Staff Report
Dubai, UAE
Emaar Development, the UAE’s premier property development company specialising in the build-to-sell property development business, and a majority-owned subsidiary of Emaar Properties, announced that its profit collection before tax increased 49 percent year-over-year (YoY) to Dh2.8 billion in Q1 2025. Its revenue reached Dh5 billion in the first three months of 2025, a 43 percent increase compared to the same period in 2024.
It achieved property sales of Dh16.5 billion, exhibiting an increase of 28 percent over Q1 2024 sales of Dh12.9 billion. The success of 12 project launches across all the masterplans during Q1 2025 further underscores Emaar’s market leadership and positions the company for sustained future growth.
Enhanced by record sales during Q1 2025, revenue backlog jumped 52 percent YoY to Dh100.1 billion as of March 31, 2025.
Emaar Development’s earnings before interest, taxation, depreciation, and amortisation (EBITDA) increased by 48 percent to Dh2.5 billion.
Mohamed Alabbar, founder of Emaar, stated, “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. Our focus on long-term sustainability, cutting-edge design, and seamless customer experiences has allowed us to stay ahead of the curve, even in a rapidly changing market.”
He added, “Looking ahead, 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, ensuring that Emaar continues to play a transformative role in Dubai’s vision for the future.”
Ends
Also read: Emaar Development posts 66% growth in property sales in first nine months of 2024
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