Dubai, UAE – Emaar Properties reported a net profit before tax of AED 19.8 billion (US$5.4 billion) for the first nine months of 2026, up 18% year on year. The developer announced the results on 5 November 2026, together with a one-off special dividend of AED 4.4 billion.
Key figures (January–September 2026)
- Revenue: AED 37.5 billion, up 13% from AED 33.1 billion
- EBITDA: AED 19.7 billion, up 19%
- Group property sales: AED 34.7 billion
- Revenue backlog: AED 158.8 billion, up 6% year on year
- Special dividend: AED 4.4 billion, equal to 50 fils a share
UAE development business
UAE property sales reached AED 26.2 billion, and the UAE development backlog stood at AED 127.2 billion at the end of September. Emaar launched 14 projects during the period, including new phases at Dubai Creek Harbour and The Valley, and handed over more than 4,800 homes in the UAE. It said more than 80% of its active UAE projects were ahead of schedule.
Hospitality was weaker. Average occupancy at Emaar’s UAE hotels fell to 63%, from 80% a year earlier, as tourism slowed during the regional conflict.
Emaar Development results and buyout offer
Listed subsidiary Emaar Development reported revenue of AED 22.2 billion, up 26%, and net profit after tax of AED 10.8 billion, up 24%, with a revenue backlog of AED 119.8 billion.
A day before the results, Emaar Properties announced a voluntary cash offer of AED 15 a share for the part of Emaar Development it does not already own. It holds more than 79% of the company, and the deal is valued at about AED 11.9 billion. If completed, it could lead to Emaar Development leaving the Dubai Financial Market.
Mohamed Alabbar, founder of Emaar, said the results reflect the work taking place across the group, from construction sites and handovers to the day-to-day running of its destinations.
