Delivering Robust Growth
Consolidated
Results
UAE Development
International
Development
Emaar Malls
Emaar Hospitality
EMAAR
Emaar Development - Key Highlights1
AED Million
FY 2022
FY 2021
% Change
Property Sales
30,713
27,440
12%
Revenue
11,541
15,602
(26%)
Gross Profit
5,184
5,735
(10%)
Margin (%)
44.9%
36.8%
EBITDA
4,224
4,389
(4%)
Margin (%)
36.6%
28.1%
Net Profit
3,808
3,244
17%
Margin (%)
33.0%
20.8%
Less than 1%
Default Rate, of Sales Value
6,100 +
Units Delivered4
27,000 +
Units Under Construction4
34 | EMAAR
AED 41.3 Bn
Revenue BacklogĀ³
To be recognized over next 3-4 years
FY 2022 Revenue Breakup
72%
16%
AED
11%
11,541 M
Apartment
Villas/Townhouses
Plots of land, commercial units
and development services
~347 Mn SQFT
Land Bank 2&4
AED 14.4 Bn
Cash Balance4
1) Numbers excluding inter-company transactions; 2) including the land bank of Emaar Properties PJSC as at 31 December 2022; 3) Sales value of properties sold but not yet recognised as revenue under
IFRS, including 100% of Joint Ventures 4) including Joint VenturesView entire presentation