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Emaar Development

Emaar Development Overview

Emaar Development is the UAE-based property development arm of Emaar Properties.

The company develops residential and commercial property, shopping malls and other retail assets, as well as hospitality and leisure attractions.

Emaar Development was founded in 1997 by Mohammed Alabbar.

Since 2002, Emaar Development has built over 34,500 residential units.

According to real estate services company JLL, approximately 22 percent of all freehold residential units in Dubai are located in Emaar Development’s communities.

Emaar Development oversees all aspects of development, from initial concept design and construction through to sales and marketing.

Notable projects include Downtown Dubai, Burj Khalifa, Dubai Mall and Dubai Marina.

Emaar Development News

Dubai's equity benchmark is up 24 percent in 2024, making it among the top performers globally this year

Dubai index falls from 10-year peak but remains bullish

Dubai’s index fell on Wednesday, easing from this week’s 10-year peak, as investors booked some profits from recent gains.  Its longer-term outlook remains bullish according to analysts. The emirate’s equity benchmark is up 24 percent in 2024, making it among the top performers globally this year. “From an economic growth perspective, Dubai merits that level […]

City, Water, Waterfront

Emaar revenue surges 30% on strong property sales

Revenues of Emaar Properties, Dubai’s largest listed real estate company, rose 30 percent year on year in the first nine months of 2024, driven by growth in property sales. The top line reached AED23.8 billion ($6.5 billion), up from AED18.4 billion a year earlier. Property sales hit AED50 billion in the first nine months of […]

Dubai's Emaar Properties owns 79 percent of Emaar Development and also has hospitality and retail divisions

Dubai’s bellwether Emaar to report Q3 profit rise

Dubai’s Emaar Properties, bellwether of the emirate’s bourse, and its real estate development subsidiary, are likely to report sizeable increases in third-quarter profits versus the preceding three months as margins expand and under-construction projects reach revenue recognition thresholds. Emaar Properties owns 79 percent of Emaar Development and also has hospitality and retail divisions. It is […]

Dubai developer Emaar said property sales in the first half of 2024 hit a record high of AED31.5bn, rising 56 percent year on year

Emaar revenue jumps 17% as Dubai real estate thrives

Emaar Properties, the largest developer in Dubai, reported a net profit attributable to equity holders of AED5.3 billion ($1.4 billion) in the first half of 2024, a year-on-year increase of 8 percent. Revenue jumped 17 percent year on year to AED14.4 billion, thanks to high investor confidence and robust demand in Dubai’s real estate market. […]

Dubai’s Emaar sets quarterly sales record of $3.7bn

Dubai-listed Emaar Properties reported its highest-ever quarterly sales, driven by sustained real estate demand in the emirate. Sales surged 47 percent year on year to AED13.5 billion ($3.7 billion), the developer said in a statement. Despite a 9 percent decline in net profit year on year to nearly AED3 billion, net profit before tax rose 16 percent […]

Emaar Development waterfront high-rises

Emaar Development profit rises 74% to $1.8bn in 2023

Emaar Development, a wholly owned subsidiary of Dubai’s Emaar Properties, reported that net profit surged 74 percent year on year to AED6.6 billion ($1.8 billion) last year, propelled by 27 new project launches across Dubai. Property sales increased 22 percent year on year to AED37.4 billion. The developer’s sales backlog stands at AED57.1 billion, which […]

On top of the world: as Dubai's largest real-estate developer, Emaar is seen as a safe bet for investors

Investors favour Emaar for Dubai property returns

Dubai’s residential property sector rebound has reaped huge profits for the emirate’s developers and landlords. Yet for equity traders, there is really only one investible conglomerate: Emaar Properties and its subsidiary, Emaar Development. There has been upheaval among second-tier developers listed on Dubai’s bourse, while the other major players, such as Nakheel, Dubai Properties and […]

Emaar Properties, Dubai's largest developer, reported nine-month net earnings of AED8.23 billion ($2.2bn), compared to AED5.79 billion in the same period last year

Emaar earnings jump 42% on back of real estate demand

Shares in Emaar Properties were up 4.4 percent in trading on Friday off the back of strong financial results announced for the first nine months of the year. Dubai’s largest developer reported a 42 percent year-on-year increase in profit on higher property sales and a surge in real estate demand. The developer’s nine-month net earnings […]

Emaar Dubai Hills

Emaar share price declines despite first-half profit rise

Dubai’s Emaar Properties reported a 15 percent rise in first-half net profit on Thursday as declining costs and surging other income more than offset a double-digit drop in revenue. Yet investors seemed unimpressed, and the company’s share price, and that of its subsidiary Emaar Development, were both down in early trading on Dubai’s bourse. Emaar […]

Emaar’s revenue backlog from property sales grew to AED55.7 billion

Emaar’s profit rises 43% as property sales hit $2.5bn

Emaar Properties reported a net profit of AED3.2 billion ($873 million) for the first quarter, surging 43 percent year on year on higher tourism, sales and demand for real estate in Dubai. Revenue for the period rose to AED6.3 billion, as Ebitda increased 26 percent year-on-year to AED4 billion. The group’s property sales reached AED9.2 […]