• Revenue increased by 38% to AED 19.8 billion (US$ 5.4 billion)
  • EBITDA increased 30% to AED 10.4 billion (US$ 2.8 billion)
  • Net profit before tax increased by 34% to AED 10.4 billion (US$ 2.8 billion)

Dubai, United Arab Emirates – 6 August 2025: Emaar Properties PJSC (DFM: EMAAR) has once again delivered a robust quarterly performance. Building on the solid foundation set in Q1 2025, the company reported sustained growth across all core business segments in the second quarter. The continued strength in property sales, a growing revenue backlog, and improved profitability reflect Emaar’s focused strategy, strong brand equity, and the enduring demand for its master-planned communities and lifestyle offerings.

Key Highlights of the H1 2025 Results:

  • Sales Growth: Emaar reported property sales of ~AED 46 billion (US$ 12.5 billion) in H1 2025, representing an increase of 46% compared to H1 2024 and surpassing previous sales records. This performance reflects continued investor confidence and demand across our projects.
  • Backlog Growth: Revenue backlog from property sales grew to AED 146.3 billion (US$ 39.8 billion) as of 30 June 2025, representing a 62% increase year-on-year, further reinforcing the company’s future revenue visibility.
  • Revenue Growth: Revenue increased to AED 19.8 billion (US$ 5.4 billion), marking a growth of 38% over the same period last year, driven by robust performance across development, retail, hospitality, and international operations.
  • Profitability: Emaar reported an EBITDA of AED 10.4 billion (US$ 2.8 billion), up 30% year-on-year, with a healthy margin of over 52%. Net profit before tax increased to AED 10.4 billion (US$ 2.8 billion), recording a growth of 34% compared to same period last year.
  • Customer Satisfaction: Emaar continues to lead in customer experience by maintaining excellence in product quality, design, and community living.
  • Credit Rating: Following the upgrade in Emaar’s credit rating by S&P Global to BBB+, in Q2 2025 Moody’s has also raised Emaar’s credit rating to Baa1, both with stable outlooks. These upgrades reinforce the strength of our strategy, operational excellence, and sustained performance.
  • Focus on Talent Development: Emaar strengthened its commitment to Emirati talent through the launch of its first Youth Council, the rollout of Focused Mentorship 3.0, and continued sponsorship of professional certifications such as the CFA — all aimed at developing a future-ready workforce.
  • Cost and Efficiency Focus: The company maintains a strong focus on managing costs efficiently while maximising value and performance across all business lines.
  • Sustainability Initiatives: The company is advancing its ESG agenda, focusing on energy efficiency, responsible sourcing, and circularity, building on its upgraded ESG rating from MSCI.

Mohamed Alabbar, founder of Emaar, commented: “Numbers alone don’t tell the full story. Behind every sale, every project, every community, there’s intent. There’s a team asking: how can we do better? How can we make someone’s everyday more meaningful? first half of 2025 reflects that mindset. The focus goes beyond meeting targets to creating lasting impact and fostering stronger connections that inspire continuous growth.”

UAE Build-To-Sell Property Development

Emaar Development PJSC (DFM: EMAARDEV) sustained its strong momentum in the first half of 2025, delivering impressive results in both property sales and construction progress. The UAE development businesses witnessed exceptional growth in H1 2025, with 25 new project launches across prime master communities, property sales reached AED 40.6 billion (US$ 11.1 billion), reflecting a 37% surge over the same period last year.

Emaar Development reported revenue of ~AED 10 billion (US$ 2.7 billion), achieving a growth of 35% year-on-year, and a net profit before tax of AED 5.5 billion (US$ 1.5 billion), up by 50% compared to H1 2024. The consolidated revenue of Emaar Properties from its property development business in the UAE during H1 2025 increased to AED 13.5 billion (US$ 3.7 billion), up 50% from same period last year.

Revenue backlog from UAE developments reached AED 128.6 billion (US$ 35 billion) as of 30 June 2025, marking a 50% increase over H1 2024 and underscoring sustained market interest in premium lifestyle offerings across Dubai.

Shopping Malls, Retail, and Commercial Leasing

Emaar’s shopping malls and leasing portfolio delivered a strong performance with revenue of AED 3.2 billion (US$ 871 million) in H1 2025, up 14% year-on-year, and EBITDA of AED 2.8 billion (US$ 762 million), an increase of 18% compared to H1 2024. This growth was driven by continued growth in tenant sales and sustained healthy occupancy across key assets resulting in increased rental income. As of 30 June 2025, our mall assets maintained an average occupancy of 98%.

