Emaar Properties delivered a resilient performance during the first half of 2026, with revenue up 21% to AED23.9 billion ($6.5 billion), EBITDA up 24% to AED12.9 billion ($3.5 billion), and net profit before tax up 23% to AED12.8 billion ($3.5 billion).
Results were underpinned by disciplined execution across the group’s core businesses and the continued strength of Dubai's economic fundamentals. Amid a backdrop of global economic and geopolitical developments, the UAE's diversified, business-friendly environment continued to support confidence across Emaar's core markets. The group remained focused on operational excellence, financial discipline, and long-term value for stakeholders, it said.
Building on its performance during the first quarter, Emaar continued to deliver balanced contributions across its development, recurring income, and international businesses. Supported by continued project execution, stable occupancy across its income-generating assets, and a substantial revenue backlog, the Group maintained solid financial fundamentals while continuing to advance its long-term strategic priorities. The strength of the Group's diversified business model and strong pre-sales pipeline positioned Emaar well to navigate market variability and capitalise on opportunities as conditions normalise.
Key highlights of the H1 2026 results:
Property Sales: Emaar recorded property sales of approximately AED26.6 billion ($7.2 billion) during H1 2026. The company maintained strong pricing integrity and customer confidence across its master-planned communities and strategically timed project launches.
Backlog growth: Revenue backlog from property sales reached approximately AED164.9 billion ($44.9 billion) as of June 30, 2026, reflecting an increase of 13% year-on-year and providing strong visibility for future revenue recognition.
Revenue growth: Total revenue increased to AED23.9 billion ($6.5 billion), marking growth of 21% compared to H1 2025, supported by healthy contributions across property development, retail, commercial leasing, and international operations.
Strategically positioned land bank: Emaar continues to benefit from one of the region's largest and most diversified master-planned land banks, comprising approximately 590 million sq ft of mixed-use development opportunities, including approximately 316 million sq ft within the UAE. This land reserve is strategically positioned to support the Group’s ongoing expansion and long-term value creation for its shareholders.
Customer Experience: Customer experience remained a key priority, with Emaar enhancing service delivery through quality developments, seamless digital engagement, continuous service improvements, the expansion of community management services, and curated lifestyle experiences across its destinations.
Community Contribution: Reflecting its continued commitment to the nation's wellbeing and leadership, Emaar contributed AED200 million to national community initiatives during H1 2026, split equally between two dedicated endowment funds supporting orphans and vulnerable groups across the UAE.
Talent Development: Emaar continued to strengthen its talent pipeline through the launch of the Emaar Leadership Development Programme in partnership with INSEAD, the Mentorship Programme 4.0, the Global Exposure Programme, the RUWAD Real Estate Excellence Initiative, and Individual Development Plans for UAE Nationals, alongside continued investment in employee well-being and professional capability building.
Operational Excellence: Operational efficiency was further strengthened through disciplined cost management, technology-enabled processes, AI-driven initiatives, and continuous optimisation across the Group's diversified businesses.
Sustainability: Sustainability remained embedded across the Group through responsible development practices, progress towards its Net Zero 2050 Strategy, renewable energy initiatives, resource-efficient operations, and employee-led environmental and community initiatives, including desert clean-up campaigns, CPR training under the Dubai Heart Safe City initiative, and broader ESG programmes across the business.
Mohamed Alabbar, founder of Emaar, said: "Our first half results reflect the discipline, consistency, and long-term approach that define Emaar. Dubai never stands still, and neither do we. Every phase of the city's growth creates new opportunities to raise expectations and redefine experiences. Emaar's role is to continue building destinations that reflect Dubai's ambition while maintaining the quality, innovation, and operational excellence that have shaped our business from the beginning."
He added: "We remain grateful for the vision of our leadership and forward-looking approach to economic development, which has fostered a stable, transparent, and business-friendly environment. This confidence in leadership continues to attract capital and talent even amid a more uncertain global backdrop. This stability remains a fundamental enabler of Emaar's long-term growth."
UAE build-to-sell property development
Emaar Development, the UAE's premier build-to-sell property development company and majority-owned subsidiary of Emaar Properties, delivered a resilient performance during the first half of 2026 with property sales of AED22.4 billion ($6.1 billion).
While property sales volumes reflected a measured pace in response to evolving geopolitical dynamics, the company maintained strong pricing integrity and customer confidence across its master-planned communities and strategically timed project launches, it said.
Results were underpinned by disciplined execution and the continued strength of Dubai's economic fundamentals. Amid a backdrop of global economic and geopolitical developments, the UAE's diversified, business-friendly environment continued to support the company, it said.
The company remained focused on operational excellence, financial discipline, and long-term value for stakeholders. The strong pre-sales pipeline positioned Emaar well to navigate market variability and capitalise on opportunities as conditions normalise, Emaar Development said.
Key highlights of the results:
Backlog growth: Revenue backlog reached AED127.7 billion ($34.8 billion) as of 30 June 2026, reflecting an increase of 8% compared to H1 2025. The substantial backlog provides strong revenue visibility and supports the Company's long-term growth outlook.
Revenue growth: Revenue increased to AED13.3 billion ($3.6 billion) during the first half of 2026, representing growth of 34% compared to the corresponding period last year, supported by steady project execution and the recognition of revenue across ongoing developments.
Profitability: EBITDA reached AED7.1 billion ($1.9 billion), increasing by 42% compared to the same period last year, reflecting continued operational discipline and portfolio strength. Net profit after tax increased to AED6.7 billion ($1.8 billion), representing growth of 43% year-on-year. This reflects a net profit margin of 50%.
Development activity: During the first half of 2026, construction across all ongoing projects progressed in line with schedules, underscoring the company’s disciplined execution, strong governance, and continued focus on timely delivery.
Strategically positioned land bank: Emaar continues to benefit from one of the region's largest and most diversified master-planned land banks, comprising approximately 287 million sq ft of mixed-use development opportunities. This land reserve is strategically positioned to support the Group’s ongoing expansion and long-term value creation for its shareholders. Emaar also announced a new landmark AED200 billion masterplan, further strengthening the group's long-term development pipeline and reinforcing its confidence in Dubai's continued growth.
Mohamed Alabbar, Founder of Emaar, stated: "Dubai continues to demonstrate what can be achieved through ambition, consistency, and long-term vision. We are proud to contribute to that journey by creating communities that respond to changing lifestyles and support the city's continued growth. Guided by the vision of our leadership, we remain focused on building for tomorrow while delivering value today." -TradeArabia News Service
