UAE-based developer reports a stronger sales backlog, while recurring income continues to support overall earnings.
Emaar Properties reported a 33% increase in first-quarter net profit before tax, supported by strong property sales in the UAE and continued growth in its malls and leasing operations.
Emaar Properties reported strong first-quarter performance, with net profit before tax reaching Dh7.2 billion ($2 billion) for the three months ending March 31. Revenue rose 23% year-on-year to Dh12.4 billion, while EBITDA increased 34% to Dh7.2 billion.
Property sales grew 16% to Dh22.4 billion, driven by sustained demand across established communities and new project launches in the UAE. The company’s revenue backlog also increased 29% year-on-year to Dh163.4 billion, strengthening visibility for future earnings.
Emaar Properties founder Mohamed Alabbar said the company’s first-quarter 2026 results highlight the resilience of the UAE economy despite ongoing regional geopolitical tensions.
He noted that the performance reflects the strength and stability of the UAE’s economic environment, which continues to provide a solid foundation even amid broader regional volatility.
Emaar Properties reported strong growth across its UAE build-to-sell segment, led by its subsidiary Emaar Development. The unit recorded sales of Dh20.1 billion, up 22% year-on-year, while revenue rose 36% to Dh6.9 billion and net profit before tax increased 46% to Dh4 billion.
During the quarter, the company launched 10 new projects, including The Heights Country Club & Wellness, a master-planned residential community focused on wellness and green living.
In its other businesses, revenue from malls, retail, and commercial leasing grew 15% to Dh1.8 billion, supported by strong portfolio performance and an average occupancy rate of 98%. Hospitality, leisure, and entertainment revenue remained broadly stable at Dh1 billion, although performance softened in March due to regional conditions.
Recurring revenue from malls, hospitality, and commercial leasing assets rose 7% to Dh2.8 billion, accounting for around 30% of total EBITDA during the quarter for Emaar Properties.
The company also announced the distribution of a Dh8.9 billion dividend, equivalent to 100% of its share capital, marking the second consecutive year of such a payout.
