Emaar Properties reported a revenue of AED37.5 billion ($10.2 billion), up 13% year-on-year, EBITDA of AED19.7 billion ($5.4 billion), up 19%, and net profit before tax of AED19.8 billion ($5.4 billion), up 18%, for the nine months ended September 30, 2026.
Performance during the period was driven by project execution across the group’s businesses and the recognition of revenue from its existing backlog, with Dubai’s economic fundamentals providing a supportive operating environment.
While global economic and geopolitical conditions remained uncertain, the UAE’s open and diversified economy continued to support confidence in Emaar’s key markets. The group continued to prioritise efficient operations, prudent financial management and sustainable value creation for its stakeholders.
Following on from the first half of the year, Emaar’s development, recurring income and international businesses each added to the Group’s results.
Ongoing construction progress, high occupancy across the group’s shopping malls and the size of its revenue backlog enabled Emaar to keep advancing its long-term strategic priorities. The group continued to align investment and launch decisions with market conditions while advancing construction across its development portfolio.
With earnings spread across development, recurring income and international markets, and a pipeline of sold projects under construction, Emaar is positioned to adapt to shifts in market conditions and pursue opportunities as they arise.
Key Highlights of the results
* Property Sales: Group property sales reached AED34.7 billion ($9.4 billion) in the first nine months of the year. Emaar launched 14 projects across its master-planned communities during the same period.
* Revenue Backlog: Revenue backlog from property sales stood at AED158.8 billion ($43.2 billion) as of September 30, 2026, up 6% year-on-year and providing visibility for revenue recognition in the coming years.
* Revenue Growth: Total revenue reached AED37.5 billion ($10.2 billion), up 13% compared with AED33.1 billion ($9 billion) in the same period last year.
* Profitability: EBITDA reached AED19.7 billion ($5.4 billion), up 19% year-on-year, with a margin of 53%. Net profit before tax stood at AED19.8 billion, up 18% year-on-year.
* Special Dividend: The Board of Directors approved a one-time special dividend of AED4.4 billion ($1.2 billion), equivalent to AED0.5 per share (50% of share capital), in addition to the company’s regular annual dividend, supported by the group’s earnings profile during the year. The special dividend reinforces Emaar’s focus on shareholder returns.
* Strategically Positioned Land Bank: The group’s land bank comprises approximately 604 million sq ft of development opportunities, including 315 million sq ft within the UAE, supporting its future development pipeline. This land reserve is strategically positioned to support the Group’s ongoing expansion and long-term value creation for its shareholders.
* Construction and Delivery: Emaar handed over more than 4,800 residential units in the UAE during the first nine months of 2026. As of 30 September 2026, more than 80% of active projects in the UAE were ahead of schedule.
* Development Investment: Emaar Development awarded 23 main works contracts valued at AED13.5 billion ($3.7 billion) and 43 infrastructure works contracts worth AED4.3 billion ($1.2 billion) during the first nine months of the year, supporting construction and infrastructure delivery across its communities.
* Customer Experience: Emaar continued to enhance service delivery across its communities and destinations through digital engagement, service improvements and an expanded lifestyle offering. In July, Emaar Development also announced a collaboration with ADCB to provide financing solutions and a streamlined digital journey for eligible homebuyers.
* Community Contribution: During the period, Emaar contributed AED200 million ($54.5 million) to community initiatives, split equally between two dedicated endowment funds supporting orphans and vulnerable groups across the UAE.
* Talent Development: Emaar continued to advance its leadership development and Emirati talent programmes, including the Emaar Leadership Development Programme in partnership with INSEAD, Mentorship Programme 4.0, the Global Exposure Programme and RUWAD, alongside Individual Development Plans for UAE national employees.
* Operational Excellence: Emaar maintained its focus on cost discipline, technology-enabled processes and operational efficiency across its businesses.
* Sustainability: Emaar continued to advance its Net Zero 2050 Strategy through renewable energy initiatives, resource-efficient operations and responsible development practices. Environmental and community activities during the period included desert clean-up campaigns and CPR training under the Dubai Heart Safe City initiative.
Commitment to quality
Mohamed Alabbar, founder of Emaar, said: “Our nine-month results reflect the work happening across Emaar, from construction sites and handovers to the daily management of our destinations. A home purchase is a significant commitment, and our responsibility continues long after the sale. We earn that trust through the quality we deliver and how our communities perform over time. That is where our teams remain focused as we invest in the next stage of Emaar’s growth.”
He added: “The UAE leadership has established a clear direction for the country’s future. For businesses, that clarity supports decisions that extend well beyond a single financial period. We will continue to contribute through investment, new ideas and places that serve the needs of a growing population.” -TradeArabia News Service
