Emaar Development Reports 22% Rise in Q1 2026 Property Sales to AED 20.1 Billion

Real Estate

Emaar Development Reports 22% Rise in Q1 2026 Property Sales to AED 20.1 Billion

Emaar Development reported strong financial and operational results for the first quarter of 2026, posting a 22 per cent increase in property sales to AED 20.1 billion ($5.5 billion), driven by sustained demand across Dubai’s residential real estate market.

The UAE-based developer, a majority-owned subsidiary of Emaar Properties, also recorded a 49 per cent rise in net profit after tax to AED 3.5 billion ($953 million) during the January to March 2026 period.

Revenue for the quarter increased by 36 per cent year-on-year to AED 6.9 billion ($1.9 billion), while EBITDA grew by 47 per cent to AED 3.7 billion ($1 billion), reflecting an EBITDA margin of 54 per cent.

The company said its performance was supported by continued investor confidence in Dubai’s property sector, a stable regulatory environment, and strong demand across both established and newly launched residential communities.

Emaar Development’s revenue backlog reached AED 134.6 billion ($36.6 billion) as of 31 March 2026, representing a 35 per cent increase compared to the same period last year and providing strong visibility for future revenue streams.

During the first quarter, the developer launched 10 new residential projects across its master-planned communities as part of efforts to expand its development pipeline and address evolving market demand.

Among the new concepts introduced was The Heights Country Club & Wellness, a nature-focused master-planned community centred on wellness, green living, and integrated lifestyle experiences.

The company said construction activities across all ongoing projects progressed according to schedule, reflecting its focus on disciplined execution, governance, and timely project delivery.

Emaar Development also highlighted its continued focus on customer experience through quality delivery, integrated community offerings, and proactive support measures during adverse weather conditions, aimed at ensuring resident safety and minimising disruption.

In sustainability, the developer said it continued to advance resource-efficient design practices, responsible material use, and optimisation initiatives aligned with the Group’s decarbonisation strategy and UAE Net Zero 2050 objectives.

Mohamed Alabbar said the company’s first-quarter performance reflects the resilience of the UAE economy and the sustained confidence of customers and investors despite broader regional volatility.

He added that Emaar remains focused on delivering high-quality developments, operational discipline, and long-term value through a diversified and resilient business model.