Emaar Properties reported revenue of AED 37.5 billion (US$ 10.2 billion) for the nine months ended September 30, 2026, up 13 per cent year-on-year, with net profit before tax rising 18 per cent to AED 19.8 billion (US$ 5.4 billion). EBITDA reached AED 19.7 billion (US$ 5.4 billion), up 19 per cent, at a margin of 53 per cent.
The board approved a one-time special dividend of AED 4.4 billion (US$ 1.2 billion), equivalent to AED 0.5 per share, in addition to its regular annual dividend. The company said the payment reflects its earnings profile and its commitment to shareholder returns.
“Our nine-month results reflect the work happening across Emaar, from construction sites and handovers to the daily management of our destinations. A home purchase is a significant commitment, and our responsibility continues long after the sale. We earn that trust through the quality we deliver and how our communities perform over time. That is where our teams remain focused as we invest in the next stage of Emaar’s growth. The UAE leadership has established a clear direction for the country’s future. For businesses, that clarity supports decisions that extend well beyond a single financial period. We will continue to contribute through investment, new ideas and places that serve the needs of a growing population,” Mohamed Alabbar, founder of Emaar said in a statement.
Group property sales reached AED 34.7 billion (US$ 9.4 billion) in the period, while the revenue backlog from property sales stood at AED 158.8 billion (US$ 43.2 billion) as of 30 September, up 6 per cent year-on-year.
UAE property sales contributed AED 26.2 billion (US$ 7.1 billion) of that total. Emaar Development, the listed build-to-sell subsidiary, reported revenue of AED 22.2 billion (US$ 6.0 billion), up 26 per cent, and net profit before tax of AED 12.5 billion (US$ 3.4 billion), up 28 per cent.
Emaar handed over more than 4,800 residential units in the UAE during the first nine months of the year, with more than 80 per cent of active UAE projects reported as ahead of schedule. The developer awarded 23 main works contracts valued at AED 13.5 billion (US$ 3.7 billion) and 43 infrastructure contracts worth AED 4.3 billion (US$ 1.2 billion) during the period.
New launches in the year included Serro, Serro II and Salva at Heights Country Club & Wellness, Valia at Dubai Creek Harbour, and Alva at The Valley. The company also announced plans for an AED 200 billion masterplan during the first half, which it described as adding to its long-term development pipeline.
International property sales reached AED 8.5 billion (US$ 2.3 billion), up 5 per cent year-on-year, with Egypt and India the primary contributors. International revenue was AED 1.6 billion (US$ 0.4 billion), representing approximately 4.3 per cent of total Group revenue.
The shopping malls and commercial leasing portfolio reported revenue of AED 5.2 billion (US$ 1.4 billion), up 10 per cent, with portfolio occupancy at approximately 98 per cent. New retail arrivals at Dubai Mall during the period included Primark’s UAE debut and Ulta Beauty’s second UAE store.
Hospitality performance was softer. Revenue from Emaar’s hotels, attractions and lifestyle destinations reached AED 2.4 billion (US$ 0.7 billion), with average UAE hotel occupancy at 63 per cent for the nine months, down from 80 per cent in the same period of 2025.
The company attributed the decline to lower international visitor numbers across the region, with domestic demand providing a partial offset. In September, Emaar Hospitality opened Vida Aljada in Sharjah, the brand’s first property outside Dubai, with 175 rooms and suites.
Recurring revenue across malls, hospitality and commercial leasing reached AED 7.6 billion (US$ 2.1 billion), broadly flat year-on-year, contributing 30 per cent of Group EBITDA.
