EMAAR Forecasts Revenue Surge to $132 Billion from Real Estate Sales in Dubai by 2040

Dubai's largest developer, EMAAR, predicts a substantial increase in revenue to $132 billion from property sales by 2040. EMAAR has been a central player in Dubai's real estate market for decades. Its portfolio comprises various properties, including residential, commercial, office, and hospitality spaces. According to forecasts, the company could earn $132 billion from the sale of its development portfolio by 2040. Over the next 5 years, sales of approximately 155 billion AED are expected, making up 32% of the company's overall portfolio.

Dubai has also solidified its position as a key global economic center. In the first half of 2023, the emirate attracted over 8.5 million visitors, surpassing even pre-pandemic levels.

The real estate market in Dubai continues to grow, demonstrating an increase in overall transaction values and volumes. Average housing prices have also risen. Consequently, EMAAR remains focused on real estate development.

Thus, EMAAR continues to be in the spotlight in Dubai's real estate market, asserting its position as a leading developer and foundational player in this dynamic market.

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