Emaar Properties achieves sales of 22.4 billion dirhams in the first quarter of 2026

Emaar Properties PJSC, listed on the Dubai Financial Market under the symbol (EMAAR), revealed that it has recorded a strong start to 2026, driven by continued demand across its key business sectors, discipline in execution, and the diversification of the group’s business model.

The continued sales momentum, the stability of the ongoing revenue base, and the strength of operational performance contributed to enhancing the solidity of financial performance and the clarity of the future vision for revenues.

Emaar’s results for the first quarter of 2026 reflect the quality of its earnings structure, in light of balanced growth in the real estate development sector and businesses that generate continuous revenues, as revenues increased by 23%, while earnings before interest, taxes, depreciation and amortization grew at a faster pace of 34%, which reflects the efficiency of operating leverage, the quality of the portfolio, and continued discipline in costs.

The performance during this quarter was based on the solid performance of the real estate development sector in the UAE, the stability of occupancy rates in shopping centers and commercial assets, in addition to the continued contribution of international operations. The company continues to focus on disciplined capital allocation, operational excellence, and converting accumulated revenue into sustainable profitable growth.

Most notable strategic and operational results and achievements:

• Sales growth: Real estate sales reached approximately 22.4 billion UAE dirhams (6.1 billion US dollars) during the first quarter of 2026, an increase of 16% compared to the same period last year, driven by continued demand for existing Emaar complexes and the launch of new projects in the UAE.

• Growth in accumulated revenues from projects under construction: The total accumulated revenues from projects under construction amounted to about AED 163.4 billion (US$ 44.5 billion) as of March 31, 2026, an annual increase of 29%, which enhances the visibility of revenues in the coming years.

• Revenue Growth: Total revenue for the period reached AED 12.4 billion (US$3.4 billion), up 23% compared to Q1 2025, supported by contributions from local and international operations.

• Earnings: EBITDA reached AED 7.2 billion (US$ 2 billion), up 34% year-on-year, supported by operational efficiency and stable margins across all business segments. Net profits before taxes amounted to AED 7.2 billion (US$ 2 billion), a growth of 33% compared to the same period last year.

• Dividends: Emaar recently announced the distribution of dividends to shareholders of 100% of the capital, with a total value of AED 8.9 billion (US$ 2.4 billion), for the second year in a row.

• Land stock in strategic locations: Emaar owns a large and diverse stock of fully planned lands, extending over an area of ​​approximately 600 million square feet of mixed-use development opportunities, including about 317 million square feet within the UAE. This balance constitutes a strategic pillar to support the future expansion of the group and achieve long-term value for shareholders.

• Focus on customers and society: Emaar continued to focus on the customer experience through quality implementation, innovative projects, and vibrant experiences, including proactive readiness and taking the necessary measures during the unusual weather conditions that the country witnessed, ensuring safety, limiting any potential impacts, and enhancing community confidence in its various destinations.

• Talent development: In addition to investing in developing competencies and building capabilities, including leadership development programs and empowering Emirati cadres, the company has supported the well-being of its employees through initiatives focused on promoting mental health during periods of instability.

• Operational Efficiency: The Group has maintained a disciplined approach to cost management, while enhancing operational efficiency across its various business sectors.

• Sustainability: Emaar has continued to advance its ESG agenda, focusing on responsible development practices and reducing its long-term environmental footprint. This has included advancing the implementation of the Climate Neutrality 2050 strategy and expanding renewable energy initiatives.

Mohamed Alabbar, founder of Emaar, said: “The results achieved by the group during the first quarter of 2026 reflect the strength of the UAE’s economy, which continues to provide a stable environment despite broader regional fluctuations. Recent geopolitical developments in the region have emphasized the importance of operating in markets based on security, institutional continuity, and a long-term vision. The stability of the UAE comes as a result of decades of wise leadership, sustainable investment in world-class infrastructure, and a clear regulatory environment that supports business. The continued confidence of our customers and investors allows us to maintain this momentum, We continue to focus on delivering high-quality projects, operational discipline, and achieving long-term value through a diversified and flexible business model.”

TDevelop real estate assets for sale in the United Arab Emirates

The development of real estate assets for sale in the UAE, led by Emaar Development PJSC, listed on the Dubai Financial Market under the symbol (EMAARDEV), maintained its strong momentum during the first quarter of the year, driven by stable demand, the launch of new projects, continued project implementation, and the diversification of the portfolio of integrated complexes.

• Real estate sales reached AED 20.1 billion (US$ 5.5 billion), an increase of 22% year-on-year.

• Emaar Development PJSC recorded revenues of AED 6.9 billion (US$1.9 billion), an increase of 36%, while net profits before taxes amounted to AED 4.0 billion (US$1.1 billion), an increase of 46%.

• Taking into account other development projects within the country, including Dubai Creek, real estate development revenues in the UAE amounted to AED 8.9 billion (US$ 2.4 billion).

• Total accumulated revenues from development projects in the UAE amounted to AED 143.3 billion (US$ 39 billion) as of March 31, 2026.

During the same quarter, the group launched 10 new projects within its main communities, including “The Heights Country Club and Wellness”, an integrated project inspired by nature and focusing on health and well-being, sustainable lifestyle, and integrated experiences, which enhances the diversity of Emaar’s portfolio and its position in the market.

International development work

International development projects continued to contribute to diversifying the group’s business and supporting its growth, in light of the strong performance provided by the Egyptian market.

• Real estate sales reached AED 2.3 billion (US$ 0.6 billion)

• Revenue from international operations reached AED 0.7 billion (US$ 0.18 billion), an increase of 5% year-on-year.

• International operations represented about 5.3% of the group’s total revenues during the first quarter of 2026

Shopping centres, retail and commercial leasing

Emaar’s portfolio in the shopping centres, retail and commercial leasing sectors witnessed stable growth during the first quarter of 2026, supported by high occupancy rates, asset quality, and improved rental performance upon renewal.

• Revenue reached AED 1.8 billion (US$ 0.5 billion), an increase of 15% year-on-year.

• EBITDA reached AED 1.5 billion (US$ 0.4 billion), an increase of 16%.

• Occupancy averaged 98% across the portfolio as of March 31, 2026

The portfolio benefited from the strength of Emaar’s main destinations and the diversity of its offers and experiences provided to visitors.

Hospitality, leisure and entertainment

The Hospitality, Leisure and Entertainment portfolio achieved stable performance during the first quarter of 2026, driven by continued demand, although performance during the month of March was affected by regional conditions.

• Revenue reached AED 1 billion (US$0.3 billion), broadly in line with Q1 2025

• The average occupancy of Emaar hotels in the UAE reached 69% during the first quarter of 2026

Ongoing revenue

Emaar’s portfolio of businesses that generate sustained revenues has maintained its position as a key source of earnings flexibility and cash flow visibility, supported by the diversification of its assets across shopping centres, hospitality, leisure and entertainment and commercial leasing.

• Ongoing revenue reached AED 2.8 billion (US$ 0.8 billion), up 7% year-on-year.

• EBITDA reached AED 2.2 billion (US$ 0.6 billion), an increase of 7%.

• This sector contributed about 30% of the total earnings before interest, taxes, depreciation and amortization during the first quarter of 2026.

Despite continued fluctuations in economic conditions and geopolitical developments, Emaar is well positioned to continue its growth, with solid foundations in key markets, a high-quality project portfolio with record cumulative revenues of AED 163.4 billion (US$ 44.5 billion), and a resilient ongoing revenue base.

The Group will continue to closely monitor market developments, with its commitment to disciplined execution, prudent capital allocation, and achieving sustainable value over the long term.