Below are the financial statements of Emaar Properties, 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 | 2023 |
|---|---|---|
| Revenue | 35,504.92a | 26,749.82a |
| Cost of revenue | -15,124.37a | -9,884.5a |
| Gross profit | 20,380.55a | 16,865.32a |
| Other operating income | 654.2a | 553.24a |
| Other operating expenses | -239.42a | -228.06a |
| Selling, general and administrative expenses | -3,232.28a | -2,785.96a |
| Depreciation of property, plant and equipment | -625.14a | -616.38a |
| Depreciation of investment properties | -801.58a | -780.38a |
| Finance income | 2,102.45a | 1,603.57a |
| Finance costs | -940.91a | -1,039.47a |
| Other income, net | 1,596.32a | 2,508.2a |
| Share of results of associates and joint ventures | 5.6a | 236.98a |
| Impairment of non-financial assets, net | 0a | -1,255.5a |
| Profit before tax | 18,899.78a | 15,061.56a |
| Income tax expense | -1,450.71a | -232.41a |
| Net profit for the year | 17,449.07a | 14,829.15a |
| Attributable to | — | — |
| Owners of the parent | 13,513.94a | 11,629.24a |
| Non-controlling interests | 3,935.14a | 3,199.91a |
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