Emaar Development reported a 24% increase in net profit after tax to AED 10.8 billion during the first nine months of 2026, while revenue grew 26% year over year to AED 22.2 billion.
The results were supported by continued progress on construction projects and the handover of residential units across the company’s integrated communities. Efficient customer collections also helped strengthen cash flow and maintain a solid financial position.
The company continued to take a measured approach to launching new projects, focusing on meeting delivery commitments while pursuing future development opportunities. Strong presales have also helped Emaar Development remain resilient amid changing market conditions.
Property Sales
Emaar Development recorded AED 26.2 billion ($7.1 billion) in property sales during the first nine months of 2026, reflecting continued customer confidence in its residential projects and integrated communities.
The company maintained disciplined pricing and carefully planned the timing of new project launches, taking geopolitical developments and market conditions into account.
Revenue Backlog
Emaar Development’s revenue backlog from projects under construction reached AED 119.8 billion ($32.6 billion) as of September 30, 2026, providing greater visibility into future revenue and supporting the company’s long-term development plans.
Ongoing construction activity and revenue recognized from previously sold properties under development contributed to the company’s financial performance during the period.
Profits
Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 28% to AED 11.4 billion ($3.1 billion), with an EBITDA margin of 52%. The company’s net profit margin after tax stood at 49%.
Emaar founder Mohamed Alabbar said, “Our results over the past nine months reflect the progress we are making in turning our plans into completed communities.”
He added, “The long-term vision of the UAE’s wise leadership gives companies the confidence to invest in the future. As Dubai continues to grow, we will continue to plan carefully, invest in infrastructure, and develop communities that will serve the city for generations to come.”
