- News
- How real estate prices have changed and what is the revenue of Emaar and Damac Properties
Residential property prices increased by 33.4% in January 2022 compared to January 2021.
According to a report by the financial company, EFG Hermes, property prices rose for segments: Luxury – by 35.1% Affordable – by 37.2% Budget – by 15.7% Average price – 4,614$ per sqm TOP areas in price growth: 1. Jumeirah 2. MBR City 3. Palm Jumeirah
Emaar announced record numbers for 2021.
Compared to 2020:
- Revenue increased by 57% (up to $7.7 billion)
- Net profit increased by 80% (up to $1 billion)
- Sales inicresed by 209% (up to $9.2 billion)
This is the highest ever property sales recorded by Emaar since its incorporation in 1997. Earlier, developer announced start of sales of the Bliss 2 project
Damac Properties announced revenue of $817 million in 2021.
Developer took a net loss of $144.6 million. In 2020, the net loss was $175.9 million. In 2021, Damac delivered 7,400 residential units at Damac Hills and Damac Hills 2 projects. Sources: The National News, Gulf News
More about real estate
Discover the insider knowledge of Dubai real estate from our agents: expert analysis and in-depth information on the city and its property market.
Listen to podcasts from our real estate agents and stay up to date on the Dubai property market: latest news, expert advice, and more.
all podcasts
Stay up to date on the latest trends and developments in the Dubai real estate market with our informative articles. With insights and advice from industry experts, our blog is a valuable resource for anyone interested in the Dubai property market.
All articles