Emaar Properties on Wednesday announced net profit before tax increased to Dh10.4 billion in the first half of 2025, a growth of 34 per cent compared to the same period last year, driven by robust performance across development, retail, hospitality, and international operations.

The master developer reported revenue increasing to Dh19.8 billion, marking a growth of 38 per cent over the same period last year.

Its property sales jumped 46 per cent year-on-year to Dh46 billion in H1 2025, surpassing previous sales records. Its revenue backlog from property sales grew to Dh146.3 billion as of June 30, 2025, representing a 62 per cent increase year-on-year.

“Numbers alone don’t tell the full story. Behind every sale, every project, every community, there’s intent. There’s a team asking: how can we do better? How can we make someone’s everyday more meaningful? The first half of 2025 reflects that mindset. The focus goes beyond meeting targets to creating lasting impact and fostering stronger connections that inspire continuous growth,” said Mohamed Alabbar, founder of Emaar.

Following the upgrade in Emaar’s credit rating by S&P Global to BBB+ in the second quarter of 2025, Moody’s also raised Emaar’s credit rating to Baa1, both with stable outlooks on the back of its strategy and sustained performance.

Emaar Development

Emaar Development – a subsidiary of Emaar Properties – launched 25 new projects across prime master communities, with property sales reaching Dh40.6 billion, reflecting a 37 per cent surge over the same period last year.

Emaar Development reported revenue of Dh10 billion, achieving a growth of 35 per cent year-on-year, and a net profit before tax of Dh5.5 billion, up by 50 per cent compared to the first half of 2024. The consolidated revenue of Emaar Properties from its property development business in the UAE during H1 2025 increased to Dh13.5 billion, up 50 per cent from the same period last year.

Revenue backlog from UAE developments reached Dh128.6 billion as of June 30, 2025, marking a 50 per cent increase over H1 2024.

“Rather than reacting to market shifts, Emaar is actively shaping what the future of urban living looks like… We are creating spaces that reflect the aspirations of today and the possibilities of tomorrow, and this is how we turn growth into legacy,” he said.

Malls, Hospitality, Leisure

Emaar’s shopping malls and leasing portfolio delivered a revenue of Dh3.2 billion in H1 2025, up 14 per cent year-on-year, and EBITDA of Dh2.8 billion, an increase of 18 per cent compared to H1 2024. This growth was driven by continued growth in tenant sales and sustained healthy occupancy across key assets, resulting in increased rental income. As of June 30, 2025, its mall assets maintained an average occupancy of 98 per cent.

The Dubai-based master developer’s hospitality, leisure, and entertainment businesses recorded revenues of Dh2.1 billion, supported by strong tourist activity and growing domestic demand. Emaar’s UAE hotels achieved an average occupancy rate of 80 per cent in H1 2025, compared to 78 per cent in the first half of 2024. The company added two hotels featuring over 600 keys in the first half of 2025, expanding its portfolio and strengthening its presence in the sector.

In addition, Emaar’s malls, hospitality, leisure, entertainment, and commercial leasing recorded a revenue increase of 15 per cent, reaching Dh5.3 billion during H1 2025, and an EBITDA of Dh4.1 billion, a growth of 16 per cent year-on-year.

Its international operations recorded property sales of Dh5.3 billion in H1 2025, marking an increase of 200 per cent over H1 2024, driven by continued demand across key markets, and revenue reached Dh1 billion, up 26 per cent.

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Source: Khaleej Times 

 09th August 2025