Emaar Development sells Dh22.4bn of homes, profit jumps 43% in H1

Revenue rose 34% to Dh13.3b while its property sales backlog reached Dh127.7b

Last updated:
Nivetha Dayanand, Assistant Business Editor
Emaar Development sells Dh22.4bn of homes, profit jumps 43% in H1

Dubai: Emaar Development recorded Dh22.4 billion in property sales during the first half of 2026, while net profit after tax increased 43% to Dh6.7 billion as the developer continued to recognise revenue from projects across its Dubai communities.

Revenue for the six months ended June 30 rose 34% year-on-year to Dh13.3 billion, supported by continued project execution and revenue recognition across ongoing developments.

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EBITDA increased 42% to Dh7.1 billion, giving the company an EBITDA margin of 53%, while its net profit margin stood at 50%.

Backlog reaches Dh127.7bn

Emaar Development’s revenue backlog reached Dh127.7 billion at the end of June, up 8% compared with the same period last year.

The backlog represents property sales that are due to be recognised as construction progresses and homes are delivered.

Property sales reached Dh22.4 billion during the first half, with the company maintaining a measured pace of launches amid regional geopolitical developments.

Construction across ongoing projects progressed in line with schedules during the period.

Development pipeline expands

Emaar Development has approximately 287 million square feet of mixed-use development opportunities within its land bank.

The company also announced a new Dh200 billion masterplan during the period, adding to its longer-term development pipeline.

Nivetha Dayanand
Nivetha DayanandAssistant Business Editor
Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.
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