Emaar Properties has reported a 39% year-on-year surge in revenue to AED33.1 billion ($9 billion) for the first nine months of 2025, supported by record-breaking property sales and a growing international footprint.
The developer’s net profit before tax rose 35% to AED 16.7 billion ($4.5 billion), while EBITDA increased 32% to AED 16.6 billion ($4.5 billion), underscoring strong operational efficiency and sustained investor confidence.
Robust Sales and Record Backlog
Emaar achieved property sales of AED61 billion ($16.6 billion) during the period, marking a 22% increase compared to 2024. Its revenue backlog reached AED 150.3 billion ($41 billion) — up 49% year-over-year — providing strong earnings visibility and future growth stability.
The company currently holds 660 million square feet of master-planned land, including 370 million square feet in the UAE, positioning it to meet continued demand across residential, commercial, and mixed-use projects.
Strong Domestic Development Momentum
Emaar Development, the group’s UAE development arm, reported AED52.9 billion ($14.4 billion) in sales — a 10% increase year-on-year — alongside 41% revenue growth to AED17.6 billion ($4.8 billion) and 49% higher profit of AED9.8 billion ($2.7 billion).
Emaar’s UAE property development revenue climbed to AED24 billion ($6.5 billion), driven by strong demand for flagship communities such as:
- Dubai Hills Estate
- The Oasis
- Rashid Yachts & Marina
- Dubai Creek Harbour
- The Valley
The company also introduced Emaar Hills, an ultra-luxury residential enclave adjacent to Dubai Hills Estate, featuring exclusive Dubai Mansions for global buyers.
International Expansion Accelerates
Emaar’s international operations surged, with property sales soaring 331% to AED 8.1 billion ($2.2 billion), driven by a robust performance in Egypt and India. International revenue increased to AED1.4 billion ($0.4 billion), representing 4.3% of the group’s total.
Meanwhile, recurring-income divisions spanning malls, retail, hospitality, and leisure generated AED7.7 billion ($2.1 billion) in revenue, representing a 13% year-over-year increase.
- Shopping Malls & Retail: AED4.7 billion ($1.3 billion), up 12%, with 98% average occupancy.
- Hospitality, Leisure & Entertainment: AED3 billion ($800 million), up 15%, with 72% UAE hotel occupancy.
These recurring businesses contributed 35% of total EBITDA, reinforcing Emaar’s balanced revenue model.
ESG Leadership and Credit Strength
Emaar’s sustainability and governance performance continued to strengthen, earning an MSCI ESG rating upgrade to ‘A’ and the CIPS Corporate Ethics Mark across its global supply chain.
The developer’s credit ratings improved to BBB+ (S&P Global) and Baa1 (Moody’s), both with stable outlooks, reflecting its resilient balance sheet and steady income streams.
The group also advanced Emirati talent development through initiatives such as the Emaar Youth Council, mentorship programs, and sponsorships of professional certifications.
Founder’s Outlook
Mohamed Alabbar, Founder of Emaar, said:
“Our strong results for the first nine months of 2025 reflect the UAE government’s wise leadership and Emaar’s long-term strategic planning.
This foundation allows us to anticipate change, adapt with precision, and continue delivering value across market cycles. Every achievement reflects our commitment to understanding dynamics, responding quickly, and staying ahead of expectations.”
