With its revenue backlog over Dh150 billion, Emaar Properties has recorded a 22% rise in property sales to Dh61 billion for the first nine months of 2025, marking an important milestone.
The worldwide real estate developer with headquarters in Dubai demonstrated growth in all important financial measures, highlighting both the strength of its diversified business strategy and the ongoing demand for high-end real estate in Dubai.
During that time, the company’s profits before interest, taxes, depreciation, and amortization (Ebitda) increased by 32% to Dh16.6 billion, while its revenue increased by 39% to Dh33.1 billion. When compared to the same period last year, net profit before taxes increased by a robust 35% to Dh16.7 billion.
These outcomes demonstrate Emaar’s outstanding financial management and operational efficiency in the face of favorable market conditions.
An even more remarkable backlog figure of Dh150.3 billion as of September 30, 2025, which represents a 49% year-over-year rise, accompanied the boom in property sales. Emaar is well-positioned for long-term growth in the upcoming years thanks to this sizable pipeline, which offers clear visibility for future revenue at good margins.
A strong basis for future growth and wealth creation is provided by the company’s strategic land bank, which consists of about 660 million square feet of mixed-use development potential, including 370 million square feet in the United Arab Emirates
Mohamed Alabbar, founder of Emaar, attributed the strong performance to the UAE government’s wise leadership and sound policies, combined with Emaar’s long-term strategic planning. “This foundation has enabled us to anticipate change and adapt with precision,” Alabbar stated.
“Every achievement during this period is a result of understanding market dynamics, responding quickly, and staying ahead of expectations, ensuring that Emaar continues to deliver value no matter the environment.”
With property sales reaching Dh52.9 billion, a 10% increase over the same time in 2024, Emaar Development, the build-to-sell property development division, continued its robust growth trajectory.
The subsidiary recorded Dh17.6 billion in revenue, up 41% from the previous year, and Dh9.8 billion in net profit before taxes, up 49%. The group made Dh24 billion from property development in the UAE when combined with other UAE-based businesses.
With property sales of Dh8.1 billion in the first nine months of 2025—a staggering 331% rise over the same period in 2024—the foreign business market proved to be a star performer, with particularly impressive results in Egypt and India.
International activities generated Dh1.4 billion in revenue, or roughly 4.3% of Emaar’s total revenue.
Shopping centers, retail, and commercial leasing activities brought in Dh4.7 billion, a 12% year-over-year growth, demonstrating the steady strength of Emaar’s recurring revenue sources. The mall portfolio maintained an outstanding average occupancy rate of more than 98%, while the segment’s Ebitda hit Dh4.1 billion, up 18%.
Strong tourism inflows and portfolio expansion helped the hospitality, leisure, and entertainment industries generate Dh3 billion in income, a 15% rise.
Together, Emaar’s recurring revenue portfolio, which includes malls, hospitality, leisure, entertainment, and commercial leasing, brought in Dh7.7 billion, a 13% increase, and accounted for almost 35% of the company’s overall Ebitda during that time.
In addition to providing steady cash flows for Emaar’s development initiatives, this diverse revenue base highlights the robustness of the company’s business strategy.
S&P Global (BBB+) and Moody’s (Baa1), both with stable outlooks, upgraded the company’s credit rating throughout the reporting period in recognition of its ongoing good performance.
Additionally, Emaar has improved its environmental, social, and governance strategy, earning the CIPS Corporate Ethics Mark throughout its worldwide supply chain and an upgraded MSCI ESG rating to “A.”
According to property consultants, Emaar is expanding its premium lifestyle offerings and positioning itself for continued leadership in the global real estate market with the recent announcement of the ultra-luxury residential community Emaar Hills next to Dubai Hills Estate and the ongoing development of exclusive projects like Dubai Mansions.
