Press releases, Reports & Disclosures for EMAAR DEVELOPMENT PJSC

Emaar Development PJSC and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending March 31, 2025.

Emaar Development PJSC and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending March 31, 2025.

Emaar Development PJSC reported significant growth in Q1 2025, with property sales increasing by 28% to AED 16.5 billion (US$ 4.5 billion) and a revenue backlog exceeding AED 100 billion (US$ 27 billion). The company's revenue rose by 43% to AED 5 billion (US$ 1.4 billion), while EBITDA increased by 48% to AED 2.5 billion (US$ 683 million), with an EBITDA margin of 50%. Net profit before tax grew by 49% to AED 2.8 billion (US$ 753 million), reflecting a net margin of 55%. Emaar Development, a leading property developer in the UAE, attributes this success to operational excellence, innovation, and customer satisfaction, with a focus on sustainability and high-quality services. Founder Mohamed Alabbar emphasized the company's commitment to innovation and its role in shaping the future of real estate in Dubai.