Emaar Properties records 23pc revenue jump as Q1 2026 sales hit Dh22.4 billion
Strong UAE demand boosts development and leasing performance
DUBAI – Emaar Properties opened 2026 with a sharp rise in revenue, profit, and property sales as sustained demand across its core businesses strengthened the developer’s performance during the first quarter.
The Dubai-based group reported strong growth across development, malls, retail leasing, and international operations, supported by operational efficiencies and continued demand in the UAE property market.
The company said total revenue for Q1 2026 reached Dh12.4 billion ($3.4 billion), marking a 23 percent increase compared with the same period last year. EBITDA climbed even faster, rising 34 percent year-on-year to Dh7.2 billion ($2 billion), while net profit before tax also reached Dh7.2 billion, up 33 percent.
Property sales for the quarter stood at approximately Dh22.4 billion ($6.1 billion), an increase of 16 percent compared with Q1 2025. As of March 31, 2026, the company’s revenue backlog surged to around Dh163.4 billion ($44.5 billion), up 29 percent year-on-year, offering strong visibility for future earnings.
Within the UAE development business, property sales climbed to Dh20.1 billion ($5.5 billion), reflecting a 22 percent increase over the same period last year. Emaar Development reported revenue of Dh6.9 billion ($1.9 billion), up 36 percent, while net profit before tax rose 46 percent to Dh4 billion ($1.1 billion).
The company’s net profit after tax reached Dh3.5 billion ($953 million), recording a 49 percent increase compared with Q1 2025.
Mohamed Alabbar, founder of Emaar Properties, said the results reflected the resilience of the UAE economy despite wider regional volatility.
“Our performance in the first quarter of 2026 reflects the strength and resilience of the UAE economy, which continues to provide a stable foundation despite broader regional volatility,” Alabbar said.
He added that the company remained focused on delivering high-quality developments while maintaining operational discipline and long-term value creation through a diversified business model.
Overseas momentum
Emaar’s international development business continued contributing to overall growth, led by strong performance in Egypt. International property sales reached Dh2.3 billion ($0.6 billion), while revenue from overseas operations stood at Dh0.7 billion ($0.18 billion), up 5 percent year-on-year.
International development contributed around 5.3 percent of total group revenue during the quarter, reinforcing the company’s diversification strategy beyond the UAE market.
Leasing strength
The group’s malls, retail, and commercial leasing portfolio also delivered another quarter of solid performance. Revenue from the segment rose 15 percent year-on-year to Dh1.8 billion ($0.5 billion), while EBITDA increased 16 percent to Dh1.5 billion ($0.4 billion).
Average occupancy across the portfolio stood at 98 per cent as of March 31, 2026, supported by strong asset quality and improved lease rental performance on renewals.
Meanwhile, Emaar’s hospitality, leisure, and entertainment portfolio generated Dh1 billion ($0.3 billion) in revenue during Q1 2026, broadly in line with the same period last year. Average UAE hotel occupancy across the portfolio reached 69 percent during the quarter.