Emaar Properties reported a 33% year-on-year increase in net profit before tax to AED 7.2 billion ($2 billion) for the first quarter of 2026, driven by robust demand in its core UAE development business and sustained cost discipline.
Total revenue grew 23% to AED 12.4 billion ($3.4 billion), while EBITDA rose 34% to AED 7.2 billion, reflecting significant operating leverage and healthy occupancy rates of 98% across its malls and commercial assets.
Property sales reached AED 22.4 billion ($6.1 billion) in Q1 2026, contributing to a record revenue backlog of AED 163.4 billion ($44.5 billion) that provides strong earnings visibility for the coming years.
The company highlighted its strong liquidity position by declaring and distributing a dividend of AED 8.9 billion ($2.4 billion), equivalent to 100% of its share capital, for the second consecutive year.
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