Emaar Properties recorded another quarter of robust growth in 2025, reporting AED33.1bn ($9bn) in revenue for the first nine months of the year — a 39 per cent increase over the same period in 2024.
The company’s net profit before tax reached AED16.7bn ($4.5bn), up 35 per cent year-on-year, while EBITDA rose 32 per cent to AED16.6bn ($4.5bn).
Emaar’s diversified portfolio, strong cash-flow businesses, and disciplined financial management continued to reinforce its leadership in Dubai’s property market.
Emaar property sales and revenue backlog
Emaar achieved property sales of AED61bn ($16.6bn) in 9M 2025, a 22 per cent increase from 2024.
The company’s revenue backlog reached AED150.3bn ($41bn) as of September 30, 2025 — a 49 per cent rise year-on-year — providing solid visibility of future revenue and margins.
Emaar holds approximately 660 million sq ft of master-planned land for mixed-use development, including 370 million sq ft in the UAE. This land bank secures long-term growth potential and flexibility in responding to market demand.
UAE development performance
Subsidiary Emaar Development maintained strong momentum, posting AED52.9bn ($14.4bn) in property sales during 9M 2025 — a 10 per cent annual increase. Revenue rose 41 per cent to AED17.6bn ($4.8bn), and net profit before tax climbed 49 per cent to AED9.8bn ($2.7bn).
The group’s total UAE property-development revenue reached AED24bn ($6.5bn), supported by continued demand for flagship master communities such as:
- Dubai Hills Estate
- The Oasis
- Rashid Yachts and Marina
- Dubai Creek Harbour
- The Valley
Emaar also unveiled Emaar Hills, an ultra-luxury residential community adjacent to Dubai Hills Estate, where Dubai Mansions will offer an exclusive collection of residences for a global clientele.
International growth
Emaar’s international operations posted property sales of AED8.1bn ($2.2bn) in 9M 2025, a 331 per cent jump compared with 2024, with particularly strong results in Egypt and India.
International revenue rose to AED1.4bn ($0.4bn), contributing 4.3 per cent of total group revenue.
Emaar’s malls, retail, hospitality, leisure, and commercial-leasing divisions generated AED7.7bn ($2.1bn) in recurring revenue, up 13 per cent year-on-year. EBITDA from these segments reached AED5.9bn ($1.6bn), accounting for 35 per cent of total group EBITDA.
- Shopping malls and retail: Revenue AED4.7bn ($1.3bn), +12 per cent; EBITDA AED4.1bn ($1.1bn); average occupancy 98 per cent.
- Hospitality, leisure, and entertainment: Revenue AED3bn ($800m), +15 per cent; average UAE-hotel occupancy 72 per cent.
Sustainability, credit strength, and talent focus
Emaar’s ESG credentials improved with an MSCI upgrade to ‘A’ and achievement of the CIPS Corporate Ethics Mark across its global supply chain.
The company’s credit rating was raised to BBB+ (S&P Global) and Baa1 (Moody’s), both with a stable outlook, reflecting a robust balance sheet and recurring-income base.
Emaar continues to invest in Emirati talent development through initiatives such as the Emaar Youth Council, mentorship programmes, and professional-certification sponsorships.
Founder’s statement
Mohamed Alabbar, founder of Emaar, said: “Our strong results for the first nine months of 2025 are a reflection of the UAE government’s wise leadership and sound policies, alongside Emaar’s own long-term strategic planning.
“This foundation has enabled us to anticipate change and adapt with precision. 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.”