Below are the financial statements of Emaar Development, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of AED | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Bank and cash balances | 23,569.62a | 18,421.67a |
| Trade and unbilled receivables | 11,457.37a | 12,020.37a |
| Other assets, receivables, deposits and prepayments | 6,091.83a | 4,479.91a |
| Development properties | 16,520.24a | 12,466.98a |
| Loans to joint ventures | 804.27a | 700.61a |
| Investments in joint ventures | 964.07a | 761.71a |
| Property, plant and equipment | 13.67a | 16.52a |
| Total assets | 59,421.08a | 48,867.77a |
| Liabilities and equity | — | — |
| Liabilities | — | — |
| Trade and other payables | 6,901.87a | 8,747.02a |
| Advances from customers | 19,210.47a | 12,716.23a |
| Income tax payable | 486.37a | 0a |
| Retentions payable | 1,176.42a | 905.8a |
| Interest-bearing loans and borrowings | 3.67a | 3.67a |
| Provision for employees’ end-of-service benefits | 26.98a | 24.32a |
| Total liabilities | 27,805.79a | 22,397.04a |
| Equity | — | — |
| Share capital | 4,000a | 4,000a |
| Reserves | 2,000.15a | 2,000.15a |
| Retained earnings | 22,388.42a | 16,841.1a |
| Equity attributable to owners of the Company | 28,388.57a | 22,841.25a |
| Non-controlling interest | 3,226.72a | 3,629.48a |
| Total equity | 31,615.29a | 26,470.73a |
| Total liabilities and equity | 59,421.08a | 48,867.77a |
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