Emaar Revenue Soars 21% to AED23.9 Billion in H1 2026, Profit and EBITDA Surge
DUBAI: Emaar Properties PJSC reported a robust performance for the first half of 2026, achieving a revenue increase of 21% to AED23.9 billion (US$6.5 billion). The company also saw its EBITDA rise by 24% to AED12.9 billion (US$3.5 billion) and net profit before tax grow by 23% to AED12.8 billion (US$3.5 billion). This performance underscores Emaar’s balanced contributions across its development, recurring income, and international operations.
Strong Property Sales and Revenue Backlog
During the first half of 2026, Emaar recorded property sales of approximately AED26.6 billion (US$7.2 billion). The revenue backlog from these sales reached AED164.9 billion (US$44.9 billion) as of June 30, 2026, marking a 13% year-on-year increase. This backlog provides strong visibility for future revenue recognition.
Emaar’s extensive land bank, one of the largest and most diversified in the region, encompasses around 590 million sq. ft. of mixed-use development opportunities, including approximately 316 million sq. ft. within the UAE.
Emaar Development’s Performance
Emaar Development PJSC reported a revenue of AED13.3 billion (US$3.6 billion), reflecting a 34% increase year-on-year. The net profit before tax for Emaar Development reached AED7.8 billion (US$2.1 billion), a 41% growth compared to the same period last year. Consolidated revenue from property development operations in the UAE was AED17.7 billion (US$4.8 billion), up 30% year-on-year.
The revenue backlog from projects under development in the UAE stood at AED135.7 billion (US$36.9 billion) as of June 30, 2026, representing a 6% increase compared to the first half of 2025. This growth provides a clear outlook for future revenue recognition.
Strategic Expansion and New Masterplan
In the first half of the year, Emaar strategically expanded its residential portfolio, launching 11 projects across various masterplans, including Emaar South, Dubai Hills Estate, and Rashid Yachts & Marina. Additionally, the company announced a landmark AED200 billion masterplan, further enhancing its long-term development pipeline and reinforcing confidence in Dubai’s growth trajectory.
Emaar’s international development business also contributed positively to the Group’s diversified earnings profile. Performance was particularly strong in key markets such as Egypt and India, with property sales reaching AED4.2 billion (US$1.1 billion) and revenue standing at AED1.1 billion (US$0.3 billion), an 8% increase year-on-year.
Retail and Hospitality Performance
Emaar’s shopping malls, retail, and commercial leasing portfolio demonstrated solid performance in the first half of 2026, generating revenue of AED3.5 billion (US$1.0 billion), a 9% increase compared to the same period last year. EBITDA for this segment reached AED3.1 billion (US$0.8 billion), reflecting a 10% year-on-year increase. The average occupancy across the portfolio was approximately 98% as of June 30, 2026.
The hospitality, leisure, and entertainment sectors also made significant contributions, generating revenue of AED1.6 billion (US$0.4 billion). The Group’s hotels in the UAE achieved an average occupancy rate of 60% during the first half of 2026.
Recurring Revenue Stability
Emaar’s diversified recurring revenue portfolio remained a key contributor to earnings resilience and cash flow generation. Supported by a high-quality mix of shopping malls, hospitality, leisure, entertainment, and commercial leasing assets, this portfolio provides a stable income stream that underpins the Group’s long-term growth strategy. Recurring revenue reached AED5.1 billion (US$1.4 billion), consistent with H1 2025, while recurring revenue EBITDA stood at AED4.0 billion (US$1.1 billion), also similar to the previous year.
As reported by www.emirates247.com.
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Published on 2026-08-07 13:44:00 • By FAME Delivered News Desk