Emaar Properties, Dubai’s largest listed developer, posted a 34% year-on-year rise in first-half net profit as strong property sales and diversified revenues fuelled growth.
Net profit from January to June climbed to Dh10.4 billion ($2.8 billion), the company said in a filing to the Dubai Financial Market. Revenue grew 38% annually to Dh19.8 billion, supported by strong performance across its development, retail, hospitality, and international businesses.
Property sales rose 46% to a record Dh46 billion, reflecting sustained investor demand. Emaar’s sales backlog reached Dh146.3 billion as of June 30, up 62% year-on-year, while profit before interest, tax, depreciation, and amortisation increased 30% to Dh10.4 billion.
“Numbers alone don’t tell the full story,” said Mohamed Alabbar, founder of Emaar. “Behind every sale and every community is intent—the drive to improve people’s everyday lives. Our performance in the first half of 2025 reflects that mindset.”
Dubai’s property sector continues to build momentum, buoyed by government initiatives such as long-term residency permits, the Golden Visa programme, and strong foreign investment inflows. According to the Dubai Land Department, real estate transactions in the first half of the year totalled 125,538, up 26% from last year, with a value of Dh431 billion—25% higher than the same period in 2024. More than 59,000 new investors entered the market during the period.
Subsidiary Performance
Emaar Development, the group’s build-to-sell arm, recorded property sales of Dh40.6 billion in the first six months, up 37% year-on-year. Revenue rose 35% to Dh10 billion, while net profit surged 50% to Dh5.5 billion. The subsidiary also launched 25 new projects across the UAE.
Emaar’s shopping malls and leasing division delivered revenue of Dh3.2 billion, a 14% increase, supported by strong tenant sales and near-full occupancy of 98% across its retail assets.
International operations contributed Dh5.3 billion in property sales—a 200% jump year-on-year—driven mainly by Egypt and India. Revenue reached Dh1 billion, up 26%, accounting for 5% of Emaar’s total.
Meanwhile, the group’s hospitality, leisure, and entertainment businesses reported revenue of Dh2.1 billion. UAE hotels achieved 80% average occupancy, while two new hotels with over 600 rooms were added in the first half.
