Emaar Group reported strong financial results for the first half of 2026, with revenue increasing 21% year over year to AED 23.9 billion, equivalent to approximately $6.5 billion.

Earnings before interest, taxes, depreciation, and amortization rose 24% to AED 12.9 billion, or around $3.5 billion, while net profit before tax increased 23% to AED 12.8 billion, equivalent to $3.5 billion.

Following a strong performance in the first quarter of the year, Emaar continued to achieve balanced contributions across its property development business, recurring revenue-generating operations, and international activities.

Property Sales Reach AED 26.6 Billion

Emaar Group recorded property sales of approximately AED 26.6 billion, equivalent to $7.2 billion, during the first half of 2026.

At the same time, total revenue backlog from projects under development reached approximately AED 164.9 billion, or $44.9 billion, as of June 30, 2026, marking a 13% year-over-year increase.

The backlog provides greater visibility into the revenue the group is expected to recognize over the coming years, supported by a broad portfolio of projects currently under development.

Emaar also owns one of the largest and most diversified portfolios of master-planned land in the region, with nearly 590 million square feet of mixed-use development opportunities, including approximately 316 million square feet in the UAE.

Alabbar: Results Reflect Discipline and Long-Term Vision

Mohamed Alabbar, Founder of Emaar, said: “Our first-half results reflect the discipline, consistency, and long-term vision that define Emaar’s approach. Dubai never stops evolving, and neither do we. With every new phase of the city’s growth, new opportunities emerge for us to raise expectations and redefine experiences. Emaar’s role is to continue developing destinations that reflect Dubai’s ambition while maintaining the quality, innovation, and operational excellence that have been the foundations of our business from the beginning.”

He added: “We value the vision of our wise leadership and its forward-looking approach to economic development, which has helped establish a stable, transparent, and business-friendly environment. Confidence in the leadership continues to attract capital and talent despite growing global uncertainty, and this stability remains a key pillar of Emaar’s long-term growth.”

Emaar Development Records Strong Growth

Emaar Development reported revenue of AED 13.3 billion, equivalent to $3.6 billion, during the first half of 2026, representing a 34% year-over-year increase.

Net profit before tax rose 41% compared with the same period last year to AED 7.8 billion, equivalent to approximately $2.1 billion.

Emaar Development’s consolidated revenue from property development operations in the UAE reached AED 17.7 billion, up 30% year over year.

Total revenue backlog from projects under development in the UAE stood at AED 135.7 billion, equivalent to $36.9 billion, as of June 30, 2026, an increase of 6% compared with the first half of 2025.

This backlog provides greater visibility into future revenue while also strengthening the company’s ability to reduce risks associated with projects under development.

11 New Projects Expand Residential Portfolio

Emaar continued to expand its residential portfolio during the first half of the year by launching 11 projects across several of its major master-planned communities.

The launches included projects within Emaar South, Dubai Hills Estate, The Heights Country Club, The Oasis, Rashid Yachts & Marina, and Expo Living.

Emaar also announced a new AED 200 billion master plan, strengthening the group’s long-term development plans and reflecting its confidence in Dubai’s continued growth and position as a major destination for property investment and development.

International Operations Support Revenue Diversification

Emaar’s international businesses continued to contribute to the diversification of the group’s revenue, supported by ongoing operational execution across key markets, particularly Egypt and India.

International property sales reached AED 4.2 billion, equivalent to $1.1 billion, while revenue stood at AED 1.1 billion, or approximately $0.3 billion, representing year-over-year growth of 8%.

International operations accounted for approximately 4.6% of the group’s total revenue during the first half of 2026.

Shopping Mall and Commercial Leasing Revenue Grows

Emaar’s shopping mall, retail, and commercial leasing portfolio maintained a strong performance during the first half of 2026.

Revenue from these businesses reached AED 3.5 billion, equivalent to approximately $1 billion, up 9% compared with the first half of 2025.

Earnings before interest, taxes, depreciation, and amortization increased 10% year over year to AED 3.1 billion, equivalent to $0.8 billion.

Average occupancy across the portfolio stood at approximately 98% as of June 30, 2026, reflecting continued strong demand for the group’s assets.

Hospitality and Entertainment Maintain Their Contribution

Emaar’s hospitality, leisure, and entertainment portfolio remained an active contributor to the group’s results during the first half of 2026.

Revenue from these businesses reached AED 1.6 billion, equivalent to $0.4 billion, while the average occupancy rate across the group’s hotels in the UAE stood at 60% during the first six months of the year.

Recurring Revenue Reaches AED 5.1 Billion

Emaar’s recurring revenue-generating businesses maintained their position as a key source of earnings resilience and cash flow generation during the first half of 2026.

The portfolio is supported by a diverse range of high-quality assets across shopping malls, hospitality, leisure and entertainment, and commercial leasing, providing the group with stable and visible income streams that support its long-term growth plans.

Recurring revenue reached AED 5.1 billion, equivalent to $1.4 billion, in line with the level recorded during the first half of 2025.

Earnings before interest, taxes, depreciation, and amortization from recurring revenue amounted to approximately AED 4 billion, equivalent to $1.1 billion, also in line with the level recorded during the same period last year.