Emaar Revenue & Profit Surge: 9M 2025 Results

Emaar Properties Reports Record Growth in 2025, Driven by UAE and International Expansion

Emaar Properties has announced exceptionally strong financial results for the first nine months of 2025, reporting AED33.1 billion ($9 billion) in revenue – a 39% increase compared to the same period in 2024. The impressive performance underscores the company’s continued dominance in the Dubai property market and its successful diversification strategy.

Financial Highlights: A Surge in Profitability

The company’s net profit before tax reached AED16.7 billion ($4.5 billion), marking a 35% year-over-year increase. EBITDA also saw substantial growth, rising 32% to AED16.6 billion ($4.5 billion). These figures demonstrate Emaar’s effective financial management and the strength of its diversified portfolio.

Robust Property Sales and Expanding Backlog

Emaar achieved property sales of AED61 billion ($16.6 billion) during the first three quarters of 2025, a 22% increase from 2024. Crucially, the company’s revenue backlog reached AED150.3 billion ($41 billion) as of September 30, 2025 – a 49% year-over-year rise. This substantial backlog provides strong visibility into future revenue streams and profit margins. Emaar currently holds approximately 660 million square feet of master-planned land for mixed-use development, with 370 million square feet located in the UAE, securing long-term growth potential.

UAE Development Momentum Continues

Emaar Development, the company’s subsidiary, maintained its strong trajectory, posting AED52.9 billion ($14.4 billion) in property sales during the first nine months of 2025 – a 10% annual increase. Revenue for the subsidiary rose 41% to AED17.6 billion ($4.8 billion), with net profit before tax climbing 49% to AED9.8 billion ($2.7 billion).

The group’s total UAE property-development revenue reached AED24 billion ($6.5 billion), fueled by consistent demand for its flagship master communities, including:

• Dubai Hills Estate
• The Oasis
• Rashid Yachts and Marina
• Dubai Creek Harbour
• The Valley

Emaar recently unveiled Emaar Hills, an ultra-luxury residential community adjacent to Dubai Hills Estate, featuring exclusive residences within Dubai Mansions targeted towards a global clientele.

International Expansion Drives Significant Growth

Emaar’s international operations experienced a remarkable surge, with property sales reaching AED8.1 billion ($2.2 billion) in the first nine months of 2025 – a staggering 331% jump compared to 2024. This growth was particularly pronounced in Egypt and India. International revenue rose to AED1.4 billion ($0.4 billion), contributing 4.3% to the group’s total revenue.

Diversified Revenue Streams Enhance Performance

Beyond property development, Emaar’s malls, retail, hospitality, leisure, and commercial-leasing divisions generated AED7.7 billion ($2.1 billion) in recurring revenue, a 13% year-over-year increase. EBITDA from these segments reached AED5.9 billion ($1.6 billion), accounting for 35% of the total group EBITDA. Specifically:

• Shopping malls and retail revenue reached AED4.7 billion ($1.3 billion), with a 12% increase and an average occupancy rate of 98%.
• Hospitality, leisure, and entertainment revenue totaled AED3 billion ($800 million), a 15% increase, with an average UAE hotel occupancy rate of 72%.

Sustainability, Credit Strength, and Talent Investment

Emaar’s commitment to responsible business practices is reflected in its improved ESG credentials, receiving an MSCI upgrade to ‘A’ and achieving the CIPS Corporate Ethics Mark across its global supply chain. The company’s credit rating was also upgraded to BBB+ (S&P Global) and Baa1 (Moody’s), both with a stable outlook, demonstrating a robust balance sheet and consistent income generation. Emaar continues to prioritize the development of Emirati talent through initiatives like the Emaar Youth Council and professional certification sponsorships.

Founder’s Vision Fuels Continued Success

“Our strong results for the first nine months of 2025 are a reflection of the UAE government’s wise leadership and sound policies, alongside Emaar’s own long-term strategic planning,” stated Mohamed Alabbar, founder of Emaar. “This foundation has enabled us to anticipate change and adapt with precision. Every achievement during this period is a result of understanding market dynamics, responding quickly, and staying ahead of expectations, ensuring that Emaar continues to deliver value no matter the environment.”