Emaar Development Surpasses AED 100 Billion Backlog as Q1 Sales Soar 28%

Dubai’s real estate market continues to witness remarkable growth, with Emaar Development, one of the city’s leading developers, reporting outstanding financial results for the first quarter of 2025. The company achieved property sales totaling AED 16.5 billion (US$4.5 billion), marking an impressive 28% increase from the AED 12.9 billion (US$3.5 billion) recorded in the same period in 2024. This surge reflects the company’s strong positioning in a dynamic market and its ability to capitalize on the booming demand for residential and commercial properties in Dubai.

The solid performance in Q1 2025 has pushed Emaar’s revenue backlog to a record AED 100.1 billion (US$27.3 billion) as of March 31, 2025, which speaks volumes about the long-term growth prospects for the company. The backlog is an important indicator of future revenue, showcasing the developer's robust pipeline of projects under development and its strong foothold in the real estate market.

A Strong Financial Performance

Emaar Development’s financial metrics reflect the company’s consistent growth trajectory, solidifying its status as a market leader in the UAE’s competitive real estate sector. Key financial highlights for Q1 2025 include:

• Revenue: The company’s revenue surged by 43%, reaching AED 5 billion (US$1.4 billion), compared to AED 3.5 billion (US$953 million) in the first quarter of 2024. This increase is attributed to the strong demand for high-end residential and commercial properties, as well as the successful launch and delivery of key projects.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): Emaar reported an 48% increase in EBITDA, which rose to AED 2.5 billion (US$683 million), reflecting operational efficiencies and the continued expansion of the company’s project portfolio.
• Net Profit (Before Tax): The company’s net profit before tax climbed by 49%, reaching AED 2.8 billion (US$753 million), further reinforcing Emaar’s healthy profit margins and sustainable business model.

These financial results underscore Emaar Development's resilience and strong operational execution amidst an ever-evolving market environment. The company’s strategic focus on quality developments, coupled with its commitment to sustainability and innovation, has allowed it to maintain an upward growth trajectory, even in a competitive and rapidly changing real estate landscape.

Project Launches and Expanding Portfolio

Emaar Development’s strategic approach to growth is also evident in its continued expansion of project launches. In Q1 2025, the company successfully launched 12 new projects across its various masterplans, contributing to the impressive sales figures and solidifying its market leadership. These launches include a mix of residential, commercial, and mixed-use developments, catering to a diverse range of customer preferences.

To date, Emaar has delivered 76,000 residential units since its inception in 2002. With over 43,500 units currently under development, the company is positioned to meet the rising demand for high-quality, modern living spaces in some of Dubai’s most sought-after areas. The new projects align with the growing need for integrated communities and lifestyle offerings, which continue to attract both local and international investors.

Emaar’s Commitment to Innovation and Sustainability

Mohamed Alabbar, founder of Emaar Development, highlighted the company’s commitment to both innovation and sustainability in the company’s future projects. “Our focus on long-term sustainability, cutting-edge design, and seamless customer experiences has allowed us to stay ahead of the curve, even in a rapidly changing market,” Alabbar stated.

Sustainability has become a core pillar of Emaar’s business strategy, with the company actively incorporating green building practices, energy-efficient technologies, and eco-friendly infrastructure into its projects. This commitment is aligned with the UAE’s broader sustainability goals and will continue to be a focus for the company moving forward.