Dubai master developer Emaar Properties has delivered solid results for the first half of the year with a revenue of AED19.8 billion ($5.4 billion), up 38% over last year, mainly driven by robust performance across development, retail, hospitality, and international operations.

 

Announcing the results for the six-month period ended June 30, 2025, Emaar said its net profit before tax increased to AED10.4 billion ($2.8 billion), recording a growth of 34% compared to same period last year. Its ebitda hit AED10.4 billion ($2.8 billion), up 30% year-on-year, with a healthy margin of over 52%. 

 

The Dubai group reported property sales of AED 46 billion ($12.5 billion) in H1 2025, representing an increase of 46% compared to H1 2024 and surpassing previous sales records. This performance reflects continued investor confidence and demand across our projects.

 

Its revenue backlog from property sales grew to AED146.3 billion ($39.8 billion) as of 30 June 2025, representing a 62% increase year-on-year, further reinforcing the company’s future revenue visibility.

 

On its credit rating, Emaar said following the upgrade in its credit rating by S&P Global to BBB+, in Q2 2025 Moody’s has also raised Emaar’s credit rating to Baa1, both with stable outlooks. These upgrades reinforce the strength of our strategy, operational excellence, and sustained performance.

 

Emaar continues to lead in customer experience by maintaining excellence in product quality, design, and community living. It maintains a strong focus on managing costs efficiently while maximising value and performance across all business lines.

 

Also the company is advancing its ESG agenda, focusing on energy efficiency, responsible sourcing and circularity, building on its upgraded ESG rating from MSCI.

 

On its Q2 results, Emaar Properties said it had once again delivered a robust quarterly performance. Building on the solid foundation set in Q1 2025, the company reported sustained growth across all core business segments in the second quarter. 

 

The continued strength in property sales, a growing revenue backlog, and improved profitability reflect Emaar’s focused strategy, strong brand equity, and the enduring demand for its master-planned communities and lifestyle offerings.

 

On its solid performance, 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. The focus goes beyond meeting targets to creating lasting impact and fostering stronger connections that inspire continuous growth."