The share of Emaar Properties, listed on the Dubai Financial Market, jumped during trading today, Tuesday, after news indicating the company's intention to launch a residential tower within its Beach Front project, which includes more than 20 residential towers, in addition to a luxury hotel, and is considered one of the most important projects under completion in the UAE. .
And by 11:44 am UAE time, Emaar Properties' share, which is ranked among the heaviest in the general index of the Dubai Financial Market , rose by 1.31 percent, reaching a price of 6.17 dirhams.
According to market data, the stock witnessed at that hour of trading today a volume of 4.042 million shares, with a value of 24.763 million dirhams.
Emaar Properties is preparing to launch tomorrow, Wednesday, a new tower under the name Bay View from Address Resorts, as part of its Beach Front project.
Emirates Today newspaper mentioned in a recent report that the new tower consists of 64 floors and includes 356 units of furnished apartments.
The Emaar Beach Front project, located between Jumeirah Beach Residence and Palm Jumeirah, includes more than 20 residential towers and hotels.
Mohamed Alabbar, founder of Emaar Properties, said last February that the group is about to launch a new project in Dubai worth 25 billion dirhams.
Al-Abbar explained that the group is seriously looking for investment opportunities in Egypt during the current period, adding that we are seriously considering new investment opportunities in Egypt, and I invite everyone to search for distinguished investment opportunities in Egypt.
The profits of Emaar Properties increased by 43 percent at the end of the first quarter of this year, compared to the profits of the first quarter of last year.
The company stated that its profits amounted to 3.206 billion dirhams at the end of the first quarter of 2023, compared to profits of 2.239 billion dirhams at the end of the first quarter of 2022.
