Emaar Development scores near 49% increase in Q1-2025 profit

Dubai: The continuing growth story in Dubai's property market is reflected in Emaar Development's revenues of Dh5 million for Q1-25, up a whopping 43%.

Net profit (before tax) weighed in at the Dh2.8 billion mark, up 49%.

"The success of 12 projects launches across all the masterplans during Q1-2025 further underscores Emaar’s market leadership and positions the company for sustained future growth," said a statement.

Emaar's latest 'The Valley' development sure has been figuring prominently in the Dubai real estate market's sales charts. In April, the upscale residential community along with the Palm Jebel Ali rated high as new - and existing - investors in Dubai looked at newer projects to put their money into.

When it comes to the Q1-25 performance, Emaar had overall sales of Dh16.5 billion, an increase of 28% over the year before tally of Dh12.9 billion.

"Our success in this first quarter is just the beginning," said Mohamed Alabbar, founder of Emaar.

"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."

Net profit for the Q1-25 period was Dh2.35 billion, from Dh1.69 billion. This comes even as the company’s tax obligations swelled 148% year-on-year to Dh410 million.

"This is not just about financial growth—it’s about reshaping the way people experience living, working, and thriving in our communities," said Alabbar. "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."