Emaar Development recorded 30 project launches, resulting in the sale of 8,400 units in the first six months, reflecting a 56 per cent growth over H1 2023
Emaar announced its performance results for H1 2024 during its mid-year internal staff rally, where the company’s leadership reviewed significant milestones and achievements.
Commenting on the company’s performance, founder and chairman Mohamed Alabbar stated: “Our performance in H1 2024 shows Emaar’s relentless pursuit of excellence and innovation.
“We are not just managing businesses; we are shaping legacies and transforming communities for a prosperous future.”
Emaar’s highlights for H1 2024
Emaar Development recorded substantial progress with 30 project launches, resulting in the sale of 8,400 units in the first six months, reflecting a 56 per cent growth compared to the same period in 2023.
Key projects like Address Residences Zabeel and Palace Residences Dubai Hills Estate achieved remarkable sales, each selling 2,500 units within just seven days. The company also awarded 50 construction contracts worth Dhs8.7bn.
Highlighting its commitment to sustainability, Emaar’s iconic Burj Khalifa achieved LEED Platinum certification for sustainable construction.
Emaar’s retail division continued to thrive, with Dubai Mall recognised as the most visited place on Earth in 2023, attracting 105 million visitors.
In H1 2024, the mall recorded an 8 per cent increase in footfall compared to the same period in 2023, attributed to enhancements such as improved car park availability and world-class washroom designs.
Emaar Entertainment and Dubai Opera reported a record-breaking attendance at Dubai Opera, attracting 250,000 spectators.
Supporting the community
Operational excellence remained a key focus for the company, with 2,331 fire safety and emergency preparedness training sessions conducted, training 6,561 company and retailer staff.
During the heavy rainfall in April, Emaar Community Management effectively managed water accumulation, ensuring continuous support and recovery for affected communities.
Notably, the property developer offered free repairs for all residential units impacted by the rains, completing repairs on more than 4,500 homes by the end of June.
Internationally, Emaar marked significant achievements with the complete sale of Urban Oasis in Gurgaon during its launch and substantial progress in Panorama and The Views in Karachi.
Emaar Hospitality celebrated numerous accolades, including five-star ratings for Address Istanbul, Address Beach Resort, and Armani Hotel Dubai.
New openings and rebranding efforts included the rebranding of Address Dubai Mall and the opening of Palace Dubai Creek Harbour.
Customer excellence was in focus, with over 21,000 service requests handled, more than 6,000 unit registrations managed, and over 3,500 units handed over to customers in H1.
Additionally, more than 500 mystery shopper audits were conducted to ensure the highest standards of service.
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