Constructora EMAAR (Dubai)
Emaar Properties is perhaps best known for developing the world’s tallest building. The tower known as Burj Khalifa opened in Dubai in 2010, reaches more than 2,700 ft., and includes 160 stories. Other Emaar projects include residential and commercial developments throughout the Middle East as well as in Europe, North Africa, North America, and Asia. Its residential properties range from one-bedroom apartments to seven-bedroom villas, primarily in the United Arab Emirates. Since it began operating in 1997, Emaar has built some 16,000 homes.
Current P/E Ratio (ttm) 10.0938
Estimated P/E (12/2012) 10.2215
Earnings Per Share (AED) (ttm) 0.3200
Est. EPS (AED) (12/2012) 0.3160
Est. PEG Ratio 2.9800
Market Cap (M AED) 19,674.70
Shares Outstanding (M) 6,091.24
Enterprise Value (M AED) (ttm) 26,294.35
Enterprise Value/EBITDA (ttm) 7.43
Price/Book (mrq) 0.6127
Price/Sale (ttm) 2.3546
Dividend Indicated Gross Yield 3.0960
Next Earnings Announcement 07/26/2012
Emaar Properties provides property development, acquisition, and management services of both commercial and residential property throughout the Middle East
September 9th, 2011
The company posted a 69 per cent decline in net profits for the second quarter of this year, which is obviously not good news. However, the decline was largely put down to the equity-hit the company took for writing off its 30 per cent stake in Dubai Bank, which was taken over by the government earlier in the year. This is being reported as good for the company, because it removes a “corporate distraction” and absolves the firm of any further calls for equity injection. In short: allowing the developer to concentrate on development.
According to the report the net profits of the UAE’s largest developer by market value fell from Dh802 million in the second quarter of 2010 to Dh250 million in the second quarter of 2011. First half profits fell 57% from Dh 1.56 billion last year to Dh671 million this year. During the same period fell by more than 50% from Dh0.26 in the first half of 2010, to Dh0.11 in the first half of 2011.
Also a factor in Emaar’s decline was the fact that it handed over fewer units than it has been doing. In the second quarter of 2011 the firm handed over 244 units, this is compared to 612 units in Q2 2010, and also less than the 270 handed over in Q1 2011. This is also bad news in the sense that high figures on what developers like Emaar are handing over are necessary to keep up confidence in a market shattered by failures to complete.
Emaar’s apartment sales pick up in Q2, Dubai developer says revenue from apartment sales more than doubled, off-setting drop from commercial units, villas
Que opinais de los fundamentales?
Dubai’s Emaar announces plan to build new five-star hotel
Address The BLVD will be Emaar’s third property in Downtown; mix of hotel rooms and serviced apartments
Is Emaar the Apple of property?
Emaar has become the Apple of the property industry, and in many ways, its latest Address project is its own iPhone 5
http://www.arabianbusiness.com/is-emaar … 74599.html
"equates to an incredible AED2,650 per square foot, more than double the average in the area"
"They were, like many hundreds, if not thousands of other people, making their way down to Downtown Dubai, where Emaar had just begun selling properties on its latest development, The Address,The Boulevard."
"We could argue forever about the difference in quality between the two, but fundamentally, the difference is down to the Emaar brand. Over the past few years, it has established itself as the region’s premium real estate company. If you buy or live in an Emaar property, you feel sure it is well built, well serviced and most of all, if sold off plan, will be delivered on time. Emaar is a trusted brand, the type we aspire to be part of. "
"The company’s net profit surged 36.5 percent to AED767m for the half-year ended 30 June 2012 from AED562m in same period last year."
Emaar to build $820m Egypt retail project in JV
Dubai developer will partner with Al Futtaim Group to build Cairo Gate project
Fotos de Cityscape 2012 en Dubai:ImageUploadedByTapatalk1349371691.569907.jpgImageUploadedByTapatalk1349371717.157997.jpgImageUploadedByTapatalk1349371752.405965.jpgImageUploadedByTapatalk1349371777.648972.jpgImageUploadedByTapatalk1349371820.701338.jpgImageUploadedByTapatalk1349371843.339516.jpg
Dubai’s Emaar Properties launched its Boulevardi project in Turkey, a mixed-use development made up of more than 1,000 luxury homes and a 190-room five-star hotel. The firm also said it plans to build a retail and entertainment complex outside Cairo in an $820m tie-up with UAE property firm Al-Futtaim Group. Iraq’s construction and housing minister also confirmed the Dubai-based developer will establish a new joint venture with the Iraqi government to develop housing in the war-torn country.ImageUploadedByTapatalk1349375032.232216.jpg