Emaar Development posted a 43% year-on-year rise in net profit after tax to AED 6.7 billion in H1 2026, as property sales across its Dubai communities reached AED 22.4 billion. Revenue climbed 34% to AED 13.3 billion, with EBITDA advancing 42% to AED 7.1 billion – delivering a 53% EBITDA margin and a 50% net profit margin.
The company's revenue backlog grew 8% to AED 127.7 billion, reflecting unconverted sales to be recognised as construction progresses and units are delivered. Emaar noted it maintained a measured launch pace amid regional geopolitical developments, with construction across ongoing projects tracking to schedule. The developer holds approximately 287 million square feet of mixed-use development potential within its land bank, and announced a new AED 200 billion masterplan during the period – further extending its long-term pipeline.
Gulf Economist Staff Writer