International Development

Emaar’s international operations recorded property sales of AED 5.3 billion (US$ 1.4 billion) in H1 2025, marking an increase of 200% over H1 2024 driven by continued demand across key markets, and revenue reached to AED 1 billion (US$ 272 million), up 26% compared to the same period last year. The performance of international operations was primarily driven by strong demand for real estate assets in India and Egypt. Revenue from International real estate operations contributed approx. 5% of total revenue of Emaar in H1 2025.

Hospitality, Leisure, and Entertainment

Emaar’s hospitality, leisure, and entertainment businesses recorded revenues of AED 2.1 billion (US$ 572 million), supported by strong tourist activity and growing domestic demand. Emaar’s UAE hotels achieved an average occupancy rate of 80% in H1 2025, compared to 78% in the first half of 2024. The company added 2 hotels featuring over 600 keys in the first half of 2025, expanding its portfolio and strengthening its presence in the sector.

Recurring Revenue

Emaar’s diverse and sustainable recurring revenue-generating portfolio, encompassing malls, hospitality, leisure, entertainment, and commercial leasing, achieved strong results in H1 2025. The portfolio recorded a revenue increase of 15%, reaching AED 5.3 billion (US$ 1.4 billion) during H1 2025, and an EBITDA of 4.1 billion (US$ 1.1 billion) achieving a growth of 16% compared to the same period last year. This portfolio continues to provide stable income streams and robust cash flows for Emaar. EBITDA from this portfolio constituted 40% of Emaar’s total EBITDA in H1 2025

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Note to Editors:

About Emaar Properties

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of approximately 1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 122,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approximately 1.4 million sq. mtr. of leasing revenue-generating assets and 40 hotels and resorts with over 9,800 keys (includes owned as well as managed hotels). Today, around 32 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:

Facebook: www.facebook.com/emaardubai; X:www.twitter.com/emaardubai; Instagram: www.instagram.com/emaardubai

For all media queries, please contact: PR@emaar.ae

  • Revenue increased by 35% to AED 10 billion (US$ 2.7 billion)
  • EBITDA increased by 47% to AED 5 billion (US$ 1.4 billion), at a healthy 50% margin
  • Net Profit before tax increased by 50% to AED 5.5 billion (US$ 1.5 billion); a net margin of 55%.

Dubai, United Arab Emirates – xx August 2025: Emaar Development PJSC (DFM: EMAARDEV), the UAE’s premier build-to-sell property development company and majority-owned subsidiary of Emaar Properties PJSC (DFM: EMAAR), delivered strong results in first half of 2025 (January to June), demonstrating sustained operational strength and market leadership.

Key Highlights of the Results:

  • Sales Growth: Emaar Development achieved property sales of AED 40.6 billion (US$ 11 billion); compared to AED 29.7 billion (US$ 8.1 billion) during first half of 2024 (January to June), an increase of 37%. This growth is supported by the successful launch of 25 new projects across key masterplans during first half of 2025, reinforcing Emaar’s dominant market position.
  • Backlog Growth: Enhanced by record sales during first half of 2025, revenue backlog has now increased to AED 117.7 billion (US$ 32 billion) as of 30 June 2025; an increase of 59% compared to the same period last year, indicating a significant increase in revenue in the forthcoming years.
  • Revenue Growth: Emaar Development recorded Revenue of AED 10 billion (US$ 2.7 billion) in first half of 2025, a 35% increase compared to first half of 2024.
  • Profitability: The company recorded Net Profit (before tax) of AED 5.5 billion (US$ 1.5 billion); an increase of 50% as compared to first half of 2024, supported by operational efficiencies and robust project execution.  
  • Customer Satisfaction: Emaar continues its commitment to delivering exceptional quality and enhancing customer satisfaction, reinforcing trust and long-term relationships.
  • Sustainability: The company advances its sustainable development practices, focusing on energy efficiency, resource management, and environmental responsibility.

Mohamed Alabbar, founder of Emaar, stated: “Our results for first half of 2025 demonstrate the resilience and dynamism in a competitive market. Beyond financial metrics, we remain dedicated to elevating lifestyles and creating communities where people can truly grow. Our innovation-driven approach and customer-centric focus continue to be key pillars of our success.”

He added: “Rather than reacting to market shifts, Emaar is actively shaping what the future of urban living looks like. By blending visionary design with sustainability and cutting-edge technology, we are creating spaces that reflect the aspirations of today and the possibilities of tomorrow, and this is how we turn growth into legacy.”

