Emaar Development records 28% growth in Property Sales reaching to US$ 4.5 billion; Backlog crosses US$ 27 billion

• Emaar Development’s Revenue increased by 43% to AED 5 billion (US$ 1.4 billion)
• EBITDA increased by 48% to AED 2.5 billion (US$ 683 million), EBITDA margin of 50%.
• Net Profit before tax increased by 49% to AED 2.8 billion (US$ 753 million); a net margin of 55%.

Emaar Development PJSC (DFM: EMAARDEV), the UAE’s premier property development company specialising in the build-to-sell property development business, and a majority-owned subsidiary of Emaar Properties PJSC (DFM: EMAAR), achieved robust results in Q1 2025 (January to March), reflecting its commitment to operational excellence, innovation, and customer satisfaction.

• Sales Growth: Emaar Development achieved property sales of AED 16.5 billion (US$ 4.5 billion); an increase of 28% over Q1 2024 sales of AED 12.9 billion (US$ 3.5 billion). The success of 12 projects launched 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 AED 100.1 billion (US$ 27.3 billion) as of 31 March 2025; an increase of 52% from Q1 2024, indicating a significant increase in revenue in the forthcoming years.
• Revenue Growth: Emaar Development recorded Revenue of AED 5 billion (US$ 1.4 billion) in Q1 2025, a 43% increase compared to Q1 2024.
• Profitability: The company recorded Net Profit (before tax) of AED 2.8 billion (US$ 753 million); an increase of 49% as compared to Q1 2024.
• Customer Satisfaction: Emaar focuses 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.”

“Backlog crosses” typically refers to the total value of confirmed but not yet completed work, such as buildings under construction, surpassing a certain threshold.