Revenues increased by 23% to AED 12.4 billion (US$3.4 billion)
Earnings before interest, taxes, depreciation and amortization grew by 34% to AED 7.2 billion (US$2 billion).
Net profit before tax rose 33% to AED 7.2 billion (US$2 billion)

Dubai, UAE: Emaar Properties PJSC, listed on the Dubai Financial Market under the symbol (EMAAR), announced a strong start to 2026, driven by sustained demand across its core business segments, disciplined execution, and a diversified business model. Continued sales momentum, a stable recurring revenue base, and strong operational performance have contributed to a robust financial performance and a clear revenue outlook.

Emaar’s Q1 2026 results reflect the strength of its earnings structure, driven by balanced growth in its real estate development and recurring revenue-generating businesses. Revenue increased by 23%, while EBITDA grew at an even faster pace of 34%, reflecting efficient operating leverage, a high-quality portfolio, and continued cost discipline. This quarter’s performance was underpinned by the robust performance of the UAE real estate development sector, stable occupancy rates in shopping malls and commercial assets, and the continued contribution of international operations. The company remains focused on disciplined capital allocation, operational excellence, and converting accumulated revenue into sustainable profit growth.

Key strategic and operational results and achievements:

Sales growth: Real estate sales reached approximately AED 22.4 billion (US$6.1 billion) during the first quarter of 2026, an increase of 16% compared to the same period last year, driven by continued demand for Emaar’s existing communities and the launch of new projects in the UAE.
Growth in accumulated revenue from projects under construction: Total accumulated revenue from projects under construction reached approximately AED 163.4 billion (US$ 44.5 billion) as of March 31, 2026, representing an annual increase of 29%, enhancing revenue clarity over the coming years.

Revenue growth: Total revenue for the period reached AED 12.4 billion (US$ 3.4 billion), an increase of 23% compared to the first quarter of 2025, supported by contributions from local and international operations.

Profit: Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached AED 7.2 billion (US$2 billion), a 34% year-on-year increase, driven by operational efficiency and stable margins across all business segments. Net profit before tax also reached AED 7.2 billion (US$2 billion), a 33% increase compared to the same period last year.

Dividend distribution: Emaar recently announced a dividend distribution to shareholders of 100% of the capital, with a total value of AED 8.9 billion (US$2.4 billion), for the second year in a row.

Strategically located land bank: Emaar possesses a large and diverse portfolio of fully planned land, spanning approximately 600 million square feet of mixed-use development opportunities, including around 317 million square feet within the UAE. This portfolio forms a strategic foundation to support the Group’s future expansion and deliver long-term value to shareholders.

Focus on customers and the community: Emaar continued to focus on the customer experience through quality execution, innovative projects, and vibrant experiences, including proactive preparedness and taking necessary measures during the unusual weather conditions that the country witnessed, ensuring safety, limiting any potential impacts, and enhancing community confidence in its various destinations.

Talent development: In addition to investing in skills development and capacity building, including leadership development programs and empowering Emirati talent, the company has supported the well-being of its employees through initiatives focused on promoting mental health during periods of instability.

Operational efficiency: The group has maintained a disciplined approach to cost management, while enhancing operational efficiency across its various business sectors.

Sustainability: Emaar continued to advance its environmental, social and corporate governance agenda, focusing on responsible development practices and reducing its long-term environmental footprint. This included progress in implementing the Climate Neutrality 2050 strategy and expanding renewable energy initiatives.

Mohamed Alabbar, founder of Emaar, said: “The results achieved by the Group during the first quarter of 2026 reflect the strength of the UAE economy, which continues to provide a stable environment despite wider regional volatility. Recent geopolitical developments in the region have underscored the importance of operating in markets based on security, business continuity, and a long-term vision. The stability of the UAE is a result of decades of wise leadership, sustained investment in world-class infrastructure, and a clear regulatory environment that supports business. The continued confidence of our customers and investors allows us to maintain this momentum as we continue to focus on delivering high-quality projects, operational discipline, and creating long-term value through a diversified and flexible business model.”

Developing real estate assets for sale in the United Arab Emirates

The development of real estate assets for sale in the UAE, led by Emaar Development PJSC, listed on the Dubai Financial Market under the symbol (EMAARDEV), maintained its strong momentum during the first quarter of the year, driven by stable demand, the launch of new projects, the continued execution of projects, and the diversification of the integrated communities portfolio.

