Dubai's Emaar posts $1.68 billion in profit in 2019

Dubai's premier developer Emaar Properties posted on Monday net profits of $1.68 billion for 2019, but revenue slightly dipped for the builder of the world's tallest tower as it faces an even tougher year ahead due to the global coronavirus pandemic. Emaar said that in view of current circumstanc

BY Realty Plus
Published - Tuesday, 31 Mar, 2020

Dubai's Emaar posts $1.68 billion in profit in 2019

Dubai's premier developer Emaar Properties posted on Monday net profits of $1.68 billion for 2019, but revenue slightly dipped for the builder of the world's tallest tower as it faces an even tougher year ahead due to the global coronavirus pandemic. Emaar said that in view of current circumstances, the company's board did not recommend a dividend to shareholders for 2019. Dubai's sovereign wealth fund owns about a third of the company, which is publicly traded.