Dubai - Mubasher: Emaar Properties on Monday announced that its project backlog is valued at AED 42.977 billion ($11.7 billion).
The most prominent project in the backlog is Dubai Hills Estate project, which is a joint venture (JV) with Meraas Holding and covers an area of 11 million square metres, Emaar indicated in a statement.
The company is working now on its six-square kilometre The Tower project in Dubai Creek, a JV with Dubai Holding.
Emaar previously launched Emaar South, a project that is part of Dubai South.
The Dubai-listed developer owns a lands worldwide with a a total area of 190 million square metres, including 24 million square metres in the UAE.
Since 2001, Emaar Properties delivered about 41,500 residential units, of which 33,947 were in Dubai.
The UAE's largest developer previously reported achieving net profits worth AED 5.233 billion and revenues of AED 15.540 billion in 2016.
