Revenue for the six months ended June 30 rose 21% year-on-year to Dh23.9 billion, while EBITDA increased 24% to Dh12.9 billion.
Net profit before tax rose 23% year-on-year to Dh12.8 billion. Meanwhile, Emaar’s Dh164.9 billion property sales backlog increased 13% from a year earlier, representing future revenue expected to be recognised as projects advance and units are handed over.
UAE property operations remain key growth driver
Emaar’s UAE build-to-sell segment, led by Emaar Development, delivered Dh22.4 billion in property sales during the first half of the year.
Emaar Development reported revenue of Dh13.3 billion, representing a 34% year-on-year increase, while net profit before tax rose 41% to Dh7.8 billion.
Including other UAE development assets, such as Dubai Creek Harbour, the group’s consolidated revenue from UAE property development operations reached Dh17.7 billion, marking a 30% increase compared with the same period last year.
The UAE development revenue backlog stood at Dh135.7 billion at the end of June, up 6% year-on-year, reflecting continued strength in the company’s future project pipeline.
Emaar launched 11 projects in the first half of the year across key destinations including Emaar South, Dubai Hills Estate, The Heights Country Club, The Oasis, Rashid Yachts & Marina, and Expo Living. During the period, the company also unveiled a new Dh200 billion masterplan, further strengthening its long-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
Emaar maintains extensive development land bank
Emaar held approximately 590 million square feet of mixed-use development land, including around 316 million square feet in the UAE, providing a substantial base for future growth.
The group’s international development operations recorded Dh4.2 billion in property sales during the first half, while revenue reached Dh1.1 billion, an increase of 8% year-on-year.
International operations contributed approximately 4.6% of Emaar’s total revenue during the period, with Egypt and India remaining among the group’s key markets.
Malls maintain 98% occupancy
Emaar’s malls, retail, and commercial leasing operations generated Dh3.5 billion in revenue during the first half, representing a 9% year-on-year increase.
EBITDA from the segment rose 10% to Dh3.1 billion, while average occupancy across Emaar’s portfolio remained strong at around 98% as of the end of June.
The company said leasing income continued to be supported by a predominantly base-rent model, despite some moderation in tenant sales performance.
Emaar’s hospitality, leisure, and entertainment segment generated Dh1.6 billion in revenue during the period, while its UAE hotel portfolio recorded average occupancy of 60%.
The group noted that softer international tourism flows weighed on hospitality performance, although domestic and local demand provided partial support.
Recurring revenue reaches Dh5.1 billion
Recurring revenue from Emaar’s malls, hospitality, leisure, entertainment, and commercial leasing assets totalled Dh5.1 billion, remaining broadly stable compared with the first half of 2025.
EBITDA generated from Emaar’s recurring revenue portfolio reached Dh4 billion, contributing approximately 31% of the group’s total EBITDA.
