Emaar Properties has achieved a significant milestone in the Dubai real estate sector, reporting a remarkable increase in property sales for H1 2025. With an impressive 46% surge, the company’s property sales reached approximately $12.5 billion, showcasing its commitment to growth and excellence in the dynamic landscape of property development. This achievement underscores Emaar’s strong market position and highlights the sustained demand for real estate in a thriving economy.
Emaar Properties continues to deliver outstanding results, maintaining momentum in Dubai’s real estate sector from the first quarter to record-breaking figures in the second quarter. The company reported substantial growth across its core business segments, driven by ongoing strength in property sales, a robust revenue backlog, and improved profitability.
For the first half of 2025, Emaar reported property sales of approximately AED 46 billion (US$12.5 billion), reflecting a 46% increase compared to H1 2024 and setting a new benchmark for sales records. Revenue reached AED 19.8 billion (US$5.4 billion), marking a year-on-year growth of 38%, buoyed by strong performance across various segments, including development, retail, hospitality, and international operations.
Emaar Reports Strong H1 2025 Results
With an EBITDA of AED 10.4 billion (US$2.8 billion), signifying a 30% increase, Emaar maintained a healthy margin of over 52%. The net profit before tax also climbed to AED 10.4 billion (US$2.8 billion), demonstrating commendable growth of 34%.
As of June 30, 2025, Emaar’s revenue backlog from property sales surged to AED 146.3 billion (US$39.8 billion), representing a staggering 62% increase year-on-year. This growth offers robust visibility for future revenue, as the backlog at the beginning of the year stood at approximately AED 127 billion (US$34.6 billion).
Mohamed Alabbar, the founder of Emaar, remarked, “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?”
He further emphasized that “The first half of 2025 reflects that mindset. The focus goes beyond meeting targets to creating a lasting impact and fostering stronger connections that inspire continuous growth.”
Mohamed Alabbar, founder of Emaar
In a notable recognition of its financial strength, S&P Global upgraded Emaar’s credit rating to BBB+, while Moody’s raised it to Baa1, both with stable outlooks. These ratings reinforce the efficacy of the company’s strategic approach, operational excellence, and robust performance as it focuses on cost management and maximizing value across all sectors.
Emaar Development, the UAE division of the company, experienced exceptional growth in H1 2025, launching 25 new projects across prime master communities. Property sales reached AED 40.6 billion (US$11.1 billion), signifying a 37% surge over the same period last year.
Emaar Development reported revenue of approximately AED 10 billion (US$2.7 billion), achieving a year-on-year growth of 35%, while net profit before tax stood at AED 5.5 billion (US$1.5 billion), reflecting a significant jump of 50% compared to H1 2024.
Consolidated revenue from Emaar Properties’ property development activities in the UAE during the first half of 2025 reached AED 13.5 billion (US$3.7 billion), a remarkable 50% increase year-on-year. Additionally, the revenue backlog from UAE developments hit AED 128.6 billion (US$35 billion) as of June 30, 2025, mirroring a 50% growth year-on-year.
Shopping Malls, Retail, and Commercial Leasing
The performance of the company’s shopping malls and leasing portfolio has also been robust, with strong growth in tenant sales and high occupancy rates. As of June 30, 2025, Emaar’s mall assets boasted an impressive average occupancy of 98%.
During the first half of 2025, revenue from this segment reached AED 3.2 billion (US$871 million), up 14% year-on-year, while EBITDA amounted to AED 2.8 billion (US$762 million), marking an 18% increase.
A surge in demand for real estate assets in both India and Egypt has propelled Emaar’s international operations, resulting in property sales of AED 5.3 billion (US$1.4 billion), representing an astounding 200% increase over H1 2024. Revenue for these operations hit AED 1 billion (US$272 million), showing a 26% rise and constituting approximately 5% of Emaar’s total revenue in H1 2025.
Furthermore, Emaar’s hospitality, leisure, and entertainment sectors have experienced positive developments, with UAE hotels boasting an average occupancy rate of 80% in H1 2025, compared to 78% in the same period last year. Revenues from this segment reached AED 2.1 billion (US$572 million), and the company expanded its portfolio by adding two new hotels with over 600 keys in the first half of 2025.