Emaar Reports 22% Surge in Property Sales to USD 16.6 Billion in 9M 2025

DUBAI, UAE: Emaar Properties has reported strong financial results for the first nine months of 2025, with property sales rising 22% year-on-year to USD 16.6 billion (AED 61 billion), underscoring continued investor confidence and robust demand across the developer’s growing portfolio of communities.

The results highlight another record-breaking year for Dubai’s largest real estate developer, supported by solid domestic performance, expanding international operations, and sustained growth across retail, hospitality, and leisure divisions.

Revenue and Profit Growth

Emaar posted a 35% year-on-year increase in net profit before tax to USD 4.5 billion (AED 16.7 billion) for the first nine months of 2025. Total revenue for the period climbed 39% year-on-year to USD 9 billion (AED 33.1 billion), driven largely by strong demand in its UAE developments and new project launches.

The company’s EBITDA grew 32% to USD 4.5 billion (AED 16.6 billion), supported by robust margins across all segments. Emaar’s revenue backlog, representing future revenue from property sales — reached USD 41 billion (AED 150.3 billion) as of September 30, marking a 49% increase from the previous year.

Development Segment Drives Growth

Emaar Development continued to lead performance, with property sales of USD 14.4 billion (AED 52.9 billion) — a 10% year-on-year rise, reflecting the enduring strength of Dubai’s real estate market.

The surge was fuelled by timely project execution and major launches across master-planned communities such as Dubai Hills Estate, The Oasis, Rashid Yachts & Marina, Dubai Creek Harbour, The Valley, and the newly announced Grand Polo Club and Resort.

Revenue from this segment rose 41% to USD 4.8 billion (AED 17.6 billion), while net profit before tax climbed 49% to USD 2.7 billion (AED 9.8 billion). Emaar’s UAE development backlog stood at USD 35.4 billion (AED 130 billion), reflecting sustained local and international investor appetite.

Retail and Hospitality Segments Strengthen Portfolio

Emaar’s shopping malls, retail, and leasing segment generated USD 1.3 billion (AED 4.7 billion) in revenue during the first nine months, a 12% increase from the previous year. The performance was driven by high tenant sales, record footfall, and sustained occupancy rates averaging above 98% across its retail portfolio.

Meanwhile, the hospitality, leisure, and entertainment segment posted USD 800 million (AED 3 billion) in revenue, up 15% year-on-year, supported by Dubai’s thriving tourism sector and rising domestic spending. Emaar’s UAE hotels maintained an average occupancy rate of 72%, with one new hotel featuring approximately 87 keys, added to the company’s growing portfolio in Q3 2025.

International Expansion Accelerates

Emaar’s international operations recorded a remarkable 331% surge in property sales, reaching USD 2.2 billion (AED 8.1 billion) in the first nine months, largely driven by projects in Egypt and India.

Revenues from international operations totaled USD 400 million (AED 1.4 billion), contributing 4.3% to the group’s overall revenue. The sharp increase underscores Emaar’s expanding global footprint and successful diversification beyond its home market.

With its robust backlog, diversified portfolio, and expanding global presence, Emaar is well positioned to sustain its growth trajectory heading into 2026. The company continues to play a leading role in shaping Dubai’s evolving real estate landscape, underpinned by strong fundamentals and global investor demand.