Emaar Properties PJSC has reported significant growth in its financial performance for the first quarter of 2025. The company achieved a 42% increase in property sales, reaching AED 19.3 billion (US$ 5.3 billion), compared to the same period last year. Emaar's revenue backlog from property sales rose to AED 127 billion (US$ 34.6 billion) as of March 31, marking a substantial increase of 62% from the previous year.
The company's revenue increased by 50% to AED 10.1 billion (US$ 2.8 billion), while EBITDA grew to AED 5.4 billion (US$ 1.5 billion) with a margin exceeding 53%. Net profit before tax also saw an increase of 27%, amounting to AED 5.4 billion (US$ 1.5 billion).
In addition, Emaar declared and paid a record dividend of AED 8.9 billion (US$ 2.4 billion) to shareholders, emphasizing its strong financial position.
Mohamed Alabbar, founder of Emaar, stated: “Every quarter is an opportunity to reinvent what’s possible — not just in how we build, but in how we think, lead, and connect... At Emaar, we don’t follow momentum — we create it.”
Emaar Development PJSC continued its positive trajectory with property sales reaching AED 16.5 billion (US$ 4.5 billion), reflecting an increase of over 28% compared to Q1 last year.
Emaar's shopping malls and retail operations recorded revenue of AED 1.5 billion (US$408 million). International real estate operations generated property sales worth AED2 .8billion( US $762million ) during this period .
The hospitality sector contributed revenues totaling approximately $299 million , supported by high tourism demand .
S&P Global upgraded Emaar’s credit rating to BBB+ with a stable outlook due largely due their solid finances & growth prospects
Alerts Sign-up