GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Real Estate

    Share
• Revenue recorded for the first half of the year (January to June) 2021 was AED 2.048 billion (US$ 558 million), 23 per cent higher than the same period last year.
• Revenue for Q2 (April to June) 2021 increased by 74 per cent to AED 1.147 billion (US$ 312 million), compared to Q2 2020.
• Tenant sales are up by 77 per cent compared to H1 2020 and higher than 2019 despite the pandemic and its impact on tourism.
 
August 11, 2021:  Emaar Malls (DFM: EMAARMALLS) recorded an increase in net profit by 80 per cent to AED 622 million (US$ 169 million) during the first six months (January to June) of 2021, compared to a net profit of AED 345 million (US$ 94 million), during the same period in 2020. Revenue for H1 2021 amounted to AED 2.048 billion (US$ 558 million), an increase of 23 per cent compared to the H1 2020 revenue of AED 1.660 billion (US$ 452 million). 
 
Revenue for Q2 2021 increased by 27 per cent to AED 1.147 billion (US$ 312 million), compared to the Q1 2021 revenue of AED 901 million (US$ 245 million).
Emaar Mall's e-commerce fashion and lifestyle platform, Namshi, a wholly owned subsidiary, recorded sales of AED 427 million (US$ 116 million) for Q2 2021, 65 per cent higher than Q1 2021, and recorded online sales of AED 685 million (US$ 186 million) in the first half of 2021. Namshi's strong performance is credited to its persistent growth in the GCC countries, including Saudi Arabia, Kuwait and Qatar. With the addition of over 240 new brands earlier this year, combined with exceptional demand during Ramadan and Eid, Namshi has delivered impressive revenues for the first half of 2021.



Posted by : GoDubai Editorial Team
Viewed 5662 times
Posted on : Wednesday, August 11, 2021  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Union Properties PJSC increases its profits by 483% in the 2nd Quarter 2021 compared to the 1st Quar...
Next Story : Modesh Scholarship Promotion Boosts Students and Families With Back to School Cash Prize Draws
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Korean Food Gains Global Acceptance with 4% Market Share and US$10 BN Revenue in...
Oral-B iO™, The Biggest Innovation in Oral Care History
M•A•C Cosmetics News: M•A•C X Rosalia
Japanese Beauty and Skin Care Company Launching in UAE to Meet Increasing Consum...
For Every Story, For Every Me
Xiaomi Revolutionizes Content Creation with Newly-Launched Smartphones in the UAE
The Tonda PF Collection- A Purist's Delight for Those in the Know
Otology, Neurotology and Skull Base Surgery to be discussed at Dubai Otology Nex...
Global Music Stars Relaunch Pandora ME for the Creative Next Generation
Big Crown ProPilot Big Date Bronze- Flair Time
Samsung Jet™ Cordless Vacuum Cleaner: A Closer Look at the Revolutionary Clean S...
Abu Dhabi Health Services Company (SEHA) Erges Women to Prioritize their Health ...
CH Winter Collection 2021
Nissan of Arabian Automobiles brings back popular Automania Exchange Trade-In Ca...
Etihad Rail Signs Strategic Agreement with Herrenknecht to Develop New Tunnel De...
TURKEY'S Rumeysa Gelgi is warded GUINNESS WORLD RECORDS™ Title for Tallest Woman...
Genesis Premieres the GV60, a Luxury EV That Delivers Interactive Mobility
MBRSC Announces Astronauts Hazzaa AlMansoori and Sultan AlNeyadi finished their ...
LG Releases Preliminary Earnings For Third-Quarter 2021
Dubai Customs Tops IdeasUK and IdeasAmerica's indexes 2021
25th Edition of Beautyworld Middle East 2021 Wraps on a High With Strong Interna...
Dubai Municipality to Celebrate World Migratory Birds Day 2021
Union Coop Allocates AED 10 Million on October Promotions
Emirati Youth to Showcase Skills in Youlah
Formolo & Pogačar Climb the Podium at Tre Valli Varesine
P&G partners with Zulekha Hospital and Choithrams for Pink It Now Campaign this ...
Global Sports Stars and Decision-Makers Start Arriving for Expo 2020
Legacy Comes to Life With India Gate
Aster Hospitals UAE Launches Oncology Centre in Dubai
STDC Approved as Certified Center within Sharjah Food Safety Program
Gestational Diabetes Was a Blessing in Disguise,' Says Emirati Business Woman
Italy brings 55 Companies to Present latest Innovative Solutions that Tackle cur...
Wash Day Essentials: The Only Collection You'll Need for Perfect Curls
Sheikh Shakhbout Medical City Focuses on Holistic Care This Breast Cancer Awaren...
Pro Golf Coach Claude Harmon III Offers Coaching to Elite-Level Golfers at GEMS ...
Creating Instagram Videos just got even Easier
Headline: Accessibility and Mobility: How the Automotive Industry is becoming mo...
Malabar Gold & Diamonds Launches ‘Bella Collection' – Dazzling 22k Gold Jewelle...
Hyundai Motor and UNDP Mark One Year of ‘for Tomorrow' Global Project for Sustai...
Hyundai Motor Signals Carbon Neutral Commitment through New ‘Expecting Generatio...
Etihad Airways Celebrates UAE Civil Aviation Day
Foxyskin Unveils Grooming Products for the Modern Man
Arab Fashion Week Celebrates its Return to Physical Shows at Dubai Design District
Malabar Gold & Diamonds Attracts Global Attention at Dubai Expo 2020
OMEGA Reveals the Secret of James Bond's Watch
Quote of H.E. Hamad Obaid Al Mansoori, Chairman, MBRSC
Hamdan Sports Complex to host 25th Karate World Championship from November 16-21
SAIF Zone Enriches its Digital Infrastructure with 36 New Services and Features
Boom of Attendance at WHITE Milano. Over 13,000 visitors, 85% of whom were buyers.
Abu Dhabi University Fosters Women Excellence in Engineering and Computing Research