Company discusses its operational performance and celebrates its milestones
DUBAI, UAE, 10 July 2024: Emaar Properties held its mid-year internal staff rally, a quarterly gathering where Emaar’s leadership reviews and shares the company’s operational performance and the way forward with the staff. Making the announcement through a Press Release, Emar said it presented significant milestones and achievements across all areas of its operations.
Mohamed Alabbar, Founder and Managing Director, Emaar Properties, commenting on the company’s performance in the first half of 2024, said: “Our performance in H1 2024 shows Emaar’s relentless pursuit of excellence and innovation. We are not just managing businesses; we are shaping legacies and transforming communities for a prosperous future.”
Emaar reported 30 launches, resulting in the sale of 8,400 units within the first six months, representing 56% growth. Emaar said it partnered with 995 agencies and trained 5,945 agents through the Emaar Academy to achieve such growth. Projects such as Address Residences Zabeel and Palace Residences Dubai Hills Estate sold 2,500 units each in just seven days, Emaar said.
Emar said it awarded 50 construction contracts worth AED 8.7 billion. Additionally, Emaar said, Burj Khalifa achieved LEED Platinum certification for sustainable construction, further showcasing Emaar’s commitment to sustainability.
According to Emaar, Dubai Mall is recognised as the most visited place on Earth in 2023 with 105 million visitors. In H1, 2024, the mall recorded an eight per cent increase in footfall as compared to the same period in 2023, Emaar said. The Dubai Opera recorded record-breaking attendance, attracting 250,000 spectators, Emaar said. The Marassi Aquarium & Underwater Zoo and the first IMAX with laser in Bahrain’s Reel Cinemas highlighted its entertainment experiences, Emaar said.
Emaar said the company conducted 2,331 fire safety and emergency preparedness training sessions and trained 6,561 Emaar and retailer staff. The Emaar Community Management effectively managed water accumulation during the heavy rainfall in April, ensuring continuous support and recovery for affected communities, the company said, adding that it offered free repairs for all residential units within its communities that were affected by the heavy rains, with more than 4,500 homes being repaired until the end of June 2024.
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