“Standard & Poor’s” and “Moody’s” raises the credit rating of “Emaar”

Emaar Real Estate Company, which is listed in the Dubai Financial Market under the symbol «EMAAR), has announced that both Standard & Poor Global Credit Code Strategy.

A statement yesterday stated that “Standard & Poor’s” raised the long -term credit rating of “Emaar” from the degree of “BBB” to the degree of “BBB+”, with a stable future look, while Moody’s raised the long -term credit rating of the company from the degree of “Baa2” to the degree of “Baa1” with a stable future look, which reflects the established financial foundations of Emaar, and its performance The stable, its proper strategic orientation, as it included this update for the credit rating of Emaar from the “Standard & Poor’s” and “Moody’s” agents, the excellent unconscious debts of the company.

According to the statement, Emaar’s revenues from real estate sales accumulated from projects under completion, until March 2025, amounted to about 127 billion dirhams (34.6 billion dollars), which constituted a clear vision of the company’s revenues and cash flows until 2028. The asset portfolio that generates continuous revenues for the company continues to expand, supported by high executive efficiency, processes of operations, and the diversity of sources Income.

The rating of the classification by Standard & Poor’s was based on the unprecedented rise in the accumulated sales of projects under completion, which amounted to 110 billion dirhams (29.9 billion dollars) to December 2024, in addition to the stability of pre -sale operations that reached 65.4 billion dirhams (17.8 billion dollars) during the year 2024, as well as the company’s net cash center, low levels of debt, margins Its strong profits before calculating benefits, taxes, consumption and destruction.

In turn, Moody’s indicated the noticeable decrease in the average debt of Emaar from 2020 to March 2025, in addition to the decline in the percentage of debt to property rights during the same period.

“We cherish this positive evaluation from the” Standard & Poor’s “agencies and (Moody’s), which confirms the success of the company’s strategy, the high quality that is distinguished by its assets, and our commitment to disciplined financial management.”

He added: «Reaching this distinguished classification not only reflects the strength of our performance, but also embodies confidence in the economy of Dubai and its real estate market. We, in turn, will continue our commitment to sustainable growth and innovation and achieve an exceptional value for the company’s shareholders and everyone who invested in it. ”

• Emaar rating rose to “BBB+” and “Baa1” with a stable future look.