Press Release regarding financial results for the 2nd QTR of 2026

Emaar Development reported a 43% year-on-year increase in net profit for the first half of 2026, reaching AED 6.7 billion (US$ 1.8 billion). This performance reflects a robust net profit margin of 50%, supported by the continued strength of Dubai’s economic fundamentals and disciplined project execution.
Total revenue rose 34% to AED 13.3 billion (US$ 3.6 billion), driven by property sales of AED 22.4 billion during the six-month period. EBITDA grew by 42% to AED 7.1 billion, maintaining a high margin of 53% as the company maintained pricing integrity across its master-planned communities.
The revenue backlog increased by 8% to AED 127.7 billion (US$ 34.8 billion), providing strong long-term visibility for future earnings. This pipeline is further reinforced by the announcement of a new AED 200 billion masterplan and a strategically positioned land bank of approximately 287 million sq. ft.
Operational results were bolstered by a significant 410% increase in income from joint ventures, which contributed AED 734 million to the bottom line. The company currently has over 51,000 residential units under development, with construction progressing in line with schedules to meet de