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Dubai developers score profits from global homebuyers
Mint Chennai
|February 18, 2025
Builders in the city, which is part of the United Arab Emirates, are reporting surging profits and record sales.
Dubai was the world's third best performing location for prime real estate in 2024 with a 16.9% increase, according to the Knight Frank cities index. That demand has been driven by expats who've landed in the city and overseas buyers who've swooped in to capitalize on the boom.
Emaar Development PJSC—the construction arm of the conglomerate that built the world's tallest tower in Dubai—reported record profit of 7.6 billion dirhams in 2024. That was double its earnings for 2022. Binghatti Holding Ltd also more than doubled earnings from a year earlier.
Diese Geschichte stammt aus der February 18, 2025-Ausgabe von Mint Chennai.
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