Category: Business Segments

• Phase One of Renovation Works Completed Ahead of Schedule, Ensuring Continued Safety and Reliability
• Phase Two to be Completed in Q2 2026, Introducing Exciting New Elements to the World’s Largest Choreographed Fountain

Dubai, United Arab Emirates – 27 September 2025: After a five-month hiatus, Dubai Fountain is set to return to its rightful place as the soul of Downtown Dubai. On October 1, the world’s largest choreographed fountain system will once again welcome visitors, ready to captivate audiences with its timeless display of water, light, and music.

The eagerly awaited reopening has already drawn significant interest from both locals and international visitors, many of whom have been following the fountain closely through social media updates and enquiring about the reopening date. Some have even planned their Dubai trips around this momentous occasion, underscoring the global significance and enduring appeal of this iconic landmark.

Excitement and anticipation are building as families, tourists, and fountain enthusiasts prepare to gather for the first shows, which promise to mark a special moment for Dubai’s residents and the international community alike.

Phase One of the renovation, completed ahead of schedule, included essential maintenance works such as tiling, water insulation, and paint to preserve the fountain’s signature beauty and ensure its continued safety and reliability.

Emaar has also confirmed that Phase Two of the renovation is set for completion in Q2 2026. This next stage will see the installation of innovative new features designed to elevate the Dubai Fountain experience even further, blending creativity and technology to deliver fresh moments of wonder to audiences from around the world.

Upon reopening, regular show timings will resume, with two afternoon performances at 1:00 pm and 1:30 pm daily, and on Fridays at 2:00 pm and 2:30 pm. Evening performances will run from 6:00 pm to 11:00 pm, with intervals of 30 minutes, offering visitors multiple opportunities to enjoy the fountain’s stunning choreography.

Mohamed Alabbar, Founder of Emaar, said: “The return of Dubai Fountain is a celebration of Dubai itself – its spirit, its energy, and its ability to inspire the world. This landmark has always brought people together, creating shared moments of wonder and joy. When the fountain reopens, it will remind us once again of what Dubai represents: innovation, ambition, and the creation of experiences that leave a lasting impression on everyone who visits.”

Emaar remains committed to delivering unforgettable experiences for residents and tourists alike, ensuring that Dubai continues to shine as a global destination for leisure, culture, and innovation. The reopening of Dubai Fountain will reinforce the city’s reputation as a vibrant hub where world-class attractions, entertainment, and hospitality come together to create lasting memories.

As the fountain prepares to illuminate the night sky once again, anticipation continues to build, heralding a triumphant return of a beloved icon and the beginning of a bold new chapter in its journey. And with Phase Two on the horizon, audiences can look forward to brand-new surprises in the coming months, ensuring that the wonder of Dubai Fountain continues to evolve and inspire.

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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

• A private enclave designed for discerning individuals who value the exclusivity of true luxury.

Dubai, United Arab Emirates, 24 September 2025: Emaar, the name behind some of the world’s most iconic destinations, is preparing to unveil its most exclusive residential address to date: Dubai Mansions, a new ultra-luxury community designed for an elite global clientele.

Adjacent to Dubai Hills Estate, this limited collection of ultra-luxury mansions, each available in 10,000, 15,000, or 20,000 sq. ft., is designed to embody space, elegance, and prestige. With architecture and design inspired by timeless sophistication and international luxury benchmarks, this private enclave is set to elevate Dubai’s position as a magnet for ultra-high-net-worth individuals seeking privacy, prestige, and perfection, all in one address.

Positioned in one of Dubai’s most desirable corridors, Dubai Mansions promises an unprecedented lifestyle offering, tailored for those who appreciate the artistry of living well. This will be a new icon of living, built from the ground up for exclusivity.

“There’s a kind of luxury that isn’t loud,” says Mohamed Alabbar, Founder of Emaar. “It doesn’t need validation or volume. It comes from authenticity, from knowing that what you’re creating is for people who understand value beyond price. That’s what this community represents.”

Dubai Mansions is envisioned as a masterpiece in scale, craftsmanship, and experience. From expansive plots and majestic façades to world-class interiors and immersive landscaping, every residence will reflect Emaar’s commitment to creating spaces that blend legacy with innovation.

Set within reach of Dubai Hills Estate’s rich lifestyle ecosystem, including championship golf, healthcare, education, and retail destinations like Dubai Hills Mall, the project enjoys proximity to all the city’s essentials while offering the seclusion of a private sanctuary.

More than a residence, this will be a new global address: a destination that channels the quality and emotional appeal of the world’s most iconic luxury brands, with attention to detail reminiscent of haute couture, but translated into architecture, light, space, and proportion.

While full details are yet to be revealed, Dubai Mansions is already drawing quiet anticipation among those attuned to Dubai’s evolving luxury landscape. With its rare offering and exceptional location, it is expected to resonate strongly with connoisseurs of design-led living and those seeking the next landmark address.

For more information, please visit: https://properties.emaar.com/en/dubai-mansions/

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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 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-development-pjsc/

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

• 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.

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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

• 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