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Note to editors:

About Emaar Development PJSC:

Emaar Development is a developer of prime residential and commercial build-to-sell (BTS) assets in the UAE. The company is behind iconic freehold master-planned communities in Dubai, including Emirates Living, Downtown Dubai, Dubai Marina, Arabian Ranches, Dubai Creek Harbour, Dubai Hills Estate, Emaar South, Rashid Yachts & Marina, The Valley, The Oasis, Emaar Beachfront and Grand Polo Club and Resort. It has delivered over 77,500 residential units since 2002. The company has a sales backlog of AED 117.7 billion. It is a high cash flow generating business, highlighting the company’s robust fundamentals with over 45,500 residential units under development to be delivered.

For more information, please visit https://properties.emaar.com/en/investor-relations/emaar-development-pjsc/

For media queries: PR@emaar.ae

  • The Chance to Win AED 100,000 is Still On!

Dubai, United Arab Emirates, 27 May 2025: In light of the tremendous interest and growing excitement surrounding the Burj Khalifa Projection Design Competition, Emaar has announced the extension of the submission deadline to 26 June 2025. The extension allows more creatives across the UAE—both emerging and established—to take part in this extraordinary opportunity to showcase their work on the world’s tallest building.

The winning design will receive a cash prize of AED 100,000 and the exceptional opportunity to be displayed on the iconic façade of Burj Khalifa—offering the artist global exposure and the chance to inspire millions.

The competition invites participants to submit original videos or animations, each lasting three minutes, reflecting the spirit of creativity, innovation, and Dubai’s ever-evolving identity. Submissions must meet specific technical requirements to ensure compatibility with Burj Khalifa’s advanced projection system.

For full technical guidelines, as well as terms and conditions, please visit: www.burjkhalifa.ae/open-call.

Submissions should be sent via email to opencall@emaar.ae, along with a short concept description outlining the inspiration and story behind the design.

Through this initiative, Emaar reaffirms its commitment to celebrating artistic excellence and offering visionary creators a platform to leave their mark on one of the most recognised landmarks in the world. All artists, designers, and creatives in the UAE are encouraged to seize this one-of-a-kind opportunity.

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About Emaar Development PJSC

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of ~1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 120,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 40 hotels and resorts with over 9,800 keys (includes owned as well as managed hotels). Today, 32 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:

Facebook: www.facebook.com/emaardubai; X:www.twitter.com/emaardubai; Instagram: www.instagram.com/emaardubai

For all media queries, please contact: PR@emaar.ae

  • At 74 metres, Emaar Properties Station on Dubai Metro’s Blue Line marks a new chapter in the city’s transit

Dubai, United Arab Emirates, 10 June 2025: Emaar is proud to announce that it has secured the official naming rights for the most iconic station on the upcoming Dubai Metro Blue Line. The “Emaar Properties Station,” set to become the highest metro station in the world, will stand at a remarkable height of 74 metres, symbolising Dubai’s relentless ambition and architectural excellence.

The announcement was made during the foundation stone laying ceremony of the Blue Line, in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The event also saw the approval of the station’s distinctive architectural design, developed by globally renowned architecture firm Skidmore, Owings & Merrill (SOM)—the designers behind celebrated landmarks such as Burj Khalifa.

The Emaar Properties Station will serve as a striking new gateway within Dubai’s expanding mobility network, harmoniously integrating innovation, sustainability, and aesthetic brilliance. Covering approximately 11,000 square metres, the station is designed to accommodate up to 160,000 passengers per day and is expected to handle more than 70,000 daily users by 2040.

Inspired by the concept of a “crossing gateway,” the station’s dynamic form, expansive volumes, and sophisticated material palette—including Jura limestone, bronze metal panels, and granite flooring—will offer a premium transit experience. The interiors are designed to reflect warmth, resilience, and a deep connection to the land, while allowing natural light to flood both lobby and platform levels through glass ceiling panels.

This milestone reflects Emaar’s continued contribution to the city’s infrastructural evolution and its commitment to shaping a more connected, innovative, and sustainable urban future.

The naming rights agreement spans a period of ten years, commencing from the station’s official launch in 2029. Additional naming rights for other Blue Line stations will be announced in due course.

As a pioneer in shaping Dubai’s skyline and community life, Emaar is honoured to be part of this pivotal chapter in the city’s infrastructure journey, reinforcing the company’s long-standing vision to create enduring landmarks that inspire, connect, and elevate everyday experiences.

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About Emaar Development PJSC

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of ~1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 120,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 40 hotels and resorts with over 9,800 keys (includes owned as well as managed hotels). Today, 32 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:

Facebook: www.facebook.com/emaardubai; X:www.twitter.com/emaardubai; Instagram: www.instagram.com/emaardubai

For all media queries, please contact: PR@emaar.ae

  • S&P Global Ratings upgrades Emaar’s rating to BBB+ with Stable Outlook
  • Moody’s upgrades Emaar’s rating to Baa1 with Stable Outlook

Dubai, United Arab Emirates, 11 June 2025: Emaar Properties PJSC (DFM: EMAAR), one of the world’s most valuable and respected real estate development companies, has announced that both S&P Global Ratings and Moody’s Ratings have upgraded the company’s long-term issuer credit ratings, reinforcing Emaar’s position as a financially resilient and strategically agile market leader.

