Emaar has recorded an annual net profit of US$1.735 billion compared to US$1.288 billion at the end of 2005, a rise of 35%. Annual revenue increased by 68% from US$2.276 billion to US$3.813 billion.
Emaar purchased Hamptons International (the estate agency of whom Hamptons Mortgages is a part) in a US$153.05 million deal in 2006.
Jonathan Cornell, technical director at Hamptons Mortgages, commented: “Hamptons Mortgages is now part of one of the biggest and best performing property companies in the world. The strength of the parent group will be a key factor in our continued growth in the future.”
