Emaar Development Reports AED 22.4 Billion Property Sales in H1 2026 as Net Profit Jumps 43%

Dubai, UAE – August 9, 2026: Emaar Development PJSC (DFM: EMAARDEV), the UAE’s leading build-to-sell property developer and majority-owned subsidiary of Emaar Properties PJSC (DFM: EMAAR), reported a strong financial performance for the first half of 2026, supported by continued demand for its developments and the resilience of Dubai’s real estate market.

The company recorded AED 22.4 billion (US$6.1 billion) in property sales during the six months ended June 30, 2026. Net profit after tax rose 43% year-on-year to AED 6.7 billion (US$1.8 billion), while revenue increased 34% to AED 13.3 billion (US$3.6 billion).

Emaar Development said its performance was supported by disciplined project execution, strong customer confidence and the continued strength of Dubai’s economic fundamentals.

Revenue Rises 34% to AED 13.3 Billion

Emaar Development generated AED 13.3 billion in revenue during H1 2026, marking a 34% increase compared with the same period in 2025.

The growth was supported by steady construction progress and the recognition of revenue from ongoing residential and mixed-use developments.

The company said it continued to focus on operational efficiency, financial discipline and timely delivery across its project portfolio despite a backdrop of global economic and geopolitical uncertainty.

Net Profit Climbs 43%

Profitability remained a major highlight of the company's first-half performance.

EBITDA increased 42% year-on-year to AED 7.1 billion (US$1.9 billion), representing an EBITDA margin of 53%.

Net profit after tax reached AED 6.7 billion, up 43% from the corresponding period last year. The result translated into a 50% net profit margin.

The company attributed the improvement to operational discipline, portfolio strength and continued execution across its development pipeline.

Revenue Backlog Reaches AED 127.7 Billion

Emaar Development’s revenue backlog stood at AED 127.7 billion (US$34.8 billion) as of June 30, 2026, representing an 8% increase compared with H1 2025.

The substantial backlog provides the developer with visibility over future revenue and supports its longer-term growth strategy.

Despite a measured pace in property sales amid evolving geopolitical conditions, Emaar Development said it maintained pricing discipline and continued to see customer confidence across its master-planned communities and strategically timed project launches.

AED 22.4 Billion in Property Sales

Property sales reached AED 22.4 billion during the first half of 2026.

The company said sales activity reflected a measured approach to changing global and geopolitical conditions while maintaining strong pricing across its portfolio.

Emaar Development continues to operate a broad portfolio of master-planned communities and residential developments across Dubai, positioning the company to benefit from sustained demand in the emirate’s property market.

Construction Progress Remains on Schedule

Construction activity across Emaar Development’s ongoing projects progressed in line with planned schedules during H1 2026.

The company highlighted disciplined execution, governance and project management as key factors supporting the timely delivery of its developments.

Emaar also continued to use technology-enabled processes and AI-driven initiatives to improve operational efficiency and optimise development activities.

Large Land Bank Supports Long-Term Growth

Emaar continues to benefit from one of the region’s largest diversified master-planned land banks, with approximately 287 million square feet of mixed-use development opportunities.

The land bank provides the Group with significant capacity to support future developments and long-term value creation.

Emaar has also announced a new AED 200 billion masterplan, further expanding its development pipeline and reflecting its confidence in Dubai’s long-term growth prospects.

Focus on Customer Experience

Customer experience remained a key priority for Emaar Development during the first half of the year.

The company continued to focus on quality construction, digital engagement and integrated lifestyle destinations designed around changing customer expectations.

Its master-planned communities combine residential developments with retail, leisure and other lifestyle facilities, creating integrated destinations for residents and visitors.

AED 200 Million Contribution to Community Initiatives

Emaar Development also contributed AED 200 million (US$54 million) toward national community initiatives during H1 2026.

The contribution was divided equally between two dedicated endowment funds supporting orphans and vulnerable groups across the UAE.

The initiative reflects the company’s continued focus on contributing to the wider wellbeing of the communities in which it operates.

Sustainability Remains Part of Development Strategy

Emaar Development said sustainability continues to be integrated into its development activities through responsible planning, resource-efficient design and environmental considerations.

The company’s approach supports broader UAE sustainability objectives while incorporating environmental considerations into the planning and development of its communities.

Mohamed Alabbar: Dubai Continues to Demonstrate Long-Term Vision

Emaar founder Mohamed Alabbar said Dubai’s continued growth reflects the importance of ambition, consistency and long-term planning.

“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.”

Alabbar added that Emaar remains focused on building for the future while continuing to deliver value to stakeholders.

Emaar Development's Expanding Residential Pipeline

Emaar Development has delivered more than 84,000 residential units since 2002 and currently has more than 51,000 residential units under development.

Its portfolio includes some of Dubai’s most established master-planned communities and destinations, including Emirates Living, Downtown Dubai, Dubai Marina, Arabian Ranches, Dubai Creek Harbour, Dubai Hills Estate, Emaar South, Rashid Yachts & Marina, The Valley, The Oasis, Emaar Beachfront, Grand Polo Club and Resort, and Heights Country Club & Wellness.

With a AED 127.7 billion sales backlog, a substantial land bank and continued development activity, Emaar Development enters the second half of 2026 with significant visibility over its future pipeline.

The company said its focus remains on disciplined execution, customer experience, operational efficiency and long-term value creation as Dubai's real estate market continues to evolve.