Emaar achieves another record year; nets $21bn property sales in 2025

13/02/2026 06:58 AST

Leading Dubai master developer Emaar Properties has reported a solid financial and operational performance for the full year 2025, supported by sustained demand across its core businesses.

Emaar's diversified portfolio and strategic focus on quality, customer experience, and sustainability have driven consistent growth across its property development, retail, hospitality, and international businesses.

Emaar achieved its highest-ever property sales of AED 80.4 billion ($21.9 billion) in 2025, an increase of 16% over 2024 sales of AED 69.5 billion ($19 billion), driven by demand across established master communities and successful new launches.

Driven by strong sales momentum, Emaar's revenue backlog reached AED 155 billion ($42.1 billion) as of 31 December 2025, an increase of 39% year-on-year, providing strong visibility on future revenue at healthy margins.

Emaar benefits from a substantial and diversified master-planned land bank, encompassing ~618 million sq. ft. of mixed-use development opportunities, of which ~344 million sq. ft. of land bank is in the UAE. This land reserve is strategically positioned to support the Group's ongoing expansion, and long-term value creation for its shareholders.

Emaar's achieved its highest ever revenue for the year reaching AED 49.6 billion ($13.5 billion), reflecting an increase of 40% compared to 2024, primarily driven by the strong performance of the company's domestic operations.

The company also recorded its highest ever ebitda and net profit before tax with ebitda reaching AED 25.6 billion ($7 billion), up 33% year-on-year, supported by operational efficiencies and healthy margins across all business lines and net profit before tax reaching AED 25.7 billion ($7 billion), marking a growth of 36% compared to the last year.

Building on the dividend policy announced in December 2024 and supported by sustained strong results and outstanding performance, the board of directors recommended maintaining dividends at 100% of share capital for 2025.

Emaar continued to prioritise customer satisfaction through design excellence, innovative concepts, timely delivery, and world-class community experiences. The 2026 New Year celebrations set a new global benchmark, transforming Downtown Dubai into a week-long spectacle, offering approximately 2.8 million visitors an immersive experience that showcased the city's exceptional energy and creativity, reinforcing Dubai's position as a global destination for major cultural and entertainment events and enhancing engagement across Emaar's destinations.

Mohamed Alabbar, founder of Emaar, said: "Our 2025 results were shaped by a business environment that enables ambition and rewards long-term thinking. The UAE Government and the city of Dubai have created a framework built on stability, clear regulation, and openness to global investment, allowing companies like Emaar to plan with confidence, scale responsibly, and focus on execution. This foundation has been critical to our ability to grow, innovate, and deliver enduring value for our customers and partners."

Following credit rating upgrades by S&P Global to BBB+ and by Moody's to Baa1 earlier in the year, both with stable outlooks, Emaar's full year performance further reinforces its strong credit profile and market leadership.

On its build-to-sell property development, Emaar Development recorded another strong year in 2025, driven by robust property sales, steady project delivery and consistent demand across new launches in the company's flagship master-planned communities.

In 2025, property sales reached AED71.1 billion ($19.4 billion) achieving another record performance, representing growth of 9% compared to 2024. Emaar Development's revenue rose to AED 27.5 billion ($7.5 billion), marking an increase of 44%, while net profit before tax reached AED 15.5 billion ($4.2 billion), representing a year-on-year increase of 52%. Together with other UAE based property development operations, such as Dubai Creek Harbour, the Group's revenue from property development in the UAE reached AED 36.4 billion ($9.9 billion).

Revenue backlog from UAE developments reached AED 134.3 billion ($36.6 billion) as of December 31, 2025 to be recognised as revenue over the next four years. High backlog with healthy margins provides clear visibility of the business's future profitability.

During 2025, the company successfully launched 48 new residential projects across its communities, including Grand Polo Club and Resort, a new phase of The Valley, and Bristol at Emaar Beachfront.

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