Emaar Properties reported a strong financial performance for the first half of 2026, with revenue increasing 21% year-on-year to AED 23.9 billion, while net profit rose 26% to AED 11.1 billion. EBITDA increased 24% to AED 12.9 billion and profit before tax grew 23% to AED 12.8 billion, supported by disciplined execution across the Group’s diversified businesses.
Property sales reached AED 26.6 billion during the first six months of the year, while the company’s revenue backlog increased 13% year-on-year to AED 164.9 billion as of 30 June 2026. Emaar said the strong backlog provides significant visibility for future revenue recognition and reflects continued customer confidence across its master-planned communities.
The Group continued to benefit from balanced contributions across its property development, recurring income, retail, commercial leasing, hospitality, and international businesses. Shopping malls, retail, and commercial leasing generated revenue of AED 3.5 billion with average occupancy of around 98%, while recurring revenue remained stable at AED 5.1 billion, accounting for approximately 31% of total EBITDA.
During the first half of the year, Emaar launched 11 residential projects across several master-planned communities and announced a new AED 200 billion masterplan, further strengthening its long-term development pipeline. The company also highlighted continued investments in technology, artificial intelligence, sustainability initiatives, and talent development as part of its long-term growth strategy.
Looking ahead, Emaar said it remains well positioned for sustainable long-term growth, supported by its diversified business model, substantial land bank, resilient recurring income portfolio, and strong revenue backlog.
Source: Emaar Properties
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
