Emaar Properties grew revenue 13 percent to AED 37.5 billion and net profit after tax 17 percent to AED 17.1 billion in the first nine months of 2026. It launched 14 projects in the period, sold AED 34.7 billion of property and lifted its revenue backlog to AED 158.8 billion.
According to Gulf News, Emaar Properties reported on Thursday that revenue for January to September rose to AED 37.5 billion from AED 33.1 billion a year earlier. Profit before tax climbed 18 percent to AED 19.8 billion, EBITDA rose 19 percent to AED 19.7 billion and net profit after tax increased 17 percent to AED 17.1 billion. The National reports that in the third quarter alone, net profit attributable to owners rose 5.6 percent to AED 4.6 billion on revenue up almost 3 percent at AED 13.6 billion.
Emaar Development, the group's UAE home building arm, grew nine month net profit 24 percent to AED 10.8 billion and revenue 26 percent to AED 22.2 billion. Its sales reached AED 26.2 billion and its backlog stood at AED 119.8 billion on 30 September. Over the period it awarded 23 main construction contracts worth AED 13.5 billion and 43 infrastructure contracts worth AED 4.3 billion, and handed over more than 4,800 homes in the UAE. Emaar says more than 80 percent of its active UAE projects are ahead of schedule. The group's land bank covers about 604 million sq ft, 315 million sq ft of it in the UAE.
Revenue from malls, retail and commercial leasing grew 10 percent to AED 5.2 billion, with occupancy across the portfolio at about 98 percent. International development sales, led by Egypt and India, rose 5 percent to AED 8.5 billion.
The National also reports that in a Thursday filing to the Dubai Financial Market, Emaar Properties said its board had approved the plan to buy the Emaar Development shares it does not own at AED 15 each and that it intends to delist the unit afterwards. Emaar and its subsidiary already hold about 81 percent; the remaining 793.5 million shares are worth more than AED 11.9 billion in total. The company said the move would simplify the group's structure and bring the UAE development business under a single capital allocation framework. Founder Mohamed Alabbar said: "A home purchase is a significant commitment, and our responsibility continues long after the sale."
المصدر: Gulf News
