Emaar Reports Dh26.6 Billion H1 2026 Property Sales and Dh164.9 Billion Backlog
Gulf News
Emaar's H1 2026 property sales hit Dh26.6bn with revenue backlog rising 13% to Dh164.9bn, driven by robust growth in UAE development and new project launches.
Emaar’s Strong H1 2026 Performance in Dubai Property Market
Emaar Properties demonstrated significant strength in Dubai's real estate sector during the first half of 2026, booking Dh26.6 billion in property sales. The developer’s revenue backlog, representing future recognised sales, surged to Dh164.9 billion — a 13% increase year-on-year. This solid backlog underscores Emaar’s healthy pipeline as projects continue progressing.
Revenue and Profit Growth
Emaar’s revenue for the six-month period ending June 30 climbed 21% annually to Dh23.9 billion. Correspondingly, earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 24% to Dh12.9 billion. Net profit before tax increased by 23%, reaching Dh12.8 billion compared to the same timeframe in the previous year.
UAE Development Segment Leads Sales
Emaar Development, the company’s primary UAE build-to-sell division, recorded robust property sales of Dh22.4 billion in H1 2026. Revenues from this segment reached Dh13.3 billion, marking a 34% jump year-on-year, while net profit before tax surged 41% to Dh7.8 billion. Including additional UAE operations such as Dubai Creek Harbour, consolidated revenue from Emaar’s UAE property development totalled Dh17.7 billion — a 30% increase.
The UAE development backlog stood at Dh135.7 billion at mid-year, reflecting a 6% increase from June 2025. This backlog indicates strong forward visibility for the developer’s upcoming deliveries.
New Project Launches and Masterplan
During the first half of the year, Emaar introduced 11 new projects across key master developments like Emaar South, Dubai Hills Estate, The Heights Country Club, The Oasis, Rashid Yachts & Marina, and Expo Living. Notably, the company revealed a new Dh200 billion masterplan, further expanding its long-term development portfolio.
Emaar holds an extensive land bank of approximately 590 million square feet of mixed-use development land, with about 316 million square feet located within the UAE.
International Operations and Diversification
Outside the UAE, Emaar’s international development activities contributed Dh4.2 billion in property sales and Dh1.1 billion in revenue during H1 2026, reflecting an 8% annual increase. These operations made up roughly 4.6% of total group revenue, with Egypt and India being key markets.
Retail, Commercial Leasing, and Hospitality Segments
Emaar’s retail malls and commercial leasing business generated Dh3.5 billion in revenue, up 9% year-on-year. EBITDA from this segment increased by 10% to Dh3.1 billion. Occupancy across Emaar’s retail portfolio remained strong at about 98% as of June 30. Leasing income was sustained by a primarily base-rent structure, despite a moderation in tenant sales volumes.
The group's hospitality, leisure, and entertainment division recorded revenue of Dh1.6 billion, with UAE hotels achieving an average occupancy rate of 60%. Although softer international tourism affected hospitality, local demand provided some support.
Collectively, recurring revenue from malls, hospitality, leisure, entertainment, and commercial leasing stood at Dh5.1 billion, comparable to the first half of 2025. EBITDA from this recurring revenue portfolio contributed Dh4 billion, representing approximately 31% of the company’s total EBITDA.
Implications for Real Estate Agents
Emaar’s strong first-half performance signals continued growth opportunities within Dubai’s real estate market, especially in residential developments and masterplan launches. Agents should leverage this momentum by focusing on active Emaar projects and upcoming launches across prime communities like Dubai Hills Estate and Emaar South. Additionally, the healthy backlog and consistent occupancy rates present promising conditions for both sales and leasing activities.
Overall, Emaar’s results underscore Dubai’s resilience and attractiveness as a real estate investment destination in 2026.
Based on reporting from Gulf News. Summary and analysis by Propilot AI.
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