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.

Emaar Development achieved record-breaking sales, revenue, and profit in 2024. Property sales increased by 75% to AED 65 billion (US$ 18 billion), and the revenue backlog reached AED 91 billion (US$ 25 billion). Revenue grew by 61% to AED 19.1 billion (US$ 5.2 billion), and EBITDA rose to AED 9.4 billion (US$ 2.6 billion), reflecting a 49% margin. Net profit before tax increased by 20% to AED 10.2 billion (US$ 2.8 billion), with a net margin of 53%. The company launched 62 projects, enhancing its market position and future growth prospects. Emaar Development also proposed a 68% dividend increase, acquired 141 million square feet of development land, and focused on customer satisfaction by repairing homes affected by rain. Additionally, the company emphasized nurturing young UAE talent for future leadership roles.

Emaar Development PJSC and its subsidiaries have released their consolidated financial statements for the year ending December 31, 2024.

The text refers to the unaudited interim condensed consolidated financial statements of Emaar Development PJSC and its subsidiaries for the period ending on September 30, 2024.

Emaar Development reported a 66% increase in property sales during the first nine months of 2024, reaching AED 48 billion (US$ 13.1 billion), compared to the same period in 2023. Revenue grew by 69% to AED 12.5 billion (US$ 3.4 billion), and the sales backlog increased by 47% to AED 83.7 billion (US$ 22.8 billion). The company launched 50 projects, including "Lavita" at The Oasis, a luxury mansion community. Emaar's founder, Mohamed Alabbar, highlighted the company's focus on innovation and sustainable growth. Dubai's growing population and emerging sectors contribute to the region's economic expansion and demand for housing.