Emaar Properties recorded a net operating profit of AED 5.704 billion (US$ 1.553 billion) during full-year (January to December) 2017, a growth of 16 per cent over the FY 2016 net operating profit of AED 4.917 billion (US$ 1.339 billion). Total revenue for FY 2017 increased by 21 per cent to AED 18.812 billion (US$ 5.122 billion), over FY 2016 revenue of AED 15.540 billion (US$ 4.231 billion).
In 2017, Emaar successfully listed its UAE build-to-sell property development business, Emaar Development, by selling its 20 per cent stake through IPO and raised AED 4.824 billion (US$ 1.313 billion) and also announced AED 4 billion (US$ 1.089 billion) of exceptional dividend from the proceeds of the IPO.
Emaar Development (DFM: EMAARDEV), majority-owned by Emaar Properties, reported total revenue of AED 8.863 billion (US$ 2.413 billion), a growth of 28 per cent compared to AED 6.899 billion (US$ 1.878 billion) in FY 2016. The Company also achieved record sales of AED 18.03 billion (US$ 4.91 billion) in FY 2017, an increase of 25 per cent over FY 2016 sales of AED 14.4 billion (US$ 3.92 billion). Emaar Development now has a sales backlog of around AED 41 billion (US$ 11 billion) as of December 31, 2017, highlighting the robust fundamentals of the company with more than 24,000 residential units to be delivered over the coming years.
Resort-style Living at Emaar Beachfront
- Access to 1.5 km of pristine beach
- Access to an infinity pool with breathaking views of Dubai Marina, a gymnasium, and more
- In proximity to vibrant promenade, nearby marinas, yacht clubs, malls and dining destinations
- 1-4 bedroom premium apartments
- PART OF THE FUTURE DUBAI FORMULA ONE RACE TRACK
- 100M MARINA BIRTHS (LARGEST IN THE MIDLE EAST)
The meticulously master-planned Emaar Beachfront is cradled between two of Dubai’s most desirable destinations, Dubai Marina and areas of new Dubai. Due to the prime location, residents of Sunrise Bay will have easy access to the shimmering beaches, marinas, yacht clubs, malls and dining venues of the Marina and surrounding neighbourhoods. Sunrise Bay also allows for easy access to Sheikh Zayed Road and the city.
Sunrise Bay at Emaar Beachfront is a premium twin tower of 26 storeys set only a few steps away from the glimmering bay and a vibrant marina. The beautifully crafted building, inspired by modern yachting culture, blends artfully with its beachfront setting. Select between 1, 2, 3 and 4 bedroom apartments with breathtaking sunrise views.
The apartments range from 670 sq. ft. for 1-bedroom homes to 2,150 sq. ft. for 4-bedroom residences. The two towers are conveniently connected to each other through a podium deck with world-class sports facilities and private parking spaces. All residents of Sunrise Bay will have access to several retail and healthcare facilities at the ground level.
Taking cues from the surrounding material context and reinterpreting this palette into an understated yet elegant form, Sunrise Bay is built for homeowners with a refined, modern taste. Easy-going textures and a refreshing palette of creams, greys, and tons of white are at the heart of Sunrise Bay’s sophisticated design.
+44 207 442 5596
+971 50 888 9265
CBLR IS A REGISTERED AGENCY AUTHORISED TO OFFER ON BEHALF OF THE DEVELOPER