Emaar Development reported a 24% rise in net profit to Dhs 10.8 billion in the first nine months of 2026, as it handed over more than 4,800 homes and advanced construction across its Dubai communities.
Emaar Development revenue rises 26%
The Dubai-based developer recorded revenue of Dhs 22.2 billion between January and September 2026, up 26% compared with the same period last year.
EBITDA increased 28% to Dhs 11.4 billion, while net profit after tax reached Dhs 10.8 billion, representing a 24% year-on-year increase.
Property sales totalled Dhs 26.2 billion during the nine-month period, while the company’s revenue backlog stood at Dhs 119.8 billion as of September 30.
More than 4,800 homes handed over
Emaar Development handed over more than 4,800 residential units during the first nine months of the year.
The company also reported that more than 85% of its active projects were ahead of schedule as of September 30, reflecting progress across its ongoing developments.
To support construction and infrastructure work, Emaar Development awarded 23 main works contracts worth Dhs 13.5 billion, alongside infrastructure contracts valued at Dhs 4.3 billion.
Dhs 119.8 billion backlog supports future projects
The company’s revenue backlog reached Dhs 119.8 billion, providing visibility over revenue expected to be recognised as projects progress.
Emaar also has approximately 285 million square feet of mixed-use development opportunities in its land bank as of September 30.
During the first half of 2026, the company announced plans for a Dhs 200 billion masterplan, adding to its longer-term development pipeline.
Mortgage options and sustainability initiatives
Emaar Development also highlighted its collaboration with ADCB, announced in July, to provide financing solutions for eligible buyers of ready and off-plan properties.
The arrangement includes annually renewable mortgage pre-approval for eligible off-plan buyers until handover.
On sustainability, the company expanded rooftop solar photovoltaic capacity to 1.08 MWp across The Greens, The Views and Dubai Hills Estate.
It also reported a landfill diversion rate of 67.7% as of August 2026, alongside an energy savings programme in Downtown Dubai.
Emaar founder comments on development plans
Mohamed Alabbar, founder of Emaar, said: “Our nine-month results reflect the progress we are making in turning plans into completed communities. People buying a home are making a decision about their future, and they expect us to deliver on every part of that promise. Our focus is on the details that shape their daily lives: the quality of their homes, the spaces around them and how their communities develop over time.”
He added: “The UAE leadership’s long-term vision gives businesses the confidence to invest ahead. As Dubai grows, we will continue to plan carefully, invest in infrastructure and create communities that serve the city for generations.”
