Emaar Properties PJSC said its net profit before tax increased by 18% to AED 19.8 billion (US$ 5.4 billion) in the first nine months of 2026, as the company reported higher revenue and EBITDA for the period ended 30 September 2026.
In results announced on 5 November 2026, the Dubai-listed developer reported total revenue of AED 37.5 billion (US$ 10.2 billion), up 13% year-on-year, and EBITDA of AED 19.7 billion (US$ 5.4 billion), up 19% year-on-year. Emaar said the figures were supported by project execution across its business lines and recognition of revenue from its existing backlog.
The company reported that revenue backlog from property sales reached AED 158.8 billion (US$ 43.2 billion) as of 30 September 2026, up 6% year-on-year, providing what it described as visibility for revenue recognition in the coming years.
Property sales, launches and delivery
Emaar said group property sales totalled AED 34.7 billion (US$ 9.4 billion) during the first nine months of 2026. It stated that it launched 14 projects across its master-planned communities over the same period.
The company also said it handed over more than 4,800 residential units in the UAE during the nine-month period, and that as of 30 September 2026, more than 80% of active projects in the UAE were ahead of schedule.
In relation to development spending and contracting, Emaar reported that its Emaar Development business awarded 23 main works contracts valued at AED 13.5 billion (US$ 3.7 billion) and 43 infrastructure works contracts worth AED 4.3 billion (US$ 1.2 billion) in the first nine months of 2026.
Special dividend approved
Emaar said its board of directors approved a one-time special dividend of AED 4.4 billion (US$ 1.2 billion), equivalent to AED 0.5 per share, representing 50% of share capital. The company said this is in addition to its regular annual dividend and attributed the move to its earnings profile during the year.
Land bank and development pipeline
Emaar said its land bank comprises approximately 604 million sq. ft. of development opportunities, including 315 million sq. ft. within the UAE. It described the land reserve as supporting its future development pipeline and long-term value creation.
The company also said it planned to align investment and launch decisions with market conditions while advancing construction across its development portfolio, following what it described as supportive operating conditions in the UAE despite uncertainty in global economic and geopolitical conditions.
Recurring income businesses and occupancy
Emaar reported that its shopping malls, retail and commercial leasing portfolio contributed recurring income during the first nine months of 2026. The company said revenue from this segment rose to AED 5.2 billion (US$ 1.4 billion), up 10% compared with 9M 2025, while EBITDA increased to AED 4.4 billion (US$ 1.2 billion), up 8% year-on-year. It stated occupancy was approximately 98% across the portfolio as of 30 September 2026.
For hospitality, leisure and entertainment, Emaar said performance was affected by lower international visitor numbers across the region, with domestic demand providing a partial offset. The company reported segment revenue of AED 2.4 billion (US$ 0.7 billion). It also said average UAE hotel occupancy was 63% during the first nine months of 2026, compared with 80% in the same period of 2025.
International operations and outlook
Emaar said its international development business contributed to the group’s diversified earnings profile, with activity supported by execution in Egypt and India. It reported international property sales of AED 8.5 billion (US$ 2.3 billion), up 5% year-on-year, and international revenue of AED 1.6 billion (US$ 0.4 billion), up 16% year-on-year, representing about 4.3% of total group revenue.
Looking ahead, Emaar said it remains focused on advancing its development pipeline, supported by the AED 158.8 billion revenue backlog as of 30 September 2026. The company said it will continue to align launches and investment with market conditions while prioritising construction progress, timely handovers and operating asset performance, adding that capital allocation, cost discipline and delivery quality will remain central as it prepares its next phase of development.