Real estate sales reached AED 20.1 billion (US$5.5 billion), an increase of 22% year-on-year.

Emaar Development PJSC recorded revenues of AED 6.9 billion (US$ 1.9 billion), an increase of 36%, while net profit before tax reached AED 4.0 billion (US$ 1.1 billion), an increase of 46%.

Including other development projects within the country, including Dubai Creek Harbour, real estate development revenues in the UAE amounted to AED 8.9 billion (US$2.4 billion).

Total accumulated revenue from development projects in the UAE reached AED 143.3 billion (US$39 billion) as of March 31, 2026

During the same quarter, the group launched 10 new projects within its main communities, including "The Heights Country Club & Wellness," an integrated project inspired by nature and focused on health and wellness, sustainable lifestyle, and integrated experiences, which enhances the diversity of Emaar's portfolio and its position in the market.

International Development Works

International development projects continued to contribute to diversifying the group's business and supporting its growth, in light of the strong performance of the Egyptian market.

Real estate sales reached AED 2.3 billion (US$0.6 billion).

Revenue from international operations reached AED 0.7 billion (US$ 0.18 billion), an increase of 5% year-on-year.

International operations accounted for approximately 5.3% of the group's total revenues during the first quarter of 2026
Shopping malls, retail and commercial leasing

Emaar’s portfolio in the shopping mall, retail and commercial leasing sectors witnessed steady growth during the first quarter of 2026, supported by high occupancy rates, asset quality and improved rental performance upon renewal.

Revenues reached AED 1.8 billion (US$0.5 billion), a 15% year-on-year increase.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached AED 1.5 billion (US$0.4 billion), an increase of 16%.

Average occupancy across the portfolio reached 98% as of March 31, 2026

The portfolio benefited from the strength of Emaar’s main destinations and the diversity of its offerings and experiences for visitors.

Hospitality, entertainment and leisure

The hospitality, leisure and entertainment portfolio delivered a stable performance during the first quarter of 2026, driven by continued demand, despite performance being affected during March by regional conditions.

Revenues reached AED 1 billion (US$0.3 billion), broadly in line with the first quarter of 2025.
Emaar hotels in the UAE achieved an average occupancy rate of 69% during the first quarter of 2026

Recurring revenues

Emaar’s portfolio of recurring revenue-generating businesses has maintained its position as a key source of profitability and cash flow clarity, supported by the diversification of its assets across shopping malls, hospitality, leisure and entertainment, and commercial leasing.

Recurring revenues reached AED 2.8 billion (US$0.8 billion), an increase of 7% year-on-year.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached AED 2.2 billion (US$0.6 billion), an increase of 7%.

This sector contributed approximately 30% of total earnings before interest, taxes, depreciation, and amortization (EBITDA) during the first quarter of 2026.

Despite ongoing economic fluctuations and geopolitical developments, Emaar is well-positioned to continue its growth trajectory, underpinned by a solid foundation in key markets, a high-quality project portfolio with record accumulated revenues of AED 163.4 billion (US$44.5 billion), and a resilient, sustainable revenue base. The Group will continue to closely monitor market developments, remaining committed to disciplined execution, prudent capital allocation, and delivering sustainable long-term value.

-I finish-

#Company Data

Disclaimer regarding the content of press releases
The content of this press release is provided by a third-party provider. We do not assume any responsibility for, nor do we have any control over, such content. This content is provided on an "as is" and "as available" basis and is not edited in any way. Neither we, nor our affiliates, will be liable for the accuracy, endorsement, or completeness of any opinions, views, information, or materials contained in this content.
This press release is provided for informational purposes only; the content does not constitute legal, investment, or tax advice, nor does it offer any opinion on the suitability, value, or profitability of any particular portfolio or investment strategy. Neither we nor our affiliates will be liable for any errors or inaccuracies in the content, or for any actions you take based on that content. You expressly agree and acknowledge full responsibility for your use of the information contained in this press release.
To the extent permitted by applicable law, Refinitiv, its parent company, subsidiaries, affiliates, relevant shareholders, directors, officers, employees, agents, advertisers, content providers, and licensors (collectively, the 'Refinitiv Parties') shall not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive, or exemplary damages; This includes, but is not limited to, losses of profits, savings, or revenues, whether due to negligence, tort, contract, or other theories of liability, even if the parties to Refinitiv were advised of the possibility of any such damages or losses occurring or actually anticipated them.