Staff Report
Dubai, UAE
Emaar Properties has announced 50 percent year-on-year (YoY) surge in its revenue collection to Dh10.1 billion for the first three months of 2025. As per its Q1 2025 financial performance report, the company achieved property sales of approximately Dh19.3 billion (US$5.3 billion) – an increase of 42 percent over Q1 2024 sales of Dh13.5 billion (US$3.7 billion).
Emaar’s net profit before tax in first quarter of 2025 rose by 27 percent to Dh5.4 billion (US$1.5 billion) compared to the corresponding period in 2024. Its earnings before interest, taxation, depreciation, and amortisation (EBITDA) jumped 24 percent YoY to Dh5.4 billion (US$1.5 billion), with a healthy margin exceeding 53 percent.
The company’s revenue backlog from property sales increased to Dh127 billion (US$34.6 billion) as of 31 March 2025, marking a 62 percent increase from the same period last year and indicating strong revenue growth for the coming years.
Emaar recently declared and paid a record dividend of Dh8.9 billion (US$2.4 billion) to its shareholders.
Mr. 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. These results are more than numbers; they reflect the ambition of a team that refuses to stand still, and a community that inspires us to go further. At Emaar, we don’t follow momentum — we create it. Our journey is powered by people with bold ideas, by a culture that rewards curiosity, and by a commitment to shape the future with purpose and precision.”
Emaar Development, Emaar’s build-to-sell property development arm, continued its momentum with strong property sales and project deliveries. With the successful launch of 12 projects in Q1 2025 across all master plans in the UAE, Emaar’s property development business in the UAE achieved yet another record quarterly property sales of Dh16.5 billion (US$4.5 billion), representing an increase of over 28 percent compared to Q1 2024.
Emaar Development’s revenue for Q1 2025 reached Dh5 billion (US$1.4 billion), a growth of 43 percent over the same period in 2024. It achieved net profit before tax of Dh2.8 billion (US$753 million), reflecting a growth of 49 percent over Q1 2024. The consolidated revenue of Emaar Properties from its property development business in the UAE during Q1 2025 reached Dh6.9 billion (US$1.9 billion), including Dubai Creek Harbour.
Revenue backlog from property sales in the UAE increased to Dh112 billion (US$30.5 billion) as of 31 March 2025. The company’s strong performance reflects continued demand for high-quality residential developments in Dubai, with new projects planned for launch throughout the year.
Emaar’s shopping malls, retail, and commercial leasing operations recorded revenue of Dh1.5 billion (US$408 million) in Q1 2025. During the same period, the portfolio achieved an EBITDA of Dh1.3 billion (US$354 million). This performance is primarily attributed to improvement in lease rentals on renewal, continued growth in tenant sales and sustained healthy occupancy rates across key assets. As of 31 March 2025, Emaar’s mall assets maintained an average occupancy of 98 percent.
Emaar’s international real estate operations recorded property sales of Dh2.8 billion (US$762 million) in Q1 2025, reflecting continued demand across key markets. Revenue amounted to Dh626 million (US$170 million) during the same period. The performance of international operations was primarily driven by strong results in India and Egypt. The revenue from international real estate operations represent approximately 6 percent of Emaar’s total revenue in Q1 2025.
Emaar’s hospitality, leisure, and entertainment divisions generated revenues of Dh1.1 billion (US$299 million), supported by buoyant tourism and a surge in domestic demand. Emaar’s UAE hotels, including those under management, reported an average occupancy of 82 percent in the first quarter of 2025. The company expanded its hospitality portfolio with the addition of 2 new hotels, featuring over 600 keys, further reinforcing its strong presence in the sector.
Emaar’s diverse and sustainable recurring revenue-generating portfolio, encompassing malls, hospitality, leisure, entertainment, and commercial leasing, achieved strong results in Q1 2025. The portfolio recorded a revenue increase of 11 percent, reaching Dh2.6 billion (US$707 million) for Q1 2025, and an EBITDA of Dh2 billion (US$545 million) showcasing a growth of around 10 percent compared to the same period last year. This portfolio continues to provide stable income streams and robust cash flows for the group. EBITDA from this portfolio constituted 37 percent of Emaar’s total EBITDA in Q1 2025.
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Also read: Emaar Development records 49% YoY profit growth in Q1 2025
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