Emaar Properties ended 2025 with record revenue of approximately €11.87 billion and net profit of around €5.34 billion. Property sales reached approximately €19.25 billion, while contracted but not yet recognised revenue amounted to around €37.1 billion, providing the company with a strong foundation for continued growth.
Emaar Properties, whose Managing Director is Mohamed Ali Alabbar, ended 2025 with record revenue of AED 49.6 billion, up 40 per cent from a year earlier. Net profit increased by 28 per cent to AED 22.3 billion, while record property sales reached AED 80.4 billion.
A further strong basis for continued growth is provided by approximately AED 155 billion in contracted but not yet recognised revenue from property sales. This revenue will be recognised as construction progresses and properties are handed over to buyers.
According to Emaar Properties’ Integrated Annual Report for 2025, the company’s revenue increased from AED 35.5 billion in 2024 to AED 49.6 billion last year.
Business growth was supported by progress in the construction of numerous projects, strong results from shopping centres and the hospitality segment, as well as continued population and tourism growth and rising interest among international investors in the United Arab Emirates market.
The value of property sales reached AED 80.4 billion, 16 per cent more than in 2024, when it stood at AED 69.5 billion.
Net profit up 28 per cent
The company’s gross profit increased by 34 per cent to AED 27.2 billion, while EBITDA rose by 33 per cent to AED 25.6 billion.
Profit before tax amounted to AED 25.7 billion, 36 per cent higher than a year earlier. After tax, net profit reached AED 22.3 billion, compared with AED 17.45 billion in 2024.
Earnings per share increased by 30 per cent, from AED 1.53 to AED 1.99.
Although revenue and profit rose strongly, the net profit margin declined from 49 to 45 per cent, while the EBITDA margin fell from 54 to 52 per cent. Despite this, Emaar maintained a high level of profitability across its main business segments.
Future revenue reaches AED 155 billion
The value of contracted but not yet recognised revenue from property sales reached approximately AED 155 billion at the end of 2025.
This figure increased by 39 per cent year on year and provides the company with greater visibility over future revenue.
The UAE development business alone recorded property sales worth AED 71.1 billion, while the value of contracted future revenue in that segment reached AED 134.3 billion.
The results were supported by The Oasis, Dubai Hills Estate, The Valley and Dubai Creek Harbour projects, as well as the new Grand Polo Club & Resort development. Emaar said construction on key projects progressed ahead of schedule.
International sales more than doubled
Particularly strong growth was recorded in international markets. Property sales outside the UAE increased from AED 4.1 billion in 2024 to AED 9.3 billion in 2025.
Egypt and India were the main growth drivers. International operations generated AED 2.6 billion in revenue and accounted for 5.2 per cent of the group’s total revenue, while contracted future revenue in this segment reached AED 20.6 billion.
Emaar has an international land bank of around 274 million square feet, most of which is located in Egypt and India. The company plans to continue developing residential, retail and hospitality projects in those markets.
Assets rise to AED 186.7 billion
Emaar’s total assets stood at AED 186.7 billion at the end of last year, 17 per cent higher than at the end of 2024.
Equity, including non-controlling interests, increased by 12 per cent to AED 107.7 billion. Cash and cash equivalents rose by 36 per cent to AED 52.6 billion, while short-term deposits increased by 65 per cent to AED 18.8 billion.
The company’s debt amounted to AED 9.8 billion, only one per cent higher than a year earlier. At the same time, its net cash position increased by 53 per cent to AED 61.7 billion.
Cash flow from operating activities reached AED 33.5 billion, compared with AED 24.5 billion a year earlier, further strengthening the company’s capacity for new investments and shareholder returns.
Dubai Mall welcomed 110 million visitors
The shopping centre and hospitality businesses continued to provide Emaar with stable revenue that does not depend solely on property sales.
Emaar Malls generated approximately AED 5.8 billion in revenue, with average occupancy above 98 per cent. The company’s shopping centres welcomed a total of 204 million visitors, including around 110 million at Dubai Mall alone.
The hospitality, leisure and entertainment segment generated AED 4.8 billion in revenue. During the year, Emaar expanded its portfolio with three new hotels offering more than 750 rooms.
The company now operates 41 hotels with more than 10,000 rooms.
Emaar also began a AED 1.5 billion expansion of Dubai Mall and plans further development of Dubai Square within Dubai Creek Harbour.
The 2025 results show that Emaar enters the next period with record revenue, profit and property sales, a strong cash position and contracted business worth approximately three times its annual revenue.
This position provides the company with a strong foundation for continued investment in the United Arab Emirates and further expansion in selected international markets.
