Emaar Development has reported a robust performance for the first quarter of 2025, with significant growth across key financial metrics:
- Property Sales: AED 16.5 billion (US$4.5 billion), marking a 28% increase compared to Q1 2024.
- Revenue Backlog: AED 100.1 billion (US$27.3 billion) as of March 31, 2025, up 52% year-on-year, indicating strong future revenue streams.
- Revenue: AED 5 billion (US$1.4 billion), a 43% rise from the previous year.
- Net Profit (Before Tax): AED 2.8 billion (US$753 million), reflecting a 49% increase.
During this period, Emaar Development launched 12 new projects across its master-planned communities, including Emirates Living, Downtown Dubai, Dubai Marina, Arabian Ranches, Dubai Creek Harbour, Dubai Hills Estate, Emaar South, Rashid Yachts & Marina, The Valley, and The Oasis. Since its inception in 2002, the company has delivered 76,000 residential units and currently has over 43,500 units under development.
Mohamed Alabbar, founder of Emaar, emphasized the company’s commitment to innovation and quality, stating that the Q1 results are just the beginning of a transformative journey in redefining real estate experiences in Dubai.
