{"id":33268,"date":"2016-11-06T22:26:53","date_gmt":"2016-11-06T15:26:53","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=33268"},"modified":"2016-11-06T19:41:27","modified_gmt":"2016-11-06T12:41:27","slug":"emaar-malls-reports-higher-profit-on-rental-income","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-malls-reports-higher-profit-on-rental-income\/","title":{"rendered":"Emaar Malls reports higher profit on rental income"},"content":{"rendered":"


\nEmaar Malls reported a 16 per cent rise in third-quarter net profit to Dh435 million as rental income increased.The shopping malls and retail business majority owned by global property developer Emaar Properties, said that rental income for the three months to the end of September 2016 increased 8 per cent compared with a year earlier to stand at Dh774m.For the nine-month period to the end of September 2016, Emaar Malls net profit advanced 16 per cent to Dh1.4 billion, while rental income was up 10 per cent compared with a year earlier at Dh2.39bn.The company, which was spun off from Dubai property developer Emaar in 2014, also reported that finance costs had fallen substantially over the period, dropping 15 per cent for the quarter to Dh51m and 19 per cent for the nine-month period to Dh147m.Emaar Malls said that occupancy levels across its 6 million square foot portfolio, which includes The Dubai Mall, Dubai Marina Mall and Dubai’s Souq Al Bahar and Gold & Diamond Park as well as other community retail, averaged 96 per cent during the first nine months of 2016, similar to the levels last year.Mohamed Alabbar, chairman of Emaar Malls and Emaar Properties, said that the results had been catalysed by “the rob\u00adust economic environment of Dubai”.lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Emaar Malls reports higher profit on rental income<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Emaar Malls reported a 16 per cent rise in third-quarter net profit to Dh435 million...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-33268","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8EA","jetpack-related-posts":[{"id":11402,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-emaar-malls-q1-net-profit-grows-22-per-cent\/","url_meta":{"origin":33268,"position":0},"title":"Dubai's Emaar Malls Q1 net profit grows 22 per cent","date":"April 26, 2016","format":false,"excerpt":"\r Dubai's Emaar Malls, a unit of Emaar Properties, reported a 22 per cent rise in first-quarter net profit on Tuesday as its rental income grew.Emaar Malls made a net profit of Dh529 million in the three months to March 31, up from Dh433m in the same period a year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-emaar-malls-second-quarter-profit-up-11-2\/","url_meta":{"origin":33268,"position":1},"title":"Dubai's Emaar Malls second-quarter profit up 11.2%","date":"July 27, 2016","format":false,"excerpt":"\r Dubai's Emaar Malls, a unit of Emaar Properties which operates high-end retail facilities including Dubai Mall, reported an 11.2 per cent rise in second-quarter net profit on Wednesday.Emaar Malls made a net profit of Dh458 million in the three months to June 30 compared with a profit of Dh412m\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4023,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rise-in-profit-for-dubais-emaar-malls-less-than-expected\/","url_meta":{"origin":33268,"position":2},"title":"Rise in profit for Dubai's Emaar Malls less than expected","date":"February 8, 2016","format":false,"excerpt":"\r \r The tills may still be ringing and the droves of tourists still arriving, but Dubai's retail juggernaut showed signs of slowing slightly yesterday as fourth-quarter profit at the emirate's largest shopping centre owner missed analysts' expectations. Profit for the quarter ended December at Emaar Malls Group, which owns\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54735,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-residential-launches-lift-profit-amid-positive-economy\/","url_meta":{"origin":33268,"position":3},"title":"Emaar residential launches lift profit amid 'positive economy'","date":"May 14, 2017","format":false,"excerpt":"\r A spike in the value of sales of new residential property in Dubai helped lift first-quarter profit for developer Emaar amid what its chairman calls a positive economic environment in the emirate. The developer said that its preliminary net profit for the first three months was 15 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54719,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-property-sales-lift-emaars-first-quarter-profit\/","url_meta":{"origin":33268,"position":4},"title":"Dubai property sales lift Emaar's first-quarter profit","date":"May 14, 2017","format":false,"excerpt":"\r Emaar Properties' first-quarter profit were lifted by 15 per cent from a year earlier as sales spiked for new residential properties in Dubai.The Burj Khalifa developer said that its net profit was Dh1.38 billion in the first three months of the year, up from Dh1.2bn, as property sales began\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7756,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-increases-rent-in-shopping-spaces-including-the-dubai-mall\/","url_meta":{"origin":33268,"position":5},"title":"Emaar increases rent in shopping spaces including The Dubai Mall","date":"March 13, 2016","format":false,"excerpt":"\r \r One of Dubai's biggest landlords of shopping space has increased rents for retailers already tackling a slowdown in economic activity in the emirate. Emaar Malls, 84 per cent owned by parent Emaar, has raised rents at its properties, which include \"trophy asset\" The Dubai Mall, by 14 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/33268"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=33268"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/33268\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=33268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=33268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=33268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}