Emaar Properties Reports AED 37.5 Billion Revenue and Approves Exceptional Dividend Payout

Saturday 7 November 2026 08:41

Emaar Properties PJSC, listed on the Dubai Financial Market (DFM), delivered strong financial performance for the nine-month period ending September 30, 2026. Revenues rose 13% year-on-year to reach AED 37.5 billion (USD 10.2 billion), compared to AED 33.1 billion recorded in the same period last year.

Net profit after tax jumped to AED 17.109 billion, representing a 16.8% increase compared to AED 14.647 billion in the corresponding period of 2025. EBITDA also surged 19% to reach AED 19.7 billion.

Record Property Sales and Accelerated Construction Deliveries

Group property sales reached AED 34.7 billion (USD 9.4 billion), driven by the successful launch of 14 new projects. Revenue backlog from property sales under development rose to AED 158.8 billion, a 6% increase year-on-year, offering clear revenue visibility for coming years.

On the execution front, Emaar delivered over 4,800 residential units across the UAE. Construction progress data indicates that over 80% of ongoing developments in the UAE are running ahead of their target schedules. To support project execution, Emaar Development awarded 23 main construction contracts valued at AED 13.5 billion alongside 43 infrastructure contracts worth AED 4.3 billion.

AED 4.4 Billion Special Dividend Approved

Reflecting these record financial results, Emaar’s Board of Directors approved a one-time special dividend of AED 4.4 billion (USD 1.2 billion), equivalent to AED 0.50 per share (50% of the company's share capital), alongside its regular annual payout to enhance shareholder returns.

The Group maintains a total land bank of approximately 604 million square feet (including 315 million square feet in the UAE), providing a solid foundation for long-term expansion and value creation.

Emaar Development Drives Growth and International Expansion

The Group’s build-to-sell property development division, Emaar Development, posted revenues of AED 22.2 billion, up 26% year-on-year. Net profit after tax reached AED 10.8 billion (+24%), while property sales totaled AED 26.2 billion.

International development operations continued to diversify Group earnings, led by strong performance in key markets such as Egypt and India. International property sales grew 5% to AED 8.5 billion, while revenues reached AED 1.6 billion (+16%), contributing 4.3% to total Group revenue.

Resilient Recurring Revenues in Malls, Retail, and Hospitality

Recurring revenue operations—including shopping malls, hospitality, entertainment, and commercial leasing—generated AED 7.6 billion in revenue, with EBITDA reaching AED 5.9 billion.

Malls & Retail: Recorded AED 5.2 billion in revenue (+10%), maintaining a high occupancy rate of 98%. Dubai Mall expanded its brand offering by welcoming major international retailers, including Primark’s UAE debut and Ulta Beauty’s second store in the country.

Hospitality & Entertainment: Generated AED 2.4 billion in revenue, with average hotel occupancy in the UAE standing at 63%, bolstered by solid domestic tourism demand. The division also expanded its footprint with the opening of Vida Aljada (5-star, 175 keys) in Sharjah.