Dubai’s real estate market continues to demonstrate strong momentum, with leading developer Emaar Properties reporting an 18% increase in net profit before tax to Dh19.8 billion during the first nine months of 2026. The company’s performance highlights sustained demand for residential developments, continued construction activity and growing investor confidence in Dubai Property.
For the nine months ended September 30, 2026, Emaar recorded total revenue of Dh37.5 billion, representing a 13% increase compared with Dh33.1 billion during the same period in 2025. Its earnings before interest, taxes, depreciation and amortisation (EBITDA) also increased by 19% to Dh19.7 billion, reflecting an EBITDA margin of 53%.
The results reinforce Emaar’s position as one of the major contributors to the growth of Dubai Real Estate, particularly in the residential development and off-plan property segments.
Emaar Property Sales Reach Dh34.7 Billion
Emaar recorded property sales of Dh34.7 billion during the first nine months of 2026, demonstrating continued demand for residential properties across its master-planned communities.
The company’s revenue backlog from property sales reached Dh158.8 billion as of September 30, 2026, marking a 6% increase compared with the previous year. This substantial backlog provides greater visibility into future revenue as ongoing developments progress towards completion and handover.
During the reporting period, Emaar launched 14 new projects across its communities and handed over more than 4,800 residential units in the UAE. The company also reported that more than 80% of its active UAE projects were progressing ahead of schedule at the end of September.
These developments are particularly relevant to buyers exploring Off Plan Properties Dubai, as construction progress, project launches and delivery timelines remain important considerations when evaluating property investment opportunities.
UAE Property Development Business Drives Growth
The UAE remained Emaar’s largest development market and a key contributor to its financial performance. Property sales from its UAE development business reached Dh26.2 billion during the first nine months of 2026.
Emaar Development recorded revenue of Dh22.2 billion, representing a 26% year-on-year increase. Its net profit before tax also grew by 28% to Dh12.5 billion.
Including other UAE-based development operations, consolidated property development revenue reached Dh28.3 billion, an increase of 18% compared with the corresponding period last year.
The UAE development business reported a revenue backlog of Dh127.2 billion as of September 30. During the period, Emaar Development awarded 23 main construction contracts worth Dh13.5 billion and 43 infrastructure contracts valued at Dh4.3 billion.
For investors considering Dubai Off Plan Projects, these figures highlight the scale of development activity and the importance of established developers with substantial project pipelines.
Emaar Expands Its Development Pipeline
Emaar continues to maintain a significant land bank to support its future development plans. The company’s land bank includes approximately 604 million square feet of development opportunities, of which 315 million square feet are located in the UAE.
This development potential provides opportunities for future residential launches across different communities and price segments.
As demand for Off Plan Property Dubai continues to attract local and international buyers, new launches from established developers such as Emaar remain an important part of the city’s residential property landscape.
Buyers searching for Affordable Off Plan Properties in Dubai can also explore different communities, property configurations and payment plans to identify developments that match their investment budgets.
International Property Sales Show Positive Growth
Emaar’s international development business also delivered a positive performance, recording property sales of Dh8.5 billion during the first nine months of 2026, representing a 5% increase year-on-year.
Revenue from international operations increased by 16% to Dh1.6 billion, contributing approximately 4.3% of the Group’s overall revenue. Egypt and India were among the key international markets supporting this growth.
The company’s international expansion further strengthens its diversified development portfolio and reduces its dependence on a single property market.
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Shopping Malls and Retail Business Records Dh5.2 Billion Revenue
Emaar’s shopping malls, retail and commercial leasing operations generated revenue of Dh5.2 billion during the first nine months of 2026, marking a 10% increase compared with the previous year. EBITDA from this segment rose 8% to Dh4.4 billion.
Occupancy across its retail portfolio remained strong at approximately 98% as of September 30, 2026.
Dubai Mall continued to expand its retail offering with the UAE debut of Primark, the opening of Ulta Beauty’s second UAE store and the addition of new luxury retail outlets in Fashion Avenue.
These results demonstrate the continued importance of Dubai’s retail and tourism sectors in supporting the wider real estate market.
Hospitality and Leisure Business Reports Mixed Performance
Emaar’s hospitality, leisure and entertainment division generated revenue of Dh2.4 billion during the first nine months of 2026.
However, the company reported some pressure on hospitality performance due to lower international visitor numbers across the region. Average occupancy at its UAE hotels declined to 63%, compared with 80% during the corresponding period in 2025.
Domestic tourism demand provided partial support during the period.
In September 2026, Emaar Hospitality Group opened Vida Aljada in Sharjah, marking the Vida Hotels & Resorts brand’s entry into the emirate. The five-star property features 175 rooms and suites, along with serviced apartments, residences, restaurants and wellness facilities.
Recurring Income Businesses Maintain Stable Performance
Emaar’s recurring income businesses, which include shopping malls, hospitality, leisure, entertainment and commercial leasing, generated Dh7.6 billion in revenue during the first nine months of 2026.
EBITDA from these operations stood at Dh5.9 billion, broadly unchanged compared with the previous year. These businesses contributed approximately 30% of the Group’s total EBITDA.
The recurring income portfolio provides Emaar with diversified revenue streams beyond residential property development, supporting its overall financial stability.
What Emaar’s Financial Performance Means for Dubai Property Investors?
Emaar’s latest financial results reflect the continued scale of development activity and demand across the UAE property market. Strong property sales, a substantial revenue backlog and progress across residential construction projects indicate that the company maintains a sizeable pipeline for future growth.
For buyers exploring Off Plan Properties, Emaar’s performance provides useful information when assessing the activities of established developers. However, investors should evaluate individual projects based on location, pricing, payment schedules, construction progress and expected completion dates rather than relying exclusively on a developer’s overall financial performance.
The growing number of New Projects in Dubai also gives buyers more opportunities to compare residential developments across different communities and budgets.
Those considering Dubai Property Investment can explore different Off Plan Properties for Sale in Dubai, compare available payment plans and assess the potential long-term value of individual developments.
Looking ahead, Emaar plans to continue advancing its development pipeline while aligning new launches and investments with market conditions. The company will maintain its focus on construction progress, timely residential handovers and the long-term performance of its operating assets.
With its strong financial results and ongoing development activity, Emaar remains an important name to watch in the evolving Dubai real estate market.
Source and Attribution: This article has been rewritten and adapted from the original report published by Khaleej Times. Financial figures and company performance details are based on the original report.
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