Delivering Robust Growth
UAE Development - Projects Under Development (JVs)
% Remaining Collections of Sold
Value
Project (Joint Ventures)
Units
Project Value
(AED Mn) (¹)
Dubai Hills Estates
2,569
10,015
Area
(SQF)
4,385,520
% Collected of
Launch Period % Unit Sold
% Value Sold
sold value
% Completion
Dec-22 (3)
% Gross Margin
Dec-22(2)
Total
Till
Handover
Post
Handover
98%
97%
29%
60%
71%
57%
14%
Socio
332
278
193,826
Feb-18
100%
100%
50%
96%
26%
50%
50%
0%
Golf Suites
211
347
202,994
Nov-18
100%
100%
49%
100%
42%
51%
11%
40%
Golfville
306
311
183,203
Apr-19
100%
100%
36%
39%
44%
64%
36%
28%
Golf Place II
128
1,460
777,810
Feb-21
100%
100%
41%
11%
57%
59%
22%
37%
Palm Hills
75
875
370,886
May-21
100%
100%
39%
3%
64%
61%
33%
28%
Majestic Vistas
40
1,182
347,721
Jun-21
100%
100%
40%
2%
74%
60%
34%
26%
Park Field
304
528
263,029
Jun-22
100%
100%
20%
36%
80%
80%
0%
Lime Gardens
291
519
250,116
Jul-22
99%
98%
21%
50%
79%
79%
0%
Hills Park
444
709
359,133
Aug-22
99%
99%
19%
46%
81%
81%
0%
Address Hillcrest
138
3,273
1,183,776
Aug-22
94%
94%
18%
72%
82%
82%
0%
Park Horizon
300
534
253,026
Nov-22
86%
82%
8%
51%
92%
92%
0%
Rashid Yachts & Marina
673
1,516
723,982
62%
61%
14%
35%
86%
86%
0%
Sea Gate
282
633
302,236
Jun-22
85%
86%
20%
33%
80%
80%
0%
Seascape
391
882
421,746
Dec-22
46%
44%
6%
36%
94%
94%
0%
Emaar South
1,655
2,225
2,437,656
98%
96%
42%
33%
58%
27%
31%
Parkside 2
Parkside 3
Green View
Greenview 2
422
510
604,920
Jan-19
100%
100%
53%
95%
29%
47%
6%
41%
365
438
519,318
Feb-19
100%
100%
47%
100%
29%
53%
8%
45%
286
350
413,656
Apr-19
100%
100%
48%
28%
31%
52%
14%
38%
292
358
417,556
Jul-19
100%
100%
46%
21%
33%
54%
17%
37%
Greenview 3
241
391
366,067
Apr-22
100%
100%
20%
39%
80%
80%
0%
Fairway Villas
49
179
116,139
Dec-22
47%
51%
43%
100%
100%
0%
Total
4,897
13,756
7,547,158
93%
93%
30%
53%
70%
54%
16%
Grand Total (100% Owned + JVs)
27,143
76,284
35,096,960
98%
97%
37%
43%
63%
46%
17%
1) Total project value of units under development is based on the expected selling price; 2) Corresponds to gross margin for units sold not necessarily indicative of margin at completion; 3) Projects where handover has not started are included in
above table though 100% completion is achieved
57 EMAAR
Note: Revenue of units sold related to projects under construction are recognized once 20% construction completion and 20% collection is achievedView entire presentation