Emaar Properties Reports Impressive Revenue Growth in 2026
Emaar Properties PJSC has reported a significant growth in revenue for the first half of 2026, reaching AED 23.9 billion (approximately USD 6.5 billion), marking a 21% increase compared to the same period last year. This financial upturn is accompanied by a 24% rise in EBITDA to AED 12.9 billion (USD 3.5 billion) and a 23% increase in net profit before tax to AED 12.8 billion (USD 3.5 billion).
Diversified Portfolio Driving Success
The robust performance of Emaar can be attributed to balanced contributions from its development, recurring income, and international business sectors. Property sales alone reached AED 26.6 billion (USD 7.2 billion) in the first half of the year. The company’s revenue backlog from property sales also saw a 13% year-on-year increase, totaling AED 164.9 billion (USD 44.9 billion) as of June 30, 2026. This backlog provides strong visibility for future revenue streams and underscores the company’s strategic growth plans.
Expanding Development Pipeline
Emaar boasts one of the region’s largest and most diverse land banks, with approximately 590 million sq. ft. of mixed-use development opportunities. Notably, around 316 million sq. ft. of this land is located within the UAE. The company has strategically expanded its residential offerings with 11 launches across key locations, including Emaar South, Dubai Hills Estate, and The Oasis. Furthermore, Emaar announced a new AED 200 billion master plan, reinforcing its commitment to Dubai’s growth and development.
International Ventures and Earnings Growth
Emaar’s international ventures have also contributed significantly to the company’s earnings profile. With operations in key markets such as Egypt and India, international property sales reached AED 4.2 billion (USD 1.1 billion), while revenue increased by 8% to AED 1.1 billion (USD 0.3 billion), contributing 4.6% to the group’s total revenue in the first half of 2026.
Performance in Retail and Hospitality Sectors
The performance of Emaar’s shopping malls, retail, and commercial leasing portfolio remained strong, generating AED 3.5 billion (USD 1.0 billion) in revenue, a 9% year-on-year increase. The EBITDA for this segment also grew by 10% to AED 3.1 billion (USD 0.8 billion), with an average occupancy rate of approximately 98% as of June 30, 2026. Emaar’s hospitality, leisure, and entertainment division generated AED 1.6 billion (USD 0.4 billion) in revenue, maintaining an average hotel occupancy of 60% during the period.
Resilience Through Recurring Revenue Streams
Emaar’s diversified recurring revenue portfolio has been a vital contributor to its earnings resilience. This portfolio, which includes high-quality shopping malls, hospitality, leisure, and commercial leasing assets, ensures a stable income stream essential for long-term growth. Recurring revenue reached AED 5.1 billion (USD 1.4 billion), reflecting stability similar to the previous year.
Founder Mohamed Alabbar highlighted the company’s disciplined approach and its alignment with Dubai’s rapid growth. He emphasized the supportive business environment fostered by visionary leadership, which continues to attract global capital and talent, ensuring Emaar’s sustainable growth despite global economic uncertainties.
