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FINANCIAL NEWS
Dubai- Emaar’s revenue from villa sales up to USD84m in Q1
18 May 2013
(MENAFN) Emaar Properties stated that its revenue from villa sales grew to USD84.02 million in the first quarter, compared with USD41.91 million in 2012’s same period, reported Khaleej Times.
The real estate developer attributed the increase to strong demand and high prices of luxury villas.
It added that income from the sale of apartments, land and commercial units reached USD172.76 million, up from USD166.58 million.
Meanwhile, income from rents went up to USD203.92 million, compared with the USD177.41 million it recorded a year earlier.
It is worth noting that Emaar is the developer of Burj Khalifa, the world’s tallest building.
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