Emaar Properties has reported a strong financial performance for the first half of 2026, with net profit rising 26% to Dh11.15 billion compared with the same period last year. The company’s revenue also recorded significant growth, increasing 21% to Dh23.9 billion, highlighting continued strength across its property development and recurring-income businesses.

The Dubai-based developer recorded property sales of Dh26.6 billion during the first six months of the year. Its revenue backlog from property sales reached Dh164.9 billion by the end of June, representing a 13% year-on-year increase. This strong backlog provides greater visibility for Emaar’s future revenue and earnings.

Emaar’s UAE property development business remained a key driver of growth. Property sales through Emaar Development reached Dh22.4 billion, while revenue increased 34% to Dh13.3 billion. Net profit before tax for the business climbed 41% to Dh7.8 billion.

Including other UAE development activities, such as Dubai Creek Harbour, consolidated UAE property development revenue increased 30% to Dh17.7 billion. The UAE development revenue backlog stood at Dh135.7 billion at the end of June, showing continued demand for Emaar’s residential and mixed-use developments.

During the first half of 2026, Emaar launched 11 projects across several major Dubai communities, including Emaar South, Dubai Hills Estate, The Heights Country Club, The Oasis, Rashid Yachts & Marina and Expo Living. The company also announced a new Dh200 billion masterplan, strengthening its long-term development pipeline.

Emaar’s malls, retail and commercial leasing operations also contributed to overall performance. Revenue from this segment increased 9% year-on-year to Dh3.5 billion, while EBITDA rose 10% to Dh3.1 billion. Average occupancy across the portfolio remained around 98% at the end of June.

The company’s international property development business generated Dh4.2 billion in property sales, while revenue increased 8% to Dh1.1 billion, supported by markets including Egypt and India. Meanwhile, hospitality, leisure and entertainment generated Dh1.6 billion in revenue during the first half.

Emaar’s recurring revenue portfolio, which includes malls, hospitality, leisure, entertainment and commercial leasing, generated Dh5.1 billion. Recurring revenue EBITDA reached Dh4 billion, accounting for around 31% of the group’s total EBITDA.

The latest results underline Emaar’s strong position in Dubai’s expanding real estate market. With strong property sales, a sizeable revenue backlog, new project launches and a large development pipeline, the company is positioned for continued growth in the coming years.