Emaar Development has achieved a remarkable milestone as its backlog surpasses AED100 billion, coinciding with a significant leap in sales during the first quarter of 2025. The real estate powerhouse reported property sales totaling AED16.5 billion (approximately $4.5 billion), marking a notable 28% increase compared to the same period last year. This growth reflects Emaar Development’s ongoing commitment to playing a transformative role in Dubai’s vision for the future.
Emaar Development’s Record Quarter
The majority-owned subsidiary of Emaar Properties not only launched 12 new projects across various master plans this quarter but also reported a revenue backlog reaching AED100.1 billion (US$27.3 billion) as of March 31, 2025. This figure represents a remarkable 52% rise from the same quarter last year, suggesting a robust influx of revenue over the coming years.
In terms of financial performance, Emaar Development saw a revenue increase of 43%, amounting to AED5 billion (US$1.4 billion) in Q1 2025. The company’s net profit before tax climbed by 49% to AED2.8 billion (US$753 million), further emphasizing the upward trajectory of its financial health.
Mohamed Alabbar, founder of Emaar, expressed pride in the company’s first-quarter achievements: “The results we’ve achieved in Q1 2025 underscore our bold approach to redefining the future of real estate. This is not just about financial growth. It’s about reshaping the way people experience living, working, and thriving in our communities.”
Looking ahead, Alabbar emphasized that Emaar Development’s accomplishments this quarter are merely the beginning of an ambitious journey. “We are more committed than ever to fostering innovation in every aspect of our business. Our success in this first quarter is just the beginning, and we are ready to set new benchmarks in quality, connectivity, and community development,” he remarked. He reaffirmed, “We will ensure that Emaar continues to play a transformative role in Dubai’s vision for the future.”
As a developer of prime residential and commercial build-to-sell (BTS) assets in the UAE, Emaar Development is responsible for some of the most iconic master-planned communities in Dubai, such as Emirates Living, Downtown Dubai, Dubai Marina, and Arabian Ranches. The company has successfully delivered 76,000 residential units since its inception in 2002, with over 43,500 units currently under development, showcasing its pivotal role in shaping Dubai’s real estate landscape.