{"id":3575,"date":"2023-08-08T23:35:07","date_gmt":"2023-08-08T23:35:07","guid":{"rendered":"https:\/\/souljordan.com\/?p=3575"},"modified":"2023-08-08T23:35:40","modified_gmt":"2023-08-08T23:35:40","slug":"emaar-set-to-hit-132-billion-in-property-sales-by-2040","status":"publish","type":"post","link":"https:\/\/souljordan.com\/emaar-set-to-hit-132-billion-in-property-sales-by-2040\/","title":{"rendered":"Emaar Set To Hit $132 Billion In Property Sales By 2040"},"content":{"rendered":"

\"\"Dubai-based developer Emaar Properties<\/a> could generate $132.04 billion (AED 485 billion) in property sales by 2040.<\/p>\n

Some 32% of Emaar’s total portfolio, or about $42.2 billion (AED 155 billion), will be sold in the coming five years, Egyptian investment bank EFG Hermes said in a note on Monday.<\/p>\n

EFG estimates group contracted sales of $9.6 billion (AED 35.1 billion) in 2023, $10.2 billion (AED 37.3 billion) in 2024, and $10.7 billion (AED 39.4 billion) in 2025.<\/p>\n

\u201cEmaar\u2019s communities in Dubai are premium and attract demand from a wide buyer base; hence, we expect it to maintain its market leadership,\u201d Mai Attia, managing director and head of real estate and constructions sector research at EFG Hermes, said.<\/p>\n

Emaar reported that its first-quarter profit surged 43% to AED 3.2 billion ($871.2 million) from $609.8 billion (AED 2.24 billion) a year ago, driven by strong real estate sales and operations across its units. Property sales backlog reached $15.2 billion (AED 55.7 billion) during the period.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dubai-based developer Emaar Properties could generate $132.04 billion (AED 485 billion) in property sales by 2040. Some 32% of Emaar’s total portfolio, or about $42.2 billion (AED 155 billion), will be sold in the coming five years, Egyptian investment bank EFG Hermes said in a note on Monday. EFG estimates group contracted sales of $9.6…<\/p>\n","protected":false},"author":1,"featured_media":3576,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[221],"tags":[487,488,464,138,486],"thb-sponsors":[],"yoast_head":"\nEmaar Set To Hit $132 Billion In Property Sales By 2040 - Soul Arabia<\/title>\n<meta name=\"description\" content=\"Dubai-based developer Emaar Properties could generate $132.04 billion (AED 485 billion) in property sales by 2040.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/souljordan.com\/emaar-set-to-hit-132-billion-in-property-sales-by-2040\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emaar Set To Hit $132 Billion In Property Sales By 2040\" \/>\n<meta property=\"og:description\" content=\"Dubai-based developer Emaar Properties could generate $132.04 billion (AED 485 billion) in property sales by 2040.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/souljordan.com\/emaar-set-to-hit-132-billion-in-property-sales-by-2040\/\" \/>\n<meta property=\"og:site_name\" content=\"Soul Arabia\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-08T23:35:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-08T23:35:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/souljordan.com\/wp-content\/uploads\/2023\/08\/Untitled-3-01-1-scaled-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Emaar Set To Hit $132 Billion In Property Sales By 2040\" \/>\n<meta name=\"twitter:description\" content=\"Dubai-based developer Emaar Properties could generate $132.04 billion (AED 485 billion) in property sales by 2040.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/souljordan.com\/wp-content\/uploads\/2023\/08\/Untitled-3-01-1-scaled-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Julian Nasser\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/souljordan.com\/#organization\",\"name\":\"Soul Arabia\",\"url\":\"https:\/\/souljordan.com\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/souljordan.com\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/souljordan.com\/wp-content\/uploads\/2020\/07\/LogoHQ.png\",\"contentUrl\":\"https:\/\/souljordan.com\/wp-content\/uploads\/2020\/07\/LogoHQ.png\",\"width\":749,\"height\":210,\"caption\":\"Soul Arabia\"},\"image\":{\"@id\":\"https:\/\/souljordan.com\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/souljordan.com\/#website\",\"url\":\"https:\/\/souljordan.com\/\",\"name\":\"Soul Arabia\",\"description\":\"Welcome to the world of Soul Arabia\",\"publisher\":{\"@id\":\"https:\/\/souljordan.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/souljordan.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/souljordan.com\/emaar-set-to-hit-132-billion-in-property-sales-by-2040\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/souljordan.com\/wp-content\/uploads\/2023\/08\/Untitled-3-01-1-scaled-1.jpg\",\"contentUrl\":\"https:\/\/souljordan.com\/wp-content\/uploads\/2023\/08\/Untitled-3-01-1-scaled-1.jpg\",\"width\":2560,\"height\":1707},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/souljordan.com\/emaar-set-to-hit-132-billion-in-property-sales-by-2040\/#webpage\",\"url\":\"https:\/\/souljordan.com\/emaar-set-to-hit-132-billion-in-property-sales-by-2040\/\",\"name\":\"Emaar Set To Hit $132 Billion In Property Sales By 2040 - 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