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

Emaar Properties reported a 23% year-on-year increase in net profit before tax to AED 12.8 billion ($3.5 billion) for H1 2026. The group’s total revenue rose 21% to AED 23.9 billion ($6.5 billion), while EBITDA grew by 24% to AED 12.9 billion, driven by disciplined project execution and the continued strength of Dubai's economic fundamentals.
Revenue backlog reached AED 164.9 billion ($44.9 billion) as of June 30, 2026, marking a 13% increase compared to the previous year. This substantial backlog provides the company with significant visibility for future revenue recognition across its multi-year development cycle.
The UAE build-to-sell segment, led by Emaar Development PJSC, served as a primary growth engine with revenue increasing 34% to AED 13.3 billion and net profit before tax rising 41% to AED 7.8 billion. Overall group property sales for the half-year totaled AED 26.6 billion ($7.2 billion), supported by 11 new project launches and a strategic land bank of 590 million sq. ft.
Recurring revenue from shopping malls, retail, and commercial leasing grew 9% to AED 3.5 billion, maintaining high occupancy levels of approximately 98%. The total recurring income portfolio ge