a threefold increase in Q1 2022. It generated higher sales revenue when the UAE property market was recovering from the pandemic effect. The weakened property market of Dubai was improved by fiscal and monetary measures. The market is registered with 26000 properties approximately.
Q1 2022 has shown a tremendous and in fact giant growth in comparison to Q1 2021.
Mohamed Alabbar, the founder of Emaar Properties, said:“We have increased our share in key markets of Egypt and India, capturing the strong increase in demand in these economies. Going forward, Emaar will also continue to capitalize on the very attractive supply and demand dynamics in hospitality and shopping malls, which have recorded a solid performance in the first quarter of this year.”
“Emaar is well-positioned to efficiently implement its clearly defined strategy and to generate attractive and sustainable returns for all stakeholders. The future growth and long-term shareholder value will be laid by digital transformation, new product innovation, and market penetration.”
Residential properties are one of the strongest assets for investment in Dubai. Emaar is a well-established name in the real estate world that has planned some prolific housing communities in the major locations. A prolific growth has been seen in the Emaar Development with an increase of 16% in 2022 with recorded property sales of Dhs6.843bn ($1.863bn) that was Dhs5.883bn ($1.602bn) in Q1 2021. A net profit of 34% of an average amount of Dhs1.05bn ($286m) has been observed.
One of the most appreciated and master-planned communities that brings manifold opportunities for the residents. It is an outstanding community for home seekers that is just not a place of living but a community where you will find like-minded people in a close-knitted space. Experience the most beautiful living here in EMAAR THE VALLEY.
It is strategically planned in Al Ain Road, Dubai provides a comfortable and easy reach to several zones. Dubai City Centre, Rugby Sevens Stadium, Dubai Outlet Mall, Burj Khalifa & The Dubai Mall, and Dubai International Airport are in proximity.
EMAAR Orania, EMAAR The Valley Talia, EMAAR The Valley Eden, Expo Golf Villas Phase 4, Golf Views EMAAR South, Urbana 3 EMAAR South, Address Residences The Bay, EMAAR Grand Bleu Tower, etc. are some hot properties replete with countless amenities and comforts.
Emaar has planned some top-notch communities in the leading locations of Dubai, the communities are EMAAR Beachfront, EMAAR South, and The Valley EMAAR.
Dubai real estate developer Emaar Properties has seen its quarterly net profit increase by 241% to DHS 2.239 billion ($610 million) in Q1 2022, from DHS 657 million ($179 million) in Q1 2021.
