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Tag: Emaar Development

  • Emaar Books Dh26.6 Billion in H1 Property Sales

    Emaar Books Dh26.6 Billion in H1 Property Sales

    The Dubai-listed developer reported EBITDA of Dh12.9 billion for the six months ended June 30, up 24 percent year-on-year, while net profit before tax increased 23 percent to Dh12.8 billion compared with the same period in 2025.

    The Dh164.9 billion property sales backlog was 13 percent higher year-on-year and reflects sales that are expected to be recognised as projects progress and units are delivered, positioning Emaar with multi-year revenue visibility.

    UAE Development Business Drives Performance

    Emaar’s UAE build-to-sell business, led by Emaar Development, recorded Dh22.4 billion in property sales during the first half, underscoring sustained demand across Dubai’s residential property market.

    Emaar Development generated revenue of Dh13.3 billion, up 34 percent year-on-year, while net profit before tax increased 41 percent to Dh7.8 billion.

    Including other UAE development operations such as Dubai Creek Harbour, consolidated revenue from the group’s UAE property development business reached Dh17.7 billion, an increase of 30 percent.

    The UAE development revenue backlog stood at Dh135.7 billion at the end of June, up 6 percent from the same period in 2025, reflecting strong pre-sales across the developer’s project portfolio.

    Emaar launched 11 projects during the first half across Emaar South, Dubai Hills Estate, The Heights Country Club, The Oasis, Rashid Yachts & Marina and Expo Living. The company also announced a new Dh200 billion masterplan during the period, adding to its longer-term development pipeline.

    Our first half results reflect the discipline, consistency, and long-term approach that define Emaar. Dubai never stands still, and neither do we. Every phase of the city’s growth creates new opportunities to raise expectations and redefine experiences. Emaar’s role is to continue building destinations that reflect Dubai’s ambition while maintaining the quality, innovation, and operational excellence that have shaped our business from the beginning.

    Mohamed Alabbar, founder of Emaar

    Large Development Land Bank Supports Pipeline

    The group held approximately 590 million square feet of mixed-use development land, including about 316 million square feet in the UAE, providing a substantial platform for future project launches.

    Its international development operations recorded Dh4.2 billion in property sales during the first half, with revenue reaching Dh1.1 billion, up 8 percent year-on-year.

    International operations accounted for about 4.6 percent of Emaar’s total revenue during the period, with Egypt and India among its key markets.

    Malls Maintain 98 Percent Occupancy

    Emaar’s shopping malls, retail and commercial leasing business generated Dh3.5 billion in revenue during the first half, an increase of 9 percent year-on-year.

    EBITDA from the segment rose 10 percent to Dh3.1 billion, while average occupancy across the portfolio remained at about 98 percent at the end of June.

    The company said leasing income remained supported by a predominantly base-rent structure despite a moderation in tenant sales.

    Emaar’s hospitality, leisure and entertainment business generated Dh1.6 billion in revenue during the period, while its UAE hotels recorded average occupancy of 60 percent.

    The group said softer international tourism flows affected the hospitality portfolio, with local and domestic demand providing some support.

    Recurring Revenue Portfolio Stable

    Recurring revenue from Emaar’s malls, hospitality, leisure, entertainment and commercial leasing assets stood at Dh5.1 billion, broadly unchanged from the first half of 2025.

    EBITDA from the recurring revenue portfolio was Dh4 billion and accounted for about 31 percent of total group EBITDA, providing a stable earnings base alongside the developer’s project sales.

    The results underscore Emaar’s position as Dubai’s largest developer by sales value, with performance aligning with broader market trends that saw the emirate complete 24,800 residential units during the first half of 2026 and record Dh221.4 billion in transaction values across 79,300 deals.

  • Emaar Properties Records Dh22.4 Billion in Q1 2026 Sales

    Emaar Properties Records Dh22.4 Billion in Q1 2026 Sales

    Dubai’s leading real estate developer demonstrated robust performance in Q1 2026, with total revenue reaching Dh12.4 billion—a 23% jump compared to the same period in 2025. The growth was supported by strong contributions from both UAE and international operations.

    Emaar’s subsidiary, Emaar Development, recorded property sales of Dh20.1 billion during the quarter, representing a 22% increase year-on-year. The company’s net profit climbed to just under Dh3.5 billion, a 36% surge from Q1 2025.

    As of March 31, 2026, Emaar’s revenue backlog stood at approximately Dh163.4 billion, reflecting a 29% annual increase and providing strong revenue visibility for the coming years. Emaar Development’s backlog reached Dh134.6 billion, up 35% from the prior year.

    “Our performance in the first quarter of 2026 reflects the strength and resilience of the UAE economy, which continues to provide a stable foundation despite broader regional volatility,” said Mohamed Alabbar, founder of Emaar.

    Alabbar emphasized that recent geopolitical developments have reinforced the UAE’s position as a market defined by safety, institutional continuity, and long-term vision. “The UAE’s stability is the result of decades of wise leadership, sustained investment in world-class infrastructure, and a clear, business-friendly policy environment,” he added.

    Despite regional tensions affecting the quarter’s final weeks, Emaar Development maintained construction schedules across all ongoing projects. The company launched 10 new residential projects across its master-planned communities in response to evolving market demand.

