Emaar Properties, listed on the Dubai Financial Market, announced strong results at the start of 2026, supported by continued demand for its key projects, as well as stable performance across its shopping malls, commercial leasing, hospitality and leisure businesses.

The company’s revenue rose by 23% during the first quarter of the year to reach AED 12.4 billion, equivalent to USD 3.4 billion, compared with the same period in 2025. Earnings before interest, taxes, depreciation and amortisation also grew by 34% to AED 7.2 billion, reflecting improved operational efficiency and stable profit margins across the group’s different business segments.

Emaar’s total property sales reached around AED 22.4 billion, or USD 6.1 billion, during the first quarter of 2026, marking a 16% year-on-year increase. This growth confirms the continued strength of demand for Emaar’s projects, particularly in the UAE market, where real estate development activity remains solid.

The company’s revenue backlog from projects under development reached AED 163.4 billion, equivalent to USD 44.5 billion, as of March 31, 2026, up 29% year-on-year. This backlog gives the company strong visibility over expected revenues in the coming years, as existing projects continue to progress and be delivered.

Emaar also recorded net profit before tax of AED 7.2 billion, or USD 2 billion, representing growth of 33% compared with the first quarter of last year. This was supported by the strong performance of domestic real estate development and the stable contribution of income-generating assets.

Mohamed Alabbar, founder of Emaar, said the group’s results for the first quarter of 2026 reflect the strength of the UAE economy and its ability to provide a stable business environment despite broader regional fluctuations. He noted that the company remains focused on delivering high-quality projects, maintaining operational discipline and creating long-term value through a diversified and resilient business model.

In the UAE real estate development segment, property sales reached AED 20.1 billion, equivalent to USD 5.5 billion, increasing by 22% year-on-year. Emaar Development recorded revenue of AED 6.9 billion, or USD 1.9 billion, up 36% compared with the same period last year.

Emaar Development’s net profit before tax reached AED 4 billion, equivalent to USD 1.1 billion, growing by 46%. After tax, the company posted net profit of AED 3.5 billion, or USD 953 million, during the first quarter of 2026, an increase of 49% year-on-year.

On the international side, Emaar’s projects outside the UAE continued to support the group’s business diversification, with a clear contribution from the Egyptian market. International property sales amounted to AED 2.3 billion, or USD 0.6 billion, while revenue from international operations reached AED 0.7 billion, equivalent to USD 0.18 billion, up 5% compared with the first quarter of 2025. These operations represented around 5.3% of the group’s total revenue during the period.

Across shopping malls, retail and commercial leasing, Emaar’s portfolio recorded stable growth in the first quarter, supported by high occupancy levels, asset quality and improved rental performance upon renewals. Revenue from this segment reached AED 1.8 billion, equivalent to USD 0.5 billion, rising 15% year-on-year, while earnings before interest, taxes, depreciation and amortisation reached AED 1.5 billion, up 16%. Average occupancy across the portfolio stood at 98% as of the end of March 2026.

The hospitality and leisure segment maintained a stable performance during the first quarter of the year, supported by continued demand. Revenue from the segment reached around AED 1 billion, broadly in line with the first quarter of 2025, while Emaar’s hotels in the UAE recorded an average occupancy rate of 69%.

Emaar Properties’ results for the first quarter of 2026 highlight the group’s ability to achieve balanced growth, supported by the strength of the UAE real estate development market, the stable performance of its commercial assets and the continued contribution of its international operations to revenue diversification.