Emaar Properties Records Strong Growth in H1 2026: Revenue Jumps 21%

The story in brief

Emaar Properties PJSC achieved a robust financial performance in the first half of 2026, with revenue increasing by 21% to AED 23.9 billion (US$ 6.5 billion). EBITDA saw a 24% rise to AED 12.9 billion (US$ 3.5 billion), and net profit before tax grew by 23% to AED 12.8 billion (US$ 3.5 billion). Property sales reached approximately AED 26.6 billion (US$ 7.2 billion), contributing to a revenue backlog of AED 164.9 billion (US$ 44.9 billion) as of June 30, 2026, marking a 13% year-on-year increase. Emaar's diverse segments, including development, recurring income, and international businesses, delivered balanced contributions.

Detailed summary

Emaar Properties PJSC demonstrated a resilient financial performance in the first half of 2026, with revenue soaring by 21 percent to AED 23.9 billion (US$ 6.5 billion). EBITDA also saw a significant increase of 24 percent, reaching AED 12.9 billion (US$ 3.5 billion), while net profit before tax climbed by 23 percent to AED 12.8 billion (US$ 3.5 billion). These results reflect balanced contributions from Emaar's development, recurring income, and international businesses.

Property sales in H1 2026 amounted to approximately AED 26.6 billion (US$ 7.2 billion). The revenue backlog from property sales reached approximately AED 164.9 billion (US$ 44.9 billion) as of June 30, 2026, an increase of 13 percent year-on-year, providing strong future revenue visibility. Emaar possesses one of the region's largest land banks, spanning approximately 590 million sq. ft. for mixed-use development, with 316 million sq. ft. located within the UAE.

Mohamed Alabbar, founder of Emaar, highlighted that the results underscore the company's disciplined, consistent, and long-term approach. He emphasized Emaar's role in building destinations that align with Dubai's ambitions, maintaining quality, innovation, and operational excellence. Alabbar also acknowledged the leadership's vision for economic development, which has fostered a stable, transparent, and business-friendly environment, attracting capital and talent despite global uncertainties.

Emaar Development PJSC reported a revenue of AED 13.3 billion (US$ 3.6 billion), marking a 34 percent year-on-year increase, and net profit before tax reached AED 7.8 billion (US$ 2.1 billion), up 41 percent. Consolidated revenue from property development operations in the UAE was AED 17.7 billion (US$ 4.8 billion), a 30 percent rise. The revenue backlog from UAE projects stood at AED 135.7 billion (US$ 36.9 billion) as of June 30, 2026, representing a 6 percent increase compared to H1 2025.

During the first half of the year, Emaar expanded its residential portfolio with 11 launches across several masterplans and announced a new AED 200 billion masterplan, reinforcing its long-term development pipeline. Emaar's international development business contributed AED 4.2 billion (US$ 1.1 billion) in property sales and AED 1.1 billion (US$ 0.3 billion) in revenue, an 8 percent increase year-on-year. The shopping malls, retail, and commercial leasing portfolio generated AED 3.5 billion (US$ 1.0 billion) in revenue, up 9 percent, with an average occupancy of approximately 98 percent. The hospitality, leisure, and entertainment portfolio contributed AED 1.6 billion (US$ 0.4 billion) in revenue, with UAE hotels achieving an average occupancy of 60 percent. The diversified recurring revenue portfolio contributed AED 5.1 billion (US$ 1.4 billion), with recurring revenue EBITDA at AED 4.0 billion (US$ 1.1 billion), consistent with H1 2025.

Background & context

This story sits within UAE's broader reform agenda and efforts to grow Real estate as a pillar of non-oil GDP. The region benefits from supportive energy prices, expansionary government budgets, and rising interest from sovereign wealth funds and foreign investors.

Key numbers & facts

Emaar Properties PJSC achieved a robust financial performance in the first half of 2026, with revenue increasing by 21% to AED 23.9 billion (US$ 6.5 billion).
EBITDA saw a 24% rise to AED 12.9 billion (US$ 3.5 billion), and net profit before tax grew by 23% to AED 12.8 billion (US$ 3.5 billion).
Property sales reached approximately AED 26.6 billion (US$ 7.2 billion), contributing to a revenue backlog of AED 164.9 billion (US$ 44.9 billion) as of June 30, 2026, marking a 13% year-on-year increase.
Emaar Properties PJSC demonstrated a resilient financial performance in the first half of 2026, with revenue soaring by 21 percent to AED 23.9 billion (US$ 6.5 billion).
EBITDA also saw a significant increase of 24 percent, reaching AED 12.9 billion (US$ 3.5 billion), while net profit before tax climbed by 23 percent to AED 12.8 billion (US$ 3.5 billion).

Key points

Emaar Properties PJSC achieved a robust financial performance in the first half of 2026, with revenue increasing by 21% to AED 23.9 billion (US$ 6.5 billion).
EBITDA saw a 24% rise to AED 12.9 billion (US$ 3.5 billion), and net profit before tax grew by 23% to AED 12.8 billion (US$ 3.5 billion).
Property sales reached approximately AED 26.6 billion (US$ 7.2 billion), contributing to a revenue backlog of AED 164.9 billion (US$ 44.9 billion) as of June 30, 2026, marking a 13% year-on-year increase.
Emaar's diverse segments, including development, recurring income, and international businesses, delivered balanced contributions.

Why this matters

This matters because activity in Real estate, Banking, Capital Markets shapes capital flows, hiring and investor sentiment across UAE.

Economic & market impact

Potential impact: - Real estate developers and brokers may see changing demand and pricing. - Banks may see shifts in mortgage, project finance and corporate lending pipelines. - Listed GCC equities and indices may see direct trading reaction.

Potentially related sectors

Real estateBankingCapital Markets

GCC angle

For the rest of the GCC, this is a signal on the pace of activity in Real estate, Banking, Capital Markets. Capital flows and regulatory decisions in one Gulf state typically travel across borders given the similar economic structures and the coordination inside the GCC framework.

Risks & uncertainty

There is uncertainty around the read-through: projections can be moved by swings in oil prices, by US monetary policy tightening that most GCC central banks track via dollar pegs, and by regional geopolitical events. Headline numbers may also be revised when subsequent official data is published.

What happens next?

Watch for upcoming disclosures from listed names in Real estate, Banking, official macro releases for UAE, and any commentary from regulators or sovereign wealth funds. Tharwa will refresh this briefing as new public information becomes available.

Sources used

Emirates 24/7 — Business