Investor Presentaiton
Consolidated
Results
UAE Development
International
Development
Emaar Malls
Emaar Hospitality
EMAAR
Emaar Malls - Key Highlights¹
Excl. Namshi
AED Million
Q1 2021
Q1 2020 % Change
AED Million
Q1'21
Q1'20 % Change
Revenue
884
963
(8%)
GLA (Mn sq. ft.)
6.8
6.6
2%
Gross Profit
653
747
(13%)
Occupancy Rate %
86%
91%
Margin (%)
73.9%
77.6%
Base Rent
492
513
(4%)
EBITDA
495
547
(10%)
Turnover Rent
22
(100%)
Margin (%)
56.0%
56.8%
Revenue
643
741
(13%)
Net Profit
295
342
(14%)
EBITDA
505
551
(8%)
Margin (%)
33.4%
35.5%
Margin (%)
78.5%
74.4%
Introduced flexible rent relief
policy including tiered base rent
waiver till 31 March 2021
Opened Time Out Market²
in Souk Al Bahar
The Middle East Cleaning,
Hygiene and Facilities
Awards³ for The Dubai Mall
34\
EMAAR PROPERTIES 1) Transactions after inter company adjustment and including Namshi; 2) In collaboration with Time Out Group PLC; 3) The Best Maintained Public WashroomsView entire presentation