S&P Global Ratings upgraded its long-term issuer credit rating to BBB+ from BBB, with a stable outlook, while Moody’s upgraded Emaar’s long-term issuer rating to Baa1 from Baa2, also with a stable outlook. These upgrades reflect Emaar’s robust financial fundamentals, consistent performance, and sound strategic direction.

The same S&P and Moody’s rating upgrade has been applied to Emaar’s senior unsecured debt.

Strong Financial Position and Strategic Execution

As of March 2025, Emaar reported a revenue backlog of approximately AED 127 billion (US$ 34.6 billion), providing strong revenue and cash flow visibility through 2028. The company’s recurring income portfolio continues to expand, supported by disciplined execution, resilient operations, and diversified income streams.

S&P’s upgrade was driven by Emaar’s record-high backlog of AED 110 billion (US$ 29.9 billion) as of December 2024, and healthy presales in the UAE of AED 65.4 billion (US$ 17.8 billion) during 2024, alongside a net cash position, low leverage, and strong adjusted EBITDA margins.

Moody’s highlighted significant reduction in adjusted debt of Emaar from 2020 to March 2025 and the drop in debt to equity ratio over the same period.

Commenting on the announcements, Mohamed Alabbar, Founder of Emaar, said:
“We are proud to receive this recognition from both S&P and Moody’s, which underscores the strength of our strategy, the quality of our assets, and the discipline we maintain in financial management. These upgrades reflect not only our performance, but also the confidence in Dubai’s economy and real estate market. We will continue to pursue sustainable growth, innovation, and value creation for our shareholders and stakeholders alike.”

Liquidity and Resilience

Emaar reported an interest coverage ratio of approximately 24 times for the twelve months ending March 2025 and holds AED 25.4 billion (US$ 6.9 billion) in cash (excluding escrow balances), along with AED 7.4 billion (US$ 2 billion) in undrawn committed credit facilities, providing ample liquidity and financial flexibility.

S&P noted that Emaar’s strong mall, hospitality, and entertainment operations, in addition to the resilience of its real estate development business, contributed to the rating action. Dubai Mall, for instance, recorded over 111 million visitors in 2024, with overall mall portfolio occupancy of 98.5%, showcasing the strength of Emaar’s recurring income-generating assets.

Outlook

Both agencies issued a stable outlook, reflecting their expectation that Emaar will maintain solid credit metrics, strong liquidity, and continued operational performance.

These dual upgrades reinforce Emaar’s reputation as a leading player in the global real estate sector, anchored in a dynamic and fast-growing market.

-END-


About Emaar Development PJSC

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of ~1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 120,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 40 hotels and resorts with over 9,800 keys (includes owned as well as managed hotels). Today, 32 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:

Facebook: www.facebook.com/emaardubai; X:www.twitter.com/emaardubai; Instagram: www.instagram.com/emaardubai

For all media queries, please contact: PR@emaar.ae

  • Revenue increased by 50% to AED 10.1 billion (US$ 2.8 billion)
  • EBITDA grew to reach AED 5.4 billion (US$ 1.5 billion), at a healthy 53% margin
  • Net profit before tax increased by 27% to AED 5.4 billion (US$ 1.5 billion)

Dubai, United Arab Emirates – 8 April 2025: In Q1 2025, Emaar Properties PJSC (DFM: EMAAR) carried forward its momentum from last year and delivered a strong performance, continuing to redefine industry benchmarks and drive sustainable growth across its diversified portfolio. This performance highlights the company’s operational excellence, customer-centric approach, and commitment to creating value for all stakeholders.

Key Highlights of the Q1 2025 Results:

