Emaar Development PJSC, a leading property development company in the UAE and a subsidiary of Emaar Properties PJSC, has reported significant growth in its financial performance for the first quarter of 2025. The company recorded a 28% increase in property sales, reaching AED 16.5 billion (US$ 4.5 billion), compared to AED 12.9 billion (US$ 3.5 billion) in the same period last year.
The company's revenue increased by 43% to AED 5 billion (US$ 1.4 billion), while EBITDA rose by 48% to AED 2.5 billion (US$ 683 million), with an EBITDA margin of 50%. Net profit before tax saw a rise of 49%, amounting to AED 2.8 billion (US$ 753 million), resulting in a net margin of 55%.
Emaar Development's backlog reached AED 100.1 billion (US$ 27.3 billion) as of March-end, marking a substantial increase from Q1 of the previous year and indicating strong future revenue potential.
Mohamed Alabbar, founder of Emaar, commented on the results: “The results we’ve achieved in Q1 2025 underscore our bold approach to redefining the future of real estate.” He emphasized that their focus extends beyond financial growth to reshaping living experiences through sustainability and innovation.
Alabbar further stated: “Looking ahead, we are more committed than ever to fostering innovation in every aspect of our business.”
Emaar Development is known for developing prime residential and commercial properties across Dubai's iconic communities such as Emirates Living and Downtown Dubai. Since its inception, it has delivered over 76,000 residential units and continues to develop more than 43,500 units.
For further details or media inquiries, contact Emaar's Marketing Department at PR@emaar.ae.
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