Emaar Q1 2026 results show robust revenue and profit growth as property sales strengthen
Emaar Q1 2026 results reveal a strong start to the year with AED 12.4 billion in revenues and rising demand across core business lines.
Emaar Q1 2026 headline numbers
Emaar reported total revenues of AED 12.4 billion for the quarter ended 31 March 2026, a 23% increase year-on-year driven by both domestic and international operations.
Net profit rose to AED 6.412 billion, up 38.3% from the same period last year, while EBITDA expanded 34% to AED 7.2 billion, underlining margin resilience across the group.
Property sales and project backlog
Property sales in the quarter reached AED 22.4 billion, a 16% increase compared with Q1 2025, reflecting sustained buyer appetite in the UAE market.
The company’s revenue backlog from projects under development stood at AED 163.4 billion as of 31 March 2026, up 29% annually, providing a visible pipeline for future revenue recognition and cash flow.
Retail and commercial portfolio performance
Emaar’s retail and commercial assets delivered steady growth, with portfolio revenues of AED 1.8 billion in the quarter, a 15% year-on-year increase.
EBITDA for the retail and leasing portfolio rose 16% to AED 1.5 billion, supported by higher renewals and a reported average occupancy rate of 98% across the portfolio through 31 March 2026.
Hospitality and leisure results
The hospitality and leisure portfolio produced AED 1.0 billion in revenue during Q1 2026, broadly in line with the same quarter a year earlier as demand remained consistent.
Average occupancy across Emaar-operated hotels in the UAE recorded 69% for the quarter, reflecting steady leisure and business travel demand in key markets.
Emaar Development posts strong gains
Emaar Development, in which Emaar Properties holds a majority stake, reported robust operational and financial results in Q1 2026.
The developer recorded property sales of AED 20.1 billion, a 22% increase year-on-year, while revenues climbed 36% to AED 6.9 billion and net profit after tax reached AED 3.5 billion, representing a reported net margin of approximately 51%.
Shareholder returns and capital discipline
For the second consecutive year, the group approved a dividend distribution equal to 100% of share capital, amounting to AED 8.9 billion, underscoring management’s commitment to shareholder returns.
Emaar highlighted continued operational discipline and a focus on delivering high-quality projects as central to sustaining cash generation and supporting future distributions.
Management commentary and market context
Founder Mohamed Alabbar said the Q1 performance reflects the resilience of the UAE economy and the stability of the business environment despite wider regional volatility.
Management reaffirmed priorities on timely project delivery, asset quality, and a diversified business model as the means to generate long-term value for stakeholders.
Emaar Q1 2026 results point to a balanced recovery across development, retail and hospitality segments, anchored by strong sales and a sizeable backlog.
The combination of rising revenues, healthy margins and an elevated pipeline leaves the group well positioned to capitalise on continued demand in the UAE and selected international markets.