Dubai – Mubasher: Emaar Properties achieved a net profit before tax worth AED 10.40 billion ($2.80 billion) in the first half (H1) of 2025, recording a growth of 34% compared to H1-24, according to a press release.

In terms of sales growth, the UAE real estate developer generated property sales of AED 46 billion ($12.50 billion) in H1-25, representing an increase of 46% compared to H1-24 and surpassing previous sales records.

For the revenue growth, Emaar witnessed a 38% annual increase to AED 19.80 billion ($5.40 billion), driven by robust performance across development, retail, hospitality, and international operations.

Furthermore, the company reported an EBITDA of AED 10.40 billion ($2.8 billion), up 30% year-on-year (YoY), with a healthy margin exceeding 52%.

Building on the solid foundation set in the first quarter (Q1) of 2025 when the real estate developer logged property sales of AED 19.30 billion, Emaar reported sustained growth across all core business segments in Q2-25. The continued strength in property sales, a growing revenue backlog, and improved profitability reflect the company’s focused strategy, strong brand equity, and the enduring demand for its master-planned communities and lifestyle offerings.

Mohamed Alabbar, Founder of Emaar, said: "Numbers alone don’t tell the full story. Behind every sale, every project, every community, there’s intent. There’s a team asking: how can we do better? How can we make someone’s everyday more meaningful? first half of 2025 reflects that mindset.”

Alabbar added: “The focus goes beyond meeting targets to creating lasting impact and fostering stronger connections that inspire continuous growth."

Meanwhile, revenue backlog from UAE developments reached AED 128.60 billion ($35 billion) as of 30 June 2025, marking a 50% increase over H1-24 and underscoring sustained market interest in premium lifestyle offerings across Dubai.

Shopping Malls, Retail, and Commercial Leasing

Emaar’s shopping malls and leasing portfolio delivered a strong performance with revenue of AED 3.20 billion ($871 million) in H1-25, marking a 14% YoY growth, and an 18% higher EBITDA at AED 2.80 billion ($762 million).

 This growth was driven by continued growth in tenant sales and sustained healthy occupancy across key assets resulting in increased rental income. As of 30 June 2025, Emaar’s mall assets maintained an average occupancy of 98%.

International Development

The international operations of Emaar recorded property sales of AED 5.30 billion ($1.40 billion) in H1-25, marking a leap of 200% over H1-24, driven by continued demand across key markets.

Revenue reached AED 1 billion ($272 million), signalling a growth of 26% compared to the same period last year.

The performance of international operations was primarily driven by strong demand for real estate assets in India and Egypt. Revenue from International real estate operations contributed approx. 5% of total revenue of Emaar in H1-25.

Hospitality, Leisure, and Entertainment

The company’s hospitality, leisure, and entertainment businesses recorded revenues of AED 2.10 billion ($572 million), supported by strong tourist activity and growing domestic demand.

Emaar’s UAE hotels achieved an average occupancy rate of 80% in H1-25, compared to 78% in the same half a year earlier. The company added 2 hotels featuring over 600 keys in H1-25, expanding its portfolio and strengthening its presence in the sector.

Recurring Revenue

The recurring revenue-generating portfolio encompassing malls, hospitality, leisure, entertainment, and commercial leasing achieved strong results in H1-25, with a revenue increasing 15% to AED 5.30 billion ($1.40 billion) as well as an EBITDA of AED 4.10 billion ($1.10 billion) achieving a growth of 16% compared to the same period last year.

This portfolio continues to provide stable income streams and robust cash flows for Emaar. EBITDA from this portfolio constituted 40% of Emaar’s total EBITDA in H1-25.