  • Sales Growth: Emaar achieved property sales of ~AED 19.3 billion (US$ 5.3 billion); an increase of 42% over Q1 2024 sales of ~AED 13.5 billion (US$ 3.7 billion).
  • Backlog Growth: The company’s revenue backlog from property sales increased to ~AED 127 billion (US$ 34.6 billion) as of 31 March 2025, marking a 62% increase from the same period last year and indicating strong revenue growth for the coming years.
  • Revenue Growth: Emaar recorded revenue of AED 10.1 billion (US$ 2.8 billion) in Q1 2025, an 50% increase compared to the same period in 2024.
  • Profitability: The company reported an EBITDA of AED 5.4 billion (US$ 1.5 billion), up 24% from same period last year, with a healthy margin exceeding 53%. Net profit before tax also rose by 27% to AED 5.4 billion (US$ 1.5 billion) compared to Q1 2024.
  • Dividend: Emaar recently declared and paid a record dividend of AED 8.9 billion (US$ 2.4 billion) to its shareholders.
  • Customer Satisfaction: Emaar continues to lead in customer satisfaction by prioritising the highest standards in design, product quality, and community services.
  • Focus on Talent Development: Investing in young talent remains a key priority, with training and development initiatives aimed at preparing the next generation of leaders in the UAE.
  • Cost and Efficiency Focus: The company maintains a strong focus on managing costs efficiently while maximising value and performance across all business lines.
  • Sustainability Initiatives: Emaar continues to advance its sustainability strategy, emphasising resource efficiency, waste management, and responsible sourcing practices. We have achieved our third ESG rating upgrade in four years from MSCI, underscoring our unwavering dedication to environmental, social and governance principles.
  • Credit Rating: S&P Global upgraded Emaar’s credit rating to BBB+ with a stable outlook, reflecting the confidence in Emaar’s solid financial position and growth prospects.

Mr. Mohamed Alabbar, founder of Emaar, stated: “Every quarter is an opportunity to reinvent what’s possible — not just in how we build, but in how we think, lead, and connect. These results are more than numbers; they reflect the ambition of a team that refuses to stand still, and a community that inspires us to go further. At Emaar, we don’t follow momentum — we create it. Our journey is powered by people with bold ideas, by a culture that rewards curiosity, and by a commitment to shape the future with purpose and precision.”

UAE Build-To-Sell Property Development

Emaar Development PJSC (DFM: EMAARDEV), continued its momentum with strong property sales and project deliveries. With the successful launch of 12 projects in Q1 2025 across all master plans in the UAE, Emaar’s property development business in the UAE achieved yet another record quarterly property sales of AED 16.5 billion (US$ 4.5 billion), representing an increase of over 28% compared to Q1 2024.

Emaar Development’s revenue for Q1 2025 reached AED 5 billion (US$ 1.4 billion), a growth of 43% over the same period in 2024 and achieved net profit before tax of ~AED 2.8 billion (US$ 753 million), reflecting a growth of 49% over Q1 2024. The consolidated revenue of Emaar Properties from its property development business in the UAE during Q1 2025 reached AED 6.9 billion (US$ 1.9 billion), including Dubai Creek Harbour.

Revenue backlog from property sales in the UAE increased to ~AED 112 billion (US$ 30.5 billion) as of 31 March 2025. The company’s strong performance reflects continued demand for high-quality residential developments in Dubai, with new projects planned for launch throughout the year.

Shopping Malls, Retail, and Commercial Leasing

Emaar’s shopping malls, retail, and commercial leasing operations recorded revenue of AED 1.5 billion (US$ 408 million) in Q1 2025. During the same period, the portfolio achieved an EBITDA of AED 1.3 billion (US$ 354 million). This performance is primarily attributed to improvement in lease rentals on renewal, continued growth in tenant sales and sustained healthy occupancy rates across key assets. As of 31 March 2025, our mall assets maintained an average occupancy of 98%.

International Development

Emaar’s international real estate operations recorded property sales of AED 2.8 billion (US$ 762 million) in Q1 2025, reflecting continued demand across key markets, and revenue amounted to AED 626 million (US$ 170 million) during the same period. The performance of international operations was primarily driven by strong results in India and Egypt. Revenue from international real estate operations represent approximately 6% of Emaar’s total revenue in Q1 2025.

Hospitality, Leisure, and Entertainment

Emaar’s hospitality, leisure, and entertainment divisions generated revenues of AED 1.1 billion (US$ 299 million), supported by buoyant tourism and a surge in domestic demand. Emaar’s UAE hotels, including those under management, reported an average occupancy of 82% in the first quarter of 2025. The company expanded its hospitality portfolio with the addition of 2 new hotels, featuring over 600 keys, further reinforcing its strong presence in the sector.

Recurring Revenue

Emaar’s diverse and sustainable recurring revenue-generating portfolio, encompassing malls, hospitality, leisure, entertainment, and commercial leasing, achieved strong results in Q1 2025. The portfolio recorded a revenue increase of 11%, reaching AED 2.6 billion (US$ 707 million) for Q1 2025, and an EBITDA of 2 billion (US$ 545 million) showcasing a growth of around 10% compared to the same period last year. This portfolio continues to provide stable income streams and robust cash flows for the group. EBITDA from this portfolio constituted 37% of Emaar’s total EBITDA in Q1 2025.

