Emaar Properties, the Dubai-based Public Joint Stock Company, is listed on the Dubai Financial Market and is part of the Dow Jones Arabia Titans Index.
Emaar has recorded an impressive growth of 35 per cent in annual profits for the year ended December 31, 2006 compared to year 2005. Emaar posted a record annual net profit of AED 6.371 billion (US$ 1.735 billion) compared to AED 4.731 billion (US$ 1.288 billion) in year 2005. Annual revenue increased by 68 per cent from AED 8.361 billion (US$ 2.276 billion) to AED 14.006 billion (US$ 3.813 billion). Earnings per share (EPS) for the year 2006 was AED 1.06 (US$ 0.29) compared to AED 0.85 (US$ 0.23) during 2005.
In October 2006 Emaar Properties was awarded ‘Best Developer in the UAE’ for the second consecutive year at the Euromoney Real Estate Awards. Emaar also won the ‘Best Developer in Egypt’ award, a reiteration of the company’s international expansion strategy of developing luxury master-planned communities in key emerging markets. The awards, voted for by industry peers, took into account factors such as most consistent providers of high quality, profitable real estate projects and innovation as well as individual developments, both recently completed and those at the planning stage.

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