Construction & Real Estate

Emaar’s sales backlog at $49bn, collection rate at 98%, says Alabbar

Emaar Properties' sales backlog - the value of property sales yet to be recognised as revenue - stood at around AED180 billion ($49 billion), while indicating its collection rate reached 98% last year, recovering from a temporary decline during the regional tension, said Emaar Properties Founder and Managing Director Mohamed Alabbar....