Emaar revenue rises 21 percent to Dhs23.9 billion during the first half

Emaar Properties has announced a robust financial performance for the first half of 2026, with revenues climbing 21% to Dhs23.9 billion ($6.5 billion). The real estate giant also reported substantial increases in its earnings before interest, taxes, depreciation, and amortization (EBITDA), which rose 24% to Dhs12.9 billion ($3.5 billion), and net profit before tax, up 23% to Dhs12.8 billion ($3.5 billion).

The company's success was driven by balanced contributions from its development, recurring income, and international business segments. Property sales during the period reached approximately Dhs26.6 billion ($7.2 billion). Emaar highlighted a significant revenue backlog from property sales amounting to Dhs164.9 billion ($44.9 billion) as of June 30, 2026, marking a 13% year-on-year increase and ensuring strong visibility for future revenue recognition.

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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, attributed the results to the company's "discipline, consistency, and long-term approach." He emphasized Emaar's commitment to developing destinations that mirror Dubai's ambition, maintaining high standards of quality, innovation, and operational excellence. Alabbar also expressed gratitude for the leadership's vision and the stable, transparent business environment in Dubai, which he believes continues to attract capital and talent despite global uncertainties.

Emaar Development, a subsidiary, reported a 34% year-on-year revenue increase to Dhs13.3 billion ($3.6 billion) and a 41% rise in net profit before tax to Dhs7.8 billion ($2.1 billion). The company strategically launched 11 residential projects across various master plans in Dubai and announced a new Dhs200 billion master plan, further bolstering its development pipeline and confidence in Dubai's growth trajectory.

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We remain grateful for the vision of our leadership and forward-looking approach to economic development, which has fostered a stable, transparent, and business-friendly environment. This confidence in leadership continues to attract capital and talent even amid a more uncertain global backdrop. This stability remains a fundamental enabler of Emaar’s long-term growth.