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Emaar Development reports a 43% revenue rise to $1.4 billion in Q1, outpacing a 5% gain by Dubai Taxi Corporation.
Emaar Development, a major UAE property company, saw a 28% rise in Q1 sales to $4.5 billion, with revenue up 43% to $1.4 billion.
EBITDA and net profit before tax increased by 48% and 49%, respectively.
The company attributes its success to innovation and sustainability, having launched 12 projects in the quarter.
Meanwhile, Dubai Taxi Corporation reported a 5% Q1 revenue increase to $160 million, driven by an expanding fleet and strong delivery bike operations.
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Emaar Development informa un aumento del 43% en los ingresos a $ 1.4 mil millones en el primer trimestre, superando una ganancia del 5% por parte de Dubai Taxi Corporation.