The DFM-listed Dubai Investments has introduced a 55% p.c improve in Q1 2023 internet revenue to AED314.45 million, in comparison with AED202.55 million throughout the corresponding interval of 2022.
The full revenue for the Group elevated to AED1.02 billion in comparison with AED761.04 million throughout the first quarter of 2022, a rise of 34 p.c. Complete shareholder fairness additionally elevated to AED13.16 billion, in comparison with AED12.28 billion throughout the identical interval in 2022. Complete Belongings for the Group remained secure at AED 20.96 billion.
Khalid Bin Kalban, Vice Chairman and Chief Government Officer of Dubai Investments, stated, “Dubai Investments continues to ship sturdy and sustainable outcomes fueled by the Group’s strategic initiatives and skill to capitalize on key alternatives. The response to Danah Bay, our premium beachfront growth within the emirate of Ras Al Khaimah, has exceeded all expectations and we’re wanting ahead to launching the following section. We’re additionally progressing effectively with our enlargement into different geographies and enhancing inside capabilities whereas constructing on present companies. With the economic system experiencing strong development and powerful upward trajectory in the true property sector, Dubai Investments is strategically positioned to capitalize on these favorable circumstances.”
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