Emaar Properties PJSC (DFM: EMAAR) reported strong performance in 2025, driven by steady demand across its property, retail, hospitality, and international businesses.
Property sales rise
Emaar recorded its highest-ever property sales of Dhs 80.4 billion (US$ 21.9 billion), up 16% from Dhs 69.5 billion in 2024. Its revenue backlog reached Dhs 155 billion (US$ 42.1 billion), a 39% increase, providing clear visibility for future earnings. Total revenue hit Dhs 49.6 billion (US$ 13.5 billion), while EBITDA rose 33% to Dhs 25.6 billion (US$ 7 billion) and net profit before tax increased 36% to Dhs 25.7 billion (US$ 7 billion).
The Board recommended maintaining dividends at 100% of share capital for 2025.
Development projects
Emaar Development PJSC achieved property sales of Dhs 71.1 billion (US$ 19.4 billion), up 9% from 2024, with revenue of Dhs 27.5 billion (US$ 7.5 billion) and net profit before tax of Dhs 15.5 billion (US$ 4.2 billion), marking a 52% increase. Revenue backlog for UAE developments stood at Dhs 134.3 billion (US$ 36.6 billion).
The company launched 48 new residential projects, including Grand Polo Club and Resort, a new phase of The Valley, and Bristol at Emaar Beachfront. International sales reached Dhs 9.3 billion (US$ 2.5 billion), up 124%, driven by Egypt and India.
Retail and hospitality
Emaar’s malls, retail, and commercial leasing generated Dhs 6.3 billion (US$ 1.7 billion) in revenue, a 13% rise, with 98% average occupancy. The Dubai Mall Exhibition Centre opened with 10,000 sq. m of flexible event space.
Hospitality and entertainment revenue reached Dhs 4.2 billion (US$ 1.1 billion), a 12% increase, with UAE hotels maintaining 82% occupancy. Three new hotels with over 750 keys were added.
Recurring revenue and sustainability
Recurring revenue from malls, hospitality, leisure, entertainment, and commercial leasing rose 13% to Dhs 10.5 billion (US$ 2.8 billion), contributing 32% of total EBITDA. Emaar continued to focus on operational efficiency, customer experience, and ESG initiatives.
Mohamed Alabbar, founder of Emaar, said:
“Our 2025 results were shaped by a business environment that enables ambition and rewards long-term thinking. The UAE Government and the city of Dubai have created a framework built on stability, clear regulation, and openness to global investment, allowing companies like Emaar to plan with confidence, scale responsibly, and focus on execution. This foundation has been critical to our ability to grow, innovate, and deliver enduring value for our customers and partners.”
tanvir@dubainewsweek.com
