Emaar Development PJSC, a leading build-to-sell property developer in the UAE and a majority-owned subsidiary of Emaar Properties PJSC, has delivered an impressive financial performance for the fiscal year 2025. The company reported its highest ever property sales, reaching AED 71.1 billion (US$ 19.4 billion), marking a 9% increase over the previous year. This achievement is a testament to the sustained demand for Emaar's master-planned communities and the favorable operating environment in Dubai.

The company's revenue also witnessed a significant increase, climbing by 44% to AED 27.5 billion (US$ 7.5 billion). This growth was bolstered by strong investor interest and a regulatory framework conducive to long-term development and capital inflows. The revenue backlog of AED 125.2 billion (US$ 34.1 billion) as of December 31, 2025, further indicates a robust pipeline of future revenues.

Profitability soared with a net profit before tax of AED 15.5 billion (US$ 4.2 billion), a 52% increase compared to 2024. This was supported by operational efficiencies and reflects a net profit margin of 56%. Additionally, the company's EBITDA rose by 52% to AED 14.3 billion (US$ 3.9 billion), with an EBITDA margin of 52%.

In a move to reward its shareholders, Emaar Development's board has proposed its highest ever dividend of 100% of its share capital, amounting to AED 4 billion (US$ 1.1 billion), subject to shareholder approval. This represents a 47% increase from the previous year.

The company has also expanded its business by acquiring 36 million square feet of development land in prime areas, with a total development value of AED 120 billion (US$ 32.7 billion). This expansion underscores Emaar Development's commitment to growth and its strategic focus on high-value projects.

Emaar Development continues to prioritize quality, timely delivery, and customer satisfaction across all its developments. The company is also advancing sustainable development practices, focusing on energy efficiency, responsible resource use, and minimizing long-term environmental impact.

Given the strong financial performance, robust sales growth, and strategic expansion, Emaar Development appears well-positioned for future growth. However, potential investors should consider the broader economic conditions and regulatory changes that could impact the real estate market in Dubai. Based on the current performance and market conditions, it may be prudent for investors to hold their positions in Emaar Development, keeping an eye on future developments and market dynamics.