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Tag: Property Sales

  • 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.

  • Modon’s Tara Park Sells Out with AED2 Billion in Sales

    Modon has completed the sell-out of Tara Park on Reem Island, marking a significant milestone as the 834-apartment development generated approximately AED2 billion in sales. The achievement reflects sustained investor confidence in Abu Dhabi’s property sector as the emirate solidifies its position as a global safe-haven investment destination.

    “Tara Park further validates Modon’s disciplined, market-driven approach, connecting a prime location and thoughtful placemaking to generate sustainable urban growth and long-term value. We continue to see strong demand across the market, which speaks to the confidence that local and international buyers continue to place in Abu Dhabi, particularly for projects where clear attention to quality of life supports future investment potential,” said Bill O’Regan, Group CEO of Modon Holding.

    International Buyers Drive 60% of Demand

    The development attracted significant international interest, with approximately 60% of buyers originating from overseas markets. Russia, the United Kingdom, and India represented the leading sources of demand, demonstrating the project’s broad global appeal.

    Notably, 85% of buyers were first-time investors with Modon, underscoring both the strength of the development’s positioning and its success in expanding the developer’s international investor base.

    “The sell-out Tara Park sends a clear signal. Buyers are not hesitating. Buyers are making considered, long-term decisions. Tara Park was designed with clear buyer priorities and needs in mind, and the market response has validated that approach entirely,” said Ibrahim Al Maghribi, CEO of Modon Real Estate.

    Premium Location with Integrated Amenities

    Tara Park comprises six residential towers offering one-, two-, and three-bedroom apartments. The towers are connected by an active podium that provides residents with access to a wide range of amenities and direct connectivity to Reem Mall.

    The development’s strategic location offers proximity to Fay Park, Sorbonne University Abu Dhabi, and Repton School, alongside easy access to Abu Dhabi Global Market (ADGM), The Galleria Mall, and the wider city center.

    The sell-out coincides with record-breaking performance across Abu Dhabi’s residential market, which delivered its second-strongest quarter on record in Q1 2026. Transaction volumes in Abu Dhabi City exceeded 7,200 deals, just below the all-time peak of 7,600 recorded in Q4 2025, according to Savills’ latest Market in Minutes report.

    As ultra-high-net-worth individuals continue to increase across the UAE, developments like Tara Park demonstrate sustained appetite for quality residential projects in prime locations. The capital’s momentum reflects broader confidence in the UAE’s economic resilience and long-term growth trajectory.

  • Emaar Confirms Normal Operations as Sales Double in Early 2026

    Emaar Confirms Normal Operations as Sales Double in Early 2026

    Emaar Properties issued a statement to the Dubai Financial Market on Wednesday confirming business continuity across its entire portfolio as the master developer recorded exceptional sales growth in early 2026.

    “All Emaar communities, malls, hospitality assets, and development projects continue to operate normally, supported by comprehensive business continuity planning and close coordination with relevant authorities,” the company stated.

    The announcement comes as regional military conflict involving the US, Israel, and Iran has affected the Gulf since Saturday, with Iran targeting the region with missiles and drones.

    Mohamed Alabbar, founder of Emaar, emphasized Dubai’s stability:

    “The city continues to demonstrate resilience, supported by effective leadership, sound regulation, and a dynamic business environment. Our focus remains on disciplined execution, operational excellence, and delivering sustainable value for our shareholders and customers.”

    Emaar owns and operates landmark assets including Dubai Mall, Burj Khalifa, Dubai Hills Estate, and Dubai Creek Harbour.

    Record Sales Momentum Continues

    The UAE’s largest developer reported Dh17.2 billion in property sales during January and February 2026, compared to Dh7.9 billion in the same period of 2025—representing a 118% year-on-year increase.

    This performance follows Emaar’s record-breaking 2025 results, which included property sales of Dh80.4 billion, revenue of Dh49.6 billion, and net profit before tax of Dh25.7 billion—the strongest results in company history.

    The company’s revenue backlog stood at Dh155 billion as of December 31, 2025. Recurring income streams from malls, hospitality, leisure, entertainment, and commercial leasing accounted for 32% of total EBITDA.

    “Emaar’s performance reflects the strength of Dubai’s economic vision and the confidence investors place in its stability and long-term prospects,” Alabbar added.

    Market Context

    Emaar’s performance aligns with broader momentum across Dubai’s property sector, which recorded Dh60.60 billion in transactions during February 2026—an 18.14% increase year-on-year.

    The developer reaffirmed its commitment to disciplined growth: “With diversified income streams, strong liquidity, and disciplined cost management, Emaar remains well-positioned to sustain growth and contribute to the continued strength and resilience of Dubai’s capital markets.”

    The statement underscores investor confidence in Dubai’s regulatory framework and economic stability, even as geopolitical developments affect the wider region.

  • 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.