Last 10.45 AED
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Volume 14.3M
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emaar properties pjsc (EMAAR) Snapshot

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05/14/14 - 11.10
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09/5/13 - 4.75
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emaar properties pjsc (EMAAR) Details

Emaar Properties PJSC, together with its subsidiaries, is engaged in the property investment and development business. It operates in three segments: Real Estate, Leasing and Related Activities, and Hospitality. The company develops and sells condominiums, villas, commercial units, and plots of land. It also develops, leases, and manages malls, as well as retail, commercial, and residential spaces. In addition, the company develops, owns, and manages hotels, resorts, services apartments, golf resorts, recreation clubs, and leisure activities, as well as Dubai Polo and Equestrian Club, and the Dubai Marina and associated yacht club. Further, it offers property management and utility services, as well as invests in the providers of financial services; and ICT and business IT support services. It has operations in the United Arab Emirates, Saudi Arabia, Syria, Jordan, Lebanon, Egypt, Morocco, India, Pakistan, Turkey, the United States, and Canada. Emaar Properties PJSC was founded in 1997 and is based in Dubai, the United Arab Emirates.

Founded in 1997

emaar properties pjsc (EMAAR) Top Compensated Officers

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emaar properties pjsc (EMAAR) Key Developments

Emaar Properties PJSC Announces Earnings Results for the Second Quarter and First Half Ended June 30, 2014

Emaar Properties PJSC announced earnings results for the second quarter and first half ended June 30, 2014. The company made a net profit of AED 868 million for the three months ended June 30, 2014 compared to AED 675 million in the corresponding period a year earlier. Revenue for the period was down 9.7% to AED 2.807 billion from AED 3.109 billion in the second quarter last year. For the first half, the company’s net profit soared 41% year-on-year to AED 1.731 billion helped by the economic growth and the strong malls and hospitality business against AED 1.231 billion a year ago. Revenue fell to AED 5.063 billion from AED 5.219 billion a year earlier although the malls and hospitality business raised its revenue 14% to AED 2.6 billion.

Emaar Properties Secures $1.5 Billion Sharia-Compliant Loan

Emaar Properties has secured a $1.5 billion sharia-compliant loan from five local lenders, to take advantage of buoyant markets to re-price debt. A number of state-linked entities in the emirate have sought to refinance existing debts, even if the loans have years until maturity, as market sentiment towards Dubai improves after its debt crisis at the start of the decade and local banks look to focus excess cash on the emirate's best-quality borrowers. The company has raised the seven-year facility which will pay 175 basis points over the London interbank offered rate (Libor), the sources said on condition of anonymity as the information isn't public. This is half the rate of the existing loan, which was due to run until 2016 and had an interest rate of 350 bps over Libor. The funds have been provided on an equal basis by three Dubai lenders - Dubai Islamic Bank, Mashreq and Noor Bank - and two from Abu Dhabi - First Gulf Bank and National Bank of Abu Dhabi. The lenders plan to market the transaction to other banks in a syndication phase, which could begin in the next two weeks. The company announced plans to list up to 25% of its malls business in March, which is expected to raise 8 to 9 billion dirhams. The new loan replaces an existing facility worth $980 million which was raised in 2011 and was secured against Dubai Mall to help secure a lower borrowing rate. The new transaction has no collateral to support it, the sources said, emphasizing how far the market has shifted in terms of banks willing to lend to Dubai names.

Emaar Properties Gets Approval For 25% Stake In Dubai Mall

Emaar Properties PJSC (DFM:EMAAR) said it has received the required approval from the UAE's Securities & Commodities Authority to sell up to 25% stake in Emaar Malls Group LLC. The anticipated funds raised from the proposed IPO will be primarily distributed as dividend to the shareholders of Emaar Properties.


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Deyaar Development PJSC 1.26 AED 0.00
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Valuation EMAAR Industry Range
Price/Earnings 23.6x
Price/Sales 6.9x
Price/Book 2.0x
Price/Cash Flow 24.4x
TEV/Sales 4.7x

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