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About Emaar Properties

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of ~1.67 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 120,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 40 hotels and resorts with over 9,800 keys (includes owned as well as managed hotels). Today, 32 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:

Facebook: www.facebook.com/emaardubai; X:www.twitter.com/emaardubai; Instagram: www.instagram.com/emaardubai

For all media queries, please contact: PR@emaar.ae

  • Emaar Development’s Revenue increased by 43% to AED 5 billion (US$ 1.4 billion)
  • EBITDA increased by 48% to AED 2.5 billion (US$ 683 million), EBITDA margin of 50%.
  • Net Profit before tax increased by 49% to AED 2.8 billion (US$ 753 million); a net margin of 55%.

Dubai, United Arab Emirates – 8 May 2025: Emaar Development PJSC (DFM: EMAARDEV), the UAE’s premier property development company specialising in the build-to-sell property development business, and a majority-owned subsidiary of Emaar Properties PJSC (DFM: EMAAR), achieved robust results in Q1 2025 (January to March), reflecting its commitment to operational excellence, innovation, and customer satisfaction.

Key Highlights of the Results:

  • Sales Growth: Emaar Development achieved property sales of AED 16.5 billion (US$ 4.5 billion); an increase of 28% over Q1 2024 sales of AED 12.9 billion (US$ 3.5 billion). The success of 12 projects launches across all the masterplans during Q1 2025 further underscores Emaar’s market leadership and positions the company for sustained future growth.
  • Backlog Growth: Enhanced by record sales during Q1 2025, revenue backlog reached to AED 100.1 billion (US$ 27.3 billion) as of 31 March 2025; an increase of 52% from Q1 2024 indicating a significant increase in revenue in the forthcoming years.
  • Revenue Growth: Emaar Development recorded Revenue of AED 5 billion (US$ 1.4 billion) in Q1 2025, a 43% increase compared to Q1 2024.
  • Profitability: The company recorded Net Profit (before tax) of AED 2.8 billion (US$ 753 million); an increase of 49% as compared to Q1 2024.
  • Customer Satisfaction: Emaar remains focused on delivering high-quality services, ensuring strong customer satisfaction and fostering lasting relationships.
  • Sustainability: The company continues to implement sustainable practices in resource use, waste management, and environmental stewardship.

Mohamed Alabbar, founder of Emaar, stated: “The results we’ve achieved in Q1 2025 underscore our bold approach to redefining the future of real estate. This is not just about financial growth—it’s about reshaping the way people experience living, working, and thriving in our communities. Our focus on long-term sustainability, cutting-edge design, and seamless customer experiences has allowed us to stay ahead of the curve, even in a rapidly changing market.”

He added: “Looking ahead, we are more committed than ever to fostering innovation in every aspect of our business. Our success in this first quarter is just the beginning, and we are ready to set new benchmarks in quality, connectivity, and community development, ensuring that Emaar continues to play a transformative role in Dubai’s vision for the future.”

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About Emaar Development PJSC

Emaar Development is a developer of prime residential and commercial build-to-sell (BTS) assets in the UAE. The company is behind iconic freehold master-planned communities in Dubai, including Emirates Living, Downtown Dubai, Dubai Marina, Arabian Ranches, Dubai Creek Harbour, Dubai Hills Estate, Emaar South, Rashid Yachts & Marina, The Valley and The Oasis. It has delivered 76,000 residential units since 2002. The company has a sales backlog of over AED 100 billion. It is a high cash flow generating business, highlighting the company’s robust fundamentals with over 43,500 residential units under development to be delivered.

For more information, please visit https://properties.emaar.com/en/investor-relations/emaar-properties-pjsc/

For all media queries, please contact:

Marketing Department – Emaar

PR@emaar.ae

  • The submission window is open from 6to 26 May

Dubai, United Arab Emirates, 6 May 2025: Emaar is excited to launch a unique invitation to local talents and UAE residents to design a projection for the world- renowned Burj Khalifa. The winning design will be brought to life on the iconic façade of Burj Khalifa, with the designer receiving a grand prize of AED100,000. Entries will be accepted from 6 to 26 May 2025, providing artists, designers, and creatives a chance to leave their mark on one of the world’s most celebrated landmarks and share their vision with a global audience.

Participants are invited to submit original projection videos and animations that capture the spirit of innovation, creativity, and the vibrant culture of Dubai. Submissions should showcase dynamic visual content with a duration of three minutes and must comply with specific technical requirements to ensure seamless integration with Burj Khalifa’s advanced projection system. A detailed set of technical specifications — including resolution, format, and mapping guidelines — as well as the full terms and conditions, can be found at www.burjkhalifa.ae/open-call.

