Emaar Development, the UAE’s premier property development company and a majority-owned subsidiary of Emaar Properties, achieved robust results in Q1 2025, recording a 28% growth in property sales to AED16.5 billion ($4.5 billion), compared to AED12.9 billion in Q1 2024.
The developer's backlog crossed AED100 billion ($27 billion) during the period.
Emaar Development’s revenue increased by 43% to AED5 billion ($1.4 billion), while EBITDA increased by 48% to AED2.5 billion ($683 million) with EBITDA margin of 50%. Net profit before tax increased 49% to AED2.8 billion ($753 million), a net margin of 55%.
Other Q1 result highlights:
* The success of 12 projects launches across all the masterplans during Q1 2025 further underscores Emaar’s market leadership and positions the company for sustained future growth.
• Backlog Growth: Enhanced by record sales during Q1 2025, revenue backlog reached to AED100.1 billion ($27.3 billion) as of March 31, 2025 - an increase of 52% from Q1 2024 indicating a significant increase in revenue in the forthcoming years.
• Customer Satisfaction: Emaar remains focused on delivering high-quality services, ensuring strong customer satisfaction and fostering lasting relationships.
• Sustainability: The company continues to implement sustainable practices in resource use, waste management, and environmental stewardship.
Mohamed Alabbar, founder of Emaar, stated: "The results we’ve achieved in Q1 2025 underscore our bold approach to redefining the future of real estate. This is not just about financial growth—it’s about reshaping the way people experience living, working, and thriving in our communities. Our focus on long-term sustainability, cutting-edge design, and seamless customer experiences has allowed us to stay ahead of the curve, even in a rapidly changing market."
He added: "Looking ahead, we are more committed than ever to fostering innovation in every aspect of our business. Our success in this first quarter is just the beginning, and we are ready to set new benchmarks in quality, connectivity, and community development, ensuring that Emaar continues to play a transformative role in Dubai’s vision for the future." – TradeArabia News Service
