Dear valued associates and esteemed clients,
As we reflect on our journey through the first quarter of 2023, we're thrilled to share a remarkable achievement that your support and trust have made possible. Real Estate Masters has been ranked as the Top 6th Broker in Dubai by Emaar for Q1 2023, a testament to our unwavering dedication to our clients and relentless pursuit of excellence in Dubai's real estate market.
This triumph comes from Emaar's impressive Q1 2023 performance, which saw a 43% increase in net profit and property sales of AED 9.2 billion ($2.5 billion) . The property sales backlog reached a staggering AED 55.7 billion (US$ 15.2 billion), setting the stage for robust revenues in the years to come .
Earning a position among Emaar's top brokers is a significant milestone for us," says Mohammad Aleter, Founder & Chairman of Real Estate Masters. He also adds, "This achievement reflects our commitment to our client's success, our deep understanding of Dubai's real estate market, and our strategic partnership with Emaar."
Emaar's Shopping Mall, Retail, and Commercial Leasing divisions also demonstrated strong performance with a 7% revenue increase, reaching AED 1.4 billion (US$ 388 million), bolstered by high tenant sales growth and over 95% occupancy rate in prime mall assets .
Furthermore, Emaar's Hospitality, Leisure, and Entertainment businesses recorded a revenue of AED 884 million (US$ 241 million) in Q1 2023, reflecting a growth of 17% compared to Q1 2022. Collectively, Emaar's recurring revenue-generating businesses, including malls, hospitality, leisure, entertainment, and leasing, contributed to 37% of Emaar's overall revenue .
As one of the world's largest real estate companies with a land bank of 1.7 billion sq. ft. in the UAE and key international markets, Emaar continues to shape the real estate landscape of Dubai and beyond . Our association with such an industry giant reinforces our commitment to aligning with the best and delivering exceptional service to our clients.
Standing among Emaar's top brokers reflects our dedication to the growth of Dubai's real estate market, our depth of expertise, and our commitment to our client's success. We are immensely proud of this achievement and extend our heartfelt gratitude to our team, partners, and clients who have made this possible.
As we look ahead, Real Estate Masters Dubai is excited about the opportunity to continue serving you with the same dedication and passion that have brought us to where we are today. Thank you for your continued support and trust.
.jpg)