Mohamed Alabbar, Founder of Emaar, said: “At Emaar, we believe that talent knows no boundaries. Burj Khalifa stands not only as a symbol of human achievement but also as a canvas for creativity and innovation — open to everyone with a talent to share. Through initiatives like this, we reaffirm our commitment to nurturing creativity and providing a platform where ideas can reach new heights. We are proud to open our doors to every dreamer, artist, and innovator, offering them the opportunity to contribute to our collective story of achievement.”

The winning designer will not only receive a cash prize of AED 100,000 but will also have their work displayed on Burj Khalifa, offering unparallelled global exposure. This is a rare opportunity for emerging and established talents to showcase their creativity on an unprecedented scale, inspiring millions of people across the world.

Submissions must be sent to opencall@emaar.ae, accompanied by a short concept description explaining the inspiration and story behind the design.

Emaar invites all creatives based in the UAE to be part of this exceptional moment and bring their artistic vision to life on the world’s tallest canvas.

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About Emaar Properties

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of ~1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 118,400 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 38 hotels and resorts with around 9,200 keys (includes owned as well as managed hotels). Today, 34 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:
Facebook: www.facebook.com/emaardubai; X:www.twitter.com/emaardubai; Instagram: www.instagram.com/emaardubai

For all media queries, please contact: PR@emaar.ae

• New model offers mentees greater ownership of their development journey, deeper engagement and stronger connections

Dubai, United Arab Emirates, 28 April 2025: Following the successful conclusion of Mentorship 2.0, Emaar has announced the launch of its Focused Mentorship 3.0, reaffirming its commitment to nurturing Emirati talent and building a resilient, future- ready workforce. The initiative is part of Emaar’s broader efforts to foster professional growth and knowledge exchange, while building a strong leadership pipeline within the organisation.

Inspired by the vision of Mr. Mohamed Alabbar, Founder of Emaar, to cultivate a supportive community among UAE Nationals, Emaar launched its Mentorship Programme in 2023. The initiative empowers Emirati employees by fostering an environment where they can guide, support, and inspire each other through a group mentoring concept. This programme reflects Mr. Alabbar’s dedication to nurturing talent and giving back to the nation.

The programme has evolved into Emaar Focused Mentorship 3.0 to reflect its dynamic new model, which empowers mentees to choose mentors that align with their specific learning needs, career aspirations, or project requirements. In this model, mentors have been carefully selected based on specific skill sets that can help mentees build critical capabilities, enhanced business understanding ultimately, driving greater value for the organisation. This personalised approach enhances cross-departmental collaboration and offers mentees more targeted guidance to accelerate their growth.

Unlike traditional mentorships, this is a bold, unconventional, and truly distinctive initiative — a first-of-its-kind approach that sets a new benchmark in organisational development. It aims to deliver skill sets not only through classroom sessions but through a blended approach of immersions, fireside chats, learning labs, and on-the- job exposure, offering mentees a holistic and immersive learning experience.

The inaugural Mentorship 1.0 cohort enrolled 66 UAE Nationals, with numbers doubling in the next edition — Mentorship 2.0 — which saw the active participation of 23 certified mentors and 133 mentees from diverse departments and disciplines.

The programme’s design centres on building meaningful relationships based on trust, guidance, and mutual growth.

“At its core, our mentorship programme is about empowering individuals to reach their potential while cultivating a culture of continuous learning,” said Mr. Alabbar. “The success of Mentorship 2.0 reflects the enthusiasm, dedication, and collaborative spirit of our people, and we are excited to build on that momentum with Focused Mentorship 3.0.”

Mentors reported a deeply enriching experience as they engaged with talents across departments, elevating their leadership capabilities while supporting the development of their peers. All mentors participating in the programme are certified through the John Maxwell leadership methodology, underscoring Emaar’s commitment to world- class mentoring standards.

Mentees equally expressed gratitude for the guidance and insight they received. One participant shared: “My mentor played a crucial role in assisting me in identifying solutions to various challenges I encountered.”

Notably, the programme’s impact on career growth is already evident: 75% of UAE Nationals promoted in recent months had participated in past mentorship cohorts — either as mentors or mentees. The programme also received a satisfaction score of 4.4 out of 5, reflecting high levels of trust and engagement among participants.

In collaboration with leading global companies, Emaar has continued to expand the programme’s reach into technical skill development — ensuring mentees are equipped with future-ready capabilities.

Focused Mentorship 3.0 will introduce enhanced tools, tailored development pathways, and increased inter-departmental collaboration. This cohort is set to get bigger and better, featuring new partnerships, fireside chats with industry leaders, immersive learning experiences, and social impact activities that further enrich the journey.

