Emaar Properties kicked off 2026 with a strong financial performance, posting a 33 percent year-on-year rise in net profit before tax to AED7.2 billion ($2 billion) for the first quarter, driven by robust property sales, high occupancy rates and disciplined cost management.
Total revenue for the period reached AED12.4 billion ($3.4 billion), up 23 percent compared to Q1 2025, while EBITDA grew at a faster pace of 34 percent to AED7.2 billion ($2 billion), reflecting improved operating leverage across the group's diversified portfolio. Net profit after tax came in at AED3.5 billion ($953 million), a jump of 49 percent year-on-year.
Property sales were a standout, reaching AED22.4 billion ($6.1 billion) in Q1 2026, a 16 percent increase from the same period last year. The group's revenue backlog rose 29 percent year-on-year to AED163.4 billion ($44.5 billion), providing strong forward visibility.
Emaar Development led the charge with revenue of AED6.9 billion ($1.9 billion), up 36 percent, and net profit before tax of AED4.0 billion ($1.1 billion), up 46 percent.
The malls, retail and commercial leasing segment maintained average occupancy of 98 percent, with revenues climbing 15 percent to AED1.8 billion ($0.5 billion). The hospitality portfolio generated AED1.0 billion ($0.3 billion) in revenue, broadly in line with Q1 2025, at a UAE hotel occupancy rate of 69 percent.
International operations, led by Egypt, contributed AED2.3 billion in property sales and accounted for 5.3 percent of total group revenue.
Mohamed Alabbar, Founder of Emaar, attributed the results to the resilience of the UAE economy, adding that the group remains focused on quality development and long-term value creation.
News Source: Emirates News Agency
