Emaar Posts Record Sales as Dubai Property Market Rebounds
A banner advertising Emaar Properties PJSC flies in the harbor at Dubai Marina in Dubai.
Photographer: Razan Alzayani/Bloomberg
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The dramatic recovery in Dubai’s property market has helped its biggest property developer to report its highest-ever sales.
Emaar Properties PJSC posted real estate sales of 26 billion dirhams ($7.2 billion) in the first nine months of the year -- three times the sales for the year-ago period. Sales in its Dubai home market were five times the 2020 figures.