With approximately 200 UAE Nationals expected to join, the programme will span six months, continuing to unlock new potential while supporting Emaar’s vision of being an employer of choice for top local talent.

–Ends–

Note to Editors:

About Emaar Properties

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of ~1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 118,400 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 38 hotels and resorts with around 9,200 keys (includes owned as well as managed hotels). Today, 34 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:

Facebook: www.facebook.com/emaardubai;
X:www.twitter.com/emaardubai;
Instagram: www.instagram.com/emaardubai

For all media queries, please contact: PR@emaar.ae

  • A visionary masterpiece where luxury meets unprecedented equestrian living

Dubai, United Arab Emirates – 23 April 2025: The world’s leading real estate developer, Emaar, has unveiled its newest masterplan, Grand Polo Club & Resort – a collection of exclusive luxury villa communities with polo and equestrian heritage at its core. Spanning a sprawling 5.54 million SqM and strategically located minutes away from the upcoming expansion of Al Maktoum International Airport, this visionary masterpiece is set to establish a new standard of residential experience.

It is also surrounded by other Emaar masterplans such as The Oasis and The Heights Country Club & Wellness, while being a few minutes’ drive from Emaar South, Dubai Marina, and Downtown.

Comprising 22 villa communities and over 6,600 exclusive residences, the game of polo and a passion for all things equestrian form the heart of this new destination. At the centre of this master community lies “The Green Core,” which consists of three expansive polo fields, private stables, a riding school, and a luxurious clubhouse.

“By using landscape berms and expansive lawns, The Green Core was created to foster a harmonious environment that emphasises the beauty of the exclusive equestrian experiences it offers. Positioned at the heart of the masterplan, it enhances the aesthetic appeal while promoting a sense of community and connection to nature,” said a spokesperson from Emaar Development.

The landscape narrative is an equestrian journey that traverses through a multi-sensory environment, offering surprises at every turn and creating an everlasting memory as you glide through moments of grandeur.

With a total open space amounting to 1.59 million SqM, the landscape plan is further segmented into pedestrian and cycling networks, riding trails, countryside meadows, and outer pastures. The polo fields and stables occupy an impressive 340,000 SqM combined.

The Clubhouse is crafted for an ultra-luxury guest and spectator experience. This single-storey building is a modern marvel that draws inspiration from both global and local architectural excellence. A fundamental element of the Clubhouse design is the custom-made clay breeze blocks, derived from the horseshoe, which stand out distinctively on the façades. With a rooftop infinity pool overlooking the fields and swanky F&B options, this hospitality destination will be Dubai’s newest sought-after scene.

The Stables are an architectural gem inspired by spiral geometric control. The organic design encircles a large, landscaped courtyard with a stunning water feature. This iconic design is set to become a significant global landmark in the equestrian realm. Able to accommodate 180 horses, the Stables also feature a plush members’ lounge.

“Circular elements were used to convey expansiveness, frame important landscape moments, and incorporate water features that create a playful, inviting scenery,” added the Emaar Development spokesperson.

Regal residences at Grand Polo Club & Resort range from 3-, 4- and 5-bedroom exclusive villas with views, connectivity, and spaces where light and air engage in thematic play throughout. While some homes allow you to wake up to the energy of horses and the vastness of horizontal greens, others place you in close proximity to key amenities such as linear parks, countryside meadows, outer pastures, the community centre, clubhouse, and more.

Here, seamless landscapes are envisioned to offer a contemporary take on classic polo grounds. Inspired by natural elements and the textures of soil, this new masterplan is set to define the monumentality of the vision.

As Emaar continues to shape the future of luxury living, this new residential community is a thoughtfully designed homage to the heritage of the spectacular game of polo and the equestrian-loving fellowship. Grand Polo Club & Resort is crafted to harness the free spirit and speed of the horse. This is where equestrian opulence reaches far beyond imagination.

-Ends-

Note to editors:

About Emaar Development PJSC:

Emaar Development is a developer of prime residential and commercial build-to-sell (BTS) assets in the UAE. The company is behind iconic freehold master-planned communities in Dubai, including Emirates Living, Downtown Dubai, Dubai Marina, Arabian Ranches, Dubai Creek Harbour, Dubai Hills Estate, Emaar South, Rashid Yachts & Marina, The Valley and The Oasis. It has delivered 74,000+ residential units since 2002. The company has a sales backlog of over AED 90.9 billion. It is a high cash flow generating business, highlighting the company’s robust fundamentals with over 42,000 residential units under development to be delivered.

For more information, please visit https://properties.emaar.com/en/investor-relations/emaar-properties-pjsc/

For more information and media queries:

PR@emaar.ae