Emaar Properties PJSC reported a strong performance in the first quarter of 2026, driven by sustained demand across its core segments, disciplined execution, and the strength of its diversified business model.
Revenue for the period rose 23%, while EBITDA increased at a faster pace of 34%, reflecting improved operating leverage, portfolio quality, and continued cost efficiency. Net profit before tax also reached AED 7.2 billion (USD 2 billion), up 33% year-on-year.
The UAE development business remained a key growth driver, supported by healthy occupancy levels in malls and commercial assets, along with steady contributions from international operations.
Property sales for Q1 2026 reached approximately AED 22.4 billion (USD 6.1 billion), marking a 16% increase compared to the same period last year. Total property sales across the group stood at AED 20.1 billion (USD 5.5 billion), up 22% year-on-year.
As of 31 March 2026, Emaar’s revenue backlog rose 29% year-on-year to approximately AED 163.4 billion (USD 44.5 billion), providing strong visibility for future earnings.
Total revenue for the quarter reached AED 12.4 billion (USD 3.4 billion), supported by contributions from both UAE and international markets. EBITDA stood at AED 7.2 billion (USD 2 billion), reflecting 34% growth year-on-year, driven by operational efficiencies and stable margins across business units.
Emaar Development posted revenue of AED 6.9 billion (USD 1.9 billion), up 36%, while net profit before tax increased 46% to AED 4.0 billion (USD 1.1 billion). Net profit after tax rose 49% year-on-year to AED 3.5 billion (USD 953 million).
Founder Mohamed Alabbar attributed the performance to the resilience of the UAE economy, noting that Emaar remains focused on delivering high-quality developments, maintaining operational discipline, and creating long-term value through a diversified model.
The international development segment continued to support group growth, with Egypt leading performance. International property sales reached AED 2.3 billion (USD 0.6 billion), while revenue stood at AED 0.7 billion (USD 0.18 billion), up 5% year-on-year and accounting for 5.3% of total group revenue.
Emaar’s malls, retail, and commercial leasing portfolio delivered another strong quarter, with revenues rising 15% to AED 1.8 billion (USD 0.5 billion) and EBITDA increasing 16% to AED 1.5 billion (USD 0.4 billion). Portfolio occupancy remained high at 98%.
The hospitality, leisure, and entertainment segment recorded stable performance, generating AED 1.0 billion (USD 0.3 billion) in revenue, with UAE hotel occupancy averaging 69% during the quarter.
