Property giant confirms it is more focused on joint ventures including Indian conglomerate Adani Group<\/p>\n\n\n\n
Property giant Emaar on Thursday said that it is \u201cno longer considering the sale\u201d of stake in its Indian subsidiary and is more focused on joint ventures including Indian conglomerate Adani Group.<\/p>\n\n\n\n
The Dubai-based developer\u2019s statement was issued in a clarification posted on the Dubai Financial Market (DFM) \u2014 where it is listed \u2014 after London-based Financial Times reported that Emaar Properties is considering buying firms in the US, India, and China.<\/p>\n\n\n\n
Earlier this year, Emaar confirmed talks with Adani Group and others about selling its Indian subsidiary, Emaar India.<\/p>\n\n\n\n
Indian news agency PTI reported earlier this year that billionaire Gautam Adani’s group was in advanced talks to acquire Emaar India for an enterprise value of about $1.4\u2013$1.5 billion (Dh5.1\u20135.5 billion).<\/p>\n\n\n\n
\u201cEmaar is no longer considering the sale of any stake in its Indian entity. Alternatively, the company is considering a joint venture with other large real estate companies\/groups in India, including Adani Group,\u201d the UAE\u2019s largest developer said in the statement.<\/p>\n\n\n\n
Emaar India reported Rs1,340.8 million net losses after tax for the financial year ended on March 31, 2024. It reported total revenues of Rs29,137 million at the end of the 2024 financial year as compared to Rs18,319 million in the previous year.<\/p>\n\n\n\n
In addition, the master developer said in the statement to DFM on Thursday that it regularly evaluates several strategic options, including international investments to increase shareholders returns. \u201cHowever, currently there is no such transaction in process.\u201d<\/p>\n\n\n\n
\u201cAny investment decision will be dependent on Emaar\u2019s strategic objective of maintaining a strong balance sheet and positive returns to its shareholders, including dividends,\u201d said the statement.<\/p>\n\n\n\n
Emaar\u2019s financial results for 2024 reflected strong operational performance and continued growth across its key business segments. The company recorded property sales of approximately Dh70 billion, representing a 72 per cent increase compared to 2023. Emaar\u2019s revenue backlog from property sales exceeded Dh110 billion, supporting future revenue generation.<\/p>\n\n\n\n
Total revenue for 2024 reached Dh35.5 billion, marking a 33 per cent year-over-year increase, while net profit before tax grew by 25 per cent to Dh18.9 billion.<\/p>\n\n\n\n
Source: Khaleej Times<\/strong><\/p>\n\n\n\n Published: 18 September 2025<\/strong><\/p>\n\n\n\n <\/p>","protected":false},"excerpt":{"rendered":" Property giant confirms it is more focused on joint ventures including Indian conglomerate Adani Group Property giant Emaar on Thursday said that it is \u201cno longer considering the sale\u201d of stake in its Indian subsidiary and is more focused on joint ventures including Indian conglomerate Adani Group. The Dubai-based developer\u2019s statement was issued in a […]<\/p>","protected":false},"author":7,"featured_media":32166,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1457,4533,4532,2564,4531],"class_list":["post-32165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-dubai-investments","tag-emaar-dubai","tag-india-business","tag-property-market","tag-real-estate-news"],"_links":{"self":[{"href":"https:\/\/elite-bricks.com\/es\/wp-json\/wp\/v2\/posts\/32165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elite-bricks.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elite-bricks.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elite-bricks.com\/es\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/elite-bricks.com\/es\/wp-json\/wp\/v2\/comments?post=32165"}],"version-history":[{"count":1,"href":"https:\/\/elite-bricks.com\/es\/wp-json\/wp\/v2\/posts\/32165\/revisions"}],"predecessor-version":[{"id":32167,"href":"https:\/\/elite-bricks.com\/es\/wp-json\/wp\/v2\/posts\/32165\/revisions\/32167"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elite-bricks.com\/es\/wp-json\/wp\/v2\/media\/32166"}],"wp:attachment":[{"href":"https:\/\/elite-bricks.com\/es\/wp-json\/wp\/v2\/media?parent=32165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elite-bricks.com\/es\/wp-json\/wp\/v2\/categories?post=32165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elite-bricks.com\/es\/wp-json\/wp\/v2\/tags?post=32165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}