Real Estate Emaar revenue doubles as property sales rise By Pramod Kumar May 13, 2025, 9:30 AM Wam Emaar board members at the AGM in March 2025. Revenue backlog from property sales jumped to AED127 billion as of March 31, 2025, rising 62 percent year on year Emaar Properties, Dubai’s largest listed property company, doubled its revenue in the first quarter of 2025, supported by higher property sales. Top line reached AED10.1 billion ($2.8 billion) in the first quarter, compared to AED6.7 billion a year ago as cost-effective measures were implemented, the developer said in a statement. Net profit rose 27 percent to AED3.9 billion in the quarter ended March 31, 2025, from AED2.9 billion a year earlier. Property sales increased 42 percent year on year to AED19.3 billion. Revenue backlog from property sales jumped to AED127 billion as of March 31, 2025, rising 62 percent year on year. The backlog refers to future revenue from property sales that will be recognised in the coming years. The consolidated revenue of Emaar from its property development business in the UAE reached AED6.9 billion during the quarter. Shopping malls, retail and commercial leasing operations contributed revenue of AED1.5 billion during the quarter. Mall assets maintained an average occupancy of 98 percent as of March 31, 2025. Emaar Development project backlog hits $27bn Emaar’s overseas units struggle to match home gains Emaar in talks with Adani over $1bn sale of Indian business Emaar’s international real estate operations recorded property sales of AED2.8 billion in the first quarter, reflecting continued demand across key markets. Revenue reached AED626 million during the same period. The hospitality, leisure and entertainment divisions generated revenues of AED1.1 billion, thanks to buoyant tourism and a surge in domestic demand. The developer paid a record dividend of AED8.9 billion last year. Shares fell nearly 1 percent to close at AED13.25 on Monday. The stock has gained 17 percent over the past month and is up 64 percent in the last year. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
