Mina Rashid a Dream Come True
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Emaar Development PJSC and Its Subsidiaries
Emaar Development PJSC and its Subsidiaries CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Emaar Development PJSC and its Subsidiaries Consolidated Financial Statements For the Year Ended 31 December 2020 Table of Contents Pages Directors’ Report 1 - 2 Report on Audit of Consolidated Financial Statements 3 - 9 Consolidated Statement of Comprehensive Income 10 Consolidated Statement of Financial Position 11 Consolidated Statement of Changes in Equity 12 - 13 Consolidated Statement of Cash Flows 14 Notes to the Consolidated Financial Statements 15 – 44 KPMG Lower Gulf Limited The Offices 5 at One Central Level 4, Office No: 04.01 Sheikh Zayed Road, P.O. Box 3800 Dubai, United Arab Emirates Tel. +971 (4) 4030300, www.kpmg.com/ae Independent Auditors’ Report To the Shareholders of Emaar Development PJSC Report on the Audit of the Consolidated Financial Statements Opinion We have audited the consolidated financial statements of Emaar Development PJSC (“the Company”) and its subsidiaries (“the Group”), which comprise the consolidated statement of financial position as at 31 December 2020, the consolidated statements of comprehensive income, changes in equity and cash flows for the year then ended, and notes, comprising significant accounting policies and other explanatory information. In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at 31 December 2020, and its consolidated financial performance and its consolidated cash flows for the year then ended in accordance with International Financial Reporting Standards (IFRS). Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). -
Week 34 SUNDAY, 25 AUGUST 2019
Week 34 SUNDAY, 25 AUGUST 2019 ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY BUILDING CONSULTANCY OWNER ASSOCIATION REAL ESTATE NEWS UAE / GCC / MENA DH50.6 BILLION WORTH OF PROJECTS ANNOUNCED IN GCC IN JULY REVEALED: HOW FAR UAE PROPERTY PRICES HAVE FALLEN SO FAR IN 2019 UAE HAS 54,438 HOTEL ROOMS IN PIPELINE UAE BANKS' EXPOSURE TO REALTY DECLINES UAE CONSTRUCTION SECTOR TO GROW UP TO 10% IN 2020 ARABIAN CENTRES' PROFITS REACH $60.53M JEDDAH HOTEL OCCUPANCY RATE HITS NEAR-3 YEAR HIGH IN JULY WEWORK COMPETITOR KNOTEL RAISES $400M FROM KUWAITI FUND FROM 7.9% TO 6%: UAE BANKS GET KIND OF GENEROUS ON MORTGAGES DUBAI CHINA’S APPETITE FOR DUBAI PROPERTY GROWS AMID STRENGTHENING OF SINO- UAE TIES DUBAI'S EMAAR BUYS REMAINING 35% OF RESORT DEVELOPER MIRAGE: EXCLUSIVE DUBAI TO SPEND OVER $75.4M ON LANDSCAPING PROJECTS FOR EXPO 2020 SITE DAMAC IN TALKS WITH DICO OVER AL SUFOUH, BUSINESS BAY LAND PLOTS FLEXIBLE WORKSPACES ADAPT TO UAE’S NEW-GEN WORKERS AFFORDABLE LUXURY: DUBAI HOME BUYERS LOOK TO UPGRADE AS PRICES CONTINUE TO FALL AL QUDRA RESIDENTS WELCOME RTA PLANS FOR FLYOVER, BRIDGES AND WIDER LANES VILLA SALES RISE IN DUBAI AS CHEAPER STOCK COMES ONTO THE MARKET HOMEFRONT: 'WHAT ARE THE BEST PLACES TO LIVE IN DUBAI FOR A NEW ARRIVAL?' LUXURY DUBAI PROPERTY PRICES EDGE UPWARDS IN Q2 UAE DEVELOPER AZIZI APPOINTS NEW CFO TO DRIVE FINANCIAL STABILITY ABU DHABI | AL AIN | DUBAI SHARJAH | JORDAN | KSA 34+ YEARS IN THE MIDDLE EAST © Asteco Property Management | 2019 | asteco.com Page 1 ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY BUILDING -