Dubai, UAE: Emaar Properties has delivered an impressive financial performance for the first half of 2026, reporting a 26% year-on-year increase in net profit to AED 11.15 billion, supported by robust property sales, rising revenue, and continued demand across Dubai’s thriving real estate market.
The developer also recorded a 21% increase in revenue, reaching AED 23.9 billion, while EBITDA grew by 24% to AED 12.9 billion. Profit before tax rose by 23% to AED 12.8 billion, highlighting the company’s strong operational performance and healthy business fundamentals.
Property Sales Continue to Drive Growth
Emaar recorded AED 26.6 billion in property sales during the first six months of 2026, reflecting sustained investor confidence in Dubai’s residential market. Even more significant, the company’s revenue backlog increased to AED 164.9 billion, representing a 13% year-on-year growth. This substantial backlog provides strong earnings visibility for the years ahead.
The impressive results were driven by balanced contributions from property development, retail, commercial leasing, hospitality, and international operations.
UAE Property Development Remains the Growth Engine
Emaar Development, the group’s UAE build-to-sell business, continued to lead performance with:
- AED 22.4 billion in property sales
- 34% revenue growth to AED 13.3 billion
- 41% increase in profit before tax to AED 7.8 billion
Including major communities such as Dubai Creek Harbour, consolidated UAE property development revenue reached AED 17.7 billion, representing a 30% increase compared to the same period last year.
The UAE development revenue backlog also remained strong at AED 135.7 billion, providing a solid pipeline for future project deliveries.
New Project Launches Expand Dubai’s Property Landscape
During the first half of 2026, Emaar launched 11 new residential developments across some of Dubai’s most sought-after master communities, including:
- Emaar South
- Dubai Hills Estate
- The Heights Country Club
- The Oasis
- Rashid Yachts & Marina
- Expo Living
The company also unveiled a AED 200 billion masterplan, reinforcing its long-term commitment to shaping Dubai’s future skyline and expanding its development portfolio.
Retail and Commercial Leasing Deliver Consistent Performance
Emaar’s shopping malls, retail, and commercial leasing division continued to generate stable recurring income.
Key highlights include:
- AED 3.5 billion in revenue, up 9%
- AED 3.1 billion EBITDA, representing 10% growth
- Portfolio occupancy maintained at approximately 98%
These figures demonstrate the continued strength of Dubai’s retail and commercial property market.
International Operations Show Steady Growth
Emaar’s international development business also performed well, recording:
- AED 4.2 billion in property sales
- AED 1.1 billion in revenue, an 8% increase
Growth was supported by projects in key international markets, including Egypt and India.
Meanwhile, the company’s hospitality, leisure, and entertainment businesses generated AED 1.6 billion in revenue, with UAE hotels achieving an average occupancy rate of 60% during the first half of the year.
Strong Recurring Revenue Supports Long-Term Stability
Emaar’s recurring income portfolio—which includes shopping malls, hospitality, commercial leasing, leisure, and entertainment—generated AED 5.1 billion in revenue during H1 2026.
The segment contributed AED 4 billion in EBITDA, accounting for approximately 31% of the group’s total EBITDA, highlighting the importance of recurring income in supporting long-term financial stability.
Leadership Commentary
Commenting on the results, Mohamed Alabbar, Founder of Emaar Properties, said the company’s strong first-half performance reflects disciplined execution, operational excellence, and a long-term growth strategy.
He emphasized that Dubai’s continued economic expansion and increasing global appeal continue to create significant opportunities for premium real estate development while maintaining the company’s focus on quality, innovation, and customer value.
What This Means for Dubai Real Estate Investors
Emaar’s latest financial results reinforce the continued strength of Dubai’s property market. Strong sales, an expanding project pipeline, record revenue backlog, and sustained investor demand indicate that the emirate remains one of the world’s most attractive real estate investment destinations.
With multiple new communities under development and a AED 200 billion masterplan underway, Emaar is well-positioned to benefit from Dubai’s ongoing population growth, infrastructure expansion, and increasing international investor interest.
Final Thoughts
The first half of 2026 has further strengthened Emaar’s position as one of the Middle East’s leading real estate developers. With record-breaking financial performance, ambitious new launches, and a substantial development pipeline, the company continues to play a pivotal role in shaping Dubai’s real estate landscape while offering long-term value to investors and homeowners alike.