    The developer recently distributed a dividend equivalent to 100% of its share capital to shareholders, amounting to Dh8.9 billion—marking the second consecutive year of such a payout.

    Emaar’s Q1 performance aligns with broader market trends showing Dubai’s property sector resilience, as the emirate’s real estate market continues to attract sustained investor interest. The company’s strong backlog and project pipeline position it well to capitalize on Dubai’s robust Q1 market activity, which saw total transactions exceed Dh180 billion across the emirate.

  • Emaar Properties Reports Record 2025 Results with Dh80.4 Billion Sales

    Emaar Properties delivered its strongest financial performance to date in 2025, with growth accelerating across all business segments including property development, retail, hospitality, and international operations.

    The Dubai-based developer reported a 16% year-on-year increase in property sales to Dh80.4 billion ($21.9 billion), while total revenue climbed 40% to Dh49.6 billion ($13.5 billion). Net profit before tax rose 36% to Dh25.7 billion ($7 billion), and EBITDA reached Dh25.6 billion ($7 billion), marking a 33% increase from 2024.

    Revenue backlog surged 39% to Dh155 billion ($42.1 billion), providing substantial visibility on future earnings and demonstrating sustained market confidence.

    “Our 2025 results were shaped by a business environment that enables ambition and rewards long-term thinking. The UAE Government and the city of Dubai have created a framework built on stability, clear regulation, and openness to global investment, allowing companies like Emaar to plan with confidence, scale responsibly, and focus on execution,” said Mohamed Alabbar, Emaar founder.

    Domestic Development Drives Growth

    Emaar Development PJSC recorded Dh71.1 billion ($19.4 billion) in UAE property sales, representing a 9% increase from 2024. Revenue from domestic projects reached Dh36.4 billion ($9.9 billion), while net profit before tax grew an impressive 52% to Dh15.5 billion ($4.2 billion).

    The company launched 48 new residential projects throughout the year, including high-profile developments such as Grand Polo Club and Resort, The Valley, and Bristol at Emaar Beachfront. The UAE backlog stood at Dh134.3 billion ($36.6 billion), reflecting strong pre-sales momentum.

    These results align with broader market trends, as Dubai’s property sector continues its upward trajectory with record-breaking transaction volumes.

    International Expansion Accelerates

    International property sales experienced exceptional growth, surging 124% to Dh9.3 billion ($2.5 billion), with revenue of Dh2.6 billion ($0.7 billion) generated across operations in Egypt and India. This expansion demonstrates Emaar’s successful geographic diversification strategy beyond its home market.

    Recurring Revenue Streams Strengthen

    Emaar’s malls and retail leasing revenue increased 13% to Dh6.3 billion ($1.7 billion), maintaining an impressive 98% occupancy rate across its portfolio. The hospitality, leisure, and entertainment segment recorded revenue of Dh4.2 billion ($1.1 billion), up 12%, supported by higher tourism inflows and the addition of three new hotels.

    Combined recurring revenue from malls, hotels, and commercial leasing reached Dh10.5 billion ($2.8 billion), reflecting a 13% increase and strengthening the company’s diversified income base.

    The record performance comes as Dubai’s property market demonstrates exceptional momentum, with investor confidence remaining robust amid favorable regulatory frameworks and economic stability.

    Emaar’s 2025 results reinforce the company’s market leadership position and highlight the sustained appeal of Dubai real estate as a destination for both end-users and investors seeking long-term value in a transparent, well-regulated environment.

  • Emaar Posts Strongest-Ever Results as Revenues Climb 44%

    Emaar Posts Strongest-Ever Results as Revenues Climb 44%

    Emaar Development has concluded 2025 with unprecedented financial results, demonstrating the continued strength and attractiveness of Dubai’s real estate market. The company’s performance reflects robust demand for homes and strategic expansion across various communities.

    Key financial highlights include:

    • Property sales reached Dh71.1 billion, the highest ever and a 9% rise from 2024
    • Revenues climbed 44% to Dh27.5 billion
    • Net profit before tax jumped 52% to Dh15.5 billion
    • Revenue backlog grew to Dh125.2 billion, indicating strong future earnings

    In 2025, the company significantly expanded its land bank, acquiring 36 million square feet of land with an estimated development value of Dh120 billion. Emaar launched more than 48 residential projects across master-planned communities, including new phases in The Valley, Bristol at Emaar Beachfront, and the Grand Polo Club and Resort.

    A notable announcement was Emaar Hills, a new master-planned district featuring Dubai Mansions, a collection of ultra-luxury homes targeting high-net-worth global buyers. This move signals the company’s strategic push into the luxury property segment.

    “A stable regulatory environment, long-term planning and openness to global investment allow developers like Emaar to plan with confidence and execute at scale,” said Founder Mohamed Alabbar.

    As of now, Emaar Development has delivered over 80,500 residential units since 2002 and currently has around 51,000 units under development in prominent Dubai communities like Dubai Hills Estate, Arabian Ranches, Downtown Dubai, Dubai Marina, and Emaar Beachfront.

    The company’s proposed dividend payout of Dh4 billion, pending shareholder approval, represents a 47% increase from the previous year, further underlining its strong financial performance.

    This remarkable growth reflects not just Emaar’s strategic capabilities, but also the broader confidence in Dubai’s property market, which continues to attract global investors with its dynamic and supportive ecosystem.