On May 11, 2026, the Investment Corporation of Dubai transferred its entire shareholding in Emaar Properties PJSC to Emirates Power Investment LLC, a subsidiary of Dubai Holding. This transaction, conducted via the Dubai Central Securities Depository LLC, resulted in Emirates Power Investment LLC owning 22.2723% of Emaar's total issued shares, while the Investment Corporation of Dubai no longer holds any shares. Consequently, Dubai Holding's total shareholding in Emaar increased to approximately 29.73%. Emaar Properties expressed satisfaction that Dubai Holding will become its largest shareholder and continue as a long-term investor, reinforcing their strategic partnership.

Emaar Properties PJSC reported a strong start to 2026, with property sales increasing by 16% to AED 22.4 billion (US$ 6.1 billion) and a revenue backlog reaching AED 163.4 billion (US$ 44.5 billion). Revenue for the first quarter rose by 23% to AED 12.4 billion (US$ 3.4 billion), while EBITDA grew by 34% to AED 7.2 billion (US$ 2 billion). Net profit before tax also increased by 33% to AED 7.2 billion (US$ 2 billion). The company's performance was driven by sustained demand, disciplined execution, and its diversified business model. Key highlights include a 16% growth in property sales, a 29% increase in revenue backlog, and a dividend payout of AED 8.9 billion (US$ 2.4 billion) to shareholders. Emaar remains focused on capital allocation, operational excellence, and converting its backlog into profitable growth, supported by a substantial land bank of approximately 600 million square feet for mixed-use development.

The document is the unaudited interim condensed consolidated financial statements of Emaar Properties PJSC and its subsidiaries for the period ending March 31, 2026.

Emaar Properties PJSC reported strong momentum in 2026 following a record year in 2025, highlighting investor confidence in Dubai's economic stability and growth. In 2025, Emaar achieved record property sales of AED 80.4 billion, revenue of AED 49.6 billion, and net profit before tax of AED 25.7 billion. The company's revenue backlog stood at AED 155 billion, ensuring future earnings visibility. Recurring income from various sectors contributed significantly to EBITDA, showcasing a resilient operating model. The Board recommended maintaining dividends at 100 percent of share capital for 2025. In early 2026, UAE property sales increased by 118 percent compared to the same period in 2025. Emaar's strong balance sheet, substantial land bank, and revenue backlog position it well for future growth. Founder Mohamed Alabbar emphasized Dubai's economic resilience and Emaar's focus on disciplined execution and sustainable value delivery. Emaar's assets and projects continue to operate smoothly, supported by strong liquidity and business continuity planning.

Emaar Properties PJSC and its subsidiaries have released their consolidated financial statements for the year ending December 31, 2025.