Emaar Confirms Normal Operations Across Malls, Hotels, and Projects Amid Regional Tensions

Real Estate

Emaar Confirms Normal Operations Across Malls, Hotels, and Projects Amid Regional Tensions

Emaar Properties announced on Wednesday that all its malls, hospitality assets, and development projects are operating normally, reaffirming the company’s resilience and stability amid ongoing regional tensions.

In a disclosure to the Dubai Financial Market, the master developer stated that its business operations continue uninterrupted, supported by comprehensive continuity plans and coordination with relevant authorities.

“All Emaar communities, malls, hospitality assets, and development projects continue to operate normally, supported by comprehensive business continuity planning and close coordination with relevant authorities,” the statement read.

The confirmation follows recent geopolitical developments involving the United States, Israel, and Iran, which have created uncertainty in parts of the region.

Mohamed Alabbar, founder of Emaar, reaffirmed Dubai’s economic strength and stability, crediting effective leadership and robust governance for sustaining growth.

“The city continues to demonstrate resilience, supported by effective leadership, sound regulation, and a dynamic business environment. Our focus remains on disciplined execution, operational excellence, and delivering sustainable value for our shareholders and customers,” Alabbar said.

Emaar, one of the UAE’s largest developers, owns and operates some of Dubai’s most iconic destinations — including The Dubai Mall, Burj Khalifa, Dubai Hills Estate, and Dubai Creek Harbour.

Strong Financial Momentum in Early 2026

The company reported that UAE property sales reached AED 17.2 billion in the first two months of 2026 — more than double the AED 7.9 billion recorded during the same period last year, reflecting a 118% year-on-year increase.

This follows Emaar’s record-breaking financial performance in 2025, where it achieved its highest-ever property sales of AED 80.4 billion, alongside AED 49.6 billion in revenue and AED 25.7 billion in pre-tax profit. The company’s revenue backlog stood at AED 155 billion as of December 31, 2025.

Recurring income streams from malls, hospitality, leisure, entertainment, and commercial leasing accounted for 32% of total EBITDA, further reinforcing the company’s diversified business model.

“Emaar’s performance reflects the strength of Dubai’s economic vision and the confidence investors place in its stability and long-term prospects,” Alabbar added.

With strong liquidity, diversified income, and disciplined cost management, Emaar said it remains well-positioned to sustain growth, strengthen Dubai’s capital markets, and support the emirate’s long-term economic ambitions.