Delivering Robust Growth

Consolidated Results UAE Development International Development Emaar Mall Management - Key Highlights Excl Namshi Emaar Malls Emaar Hospitality AED Million¹ FY 2022 FY 2021 % Change FY 2022 FY 2021 % Change Revenue 5,313 4,900 8% GLA (Mn SQFT) 2 6.8 6.8 0% Gross Profit 3,799 3,550 7% Occupancy Rate (%) 97% 92% Margin (%) 71.5% 72.4% Base Rent (AED Mn) 2,639 2,537 4% EBITDA 3,067 2,601 18% Turnover Rent (AED Mn) 201 129* Margin (%) 57.7% 53.1% Revenue (AED Mn) 3,741 3,449 8% Net Profit 2,518 1,784 41% EBITDA (AED Mn) 3,020 2,466 22% Margin (%) 47.4% 36.4% Margin (%) 81% 72% * Impacted due to rent relief during 2021 Tenant sales surpassed 2019 level Tenant sales grew by 40% compared 2019 39 | EMAAR Opened Middle East's 1st Time Out Market³ in Souk Al Bahar from April 2021 137 Mn Footfall at Emaar Mall assets (Up +35% from 101 Mn in 2021) Dubai Mall selected as the Best Service Performance Brand for the year 2022 by Dubai's Department of Economy and Tourism Maintained robust occupancy of 97% with rebound in tenant sales in a challenging market 1) Values are after inter-company adjustments and including Namshi; 2) Represent GLA owned by Emaar Mall Management; 3) In collaboration with Time Out Group PLC Note: Subsequent to the merger with Emaar Properties PJSC in November 2021 in an all-share transaction, Emaar Malls PJSC got delisted from DFM

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