Dubai-based master developer Emaar Properties has posted a strong set of financial and operational results for the full year 2025, supported by continued demand across its core business areas.
The company said performance was driven by its diversified portfolio and ongoing focus on quality, customer experience and sustainability. Growth was recorded across property development, retail, hospitality and international operations.
Emaar achieved its highest-ever property sales during the year, reaching AED 80.4 billion ($21.9 billion) in 2025. This represents a 16% increase compared with 2024 sales of AED 69.5 billion ($19 billion), supported by demand within established master-planned communities and the success of new project launches.
On the back of strong sales activity, Emaar’s revenue backlog rose to AED 155 billion ($42.1 billion) as of 31 December 2025. This marks a 39% year-on-year increase and provides visibility on future revenues at what the company described as healthy margins.
The developer continues to benefit from a large and diversified master-planned land bank, covering around 618 million sq. ft. of mixed-use development potential. Of this, approximately 344 million sq. ft. is located in the UAE. The land reserve is positioned to support the Group’s expansion plans and long-term value creation for shareholders.
For the year, Emaar reported its highest-ever annual revenue of AED 49.6 billion ($13.5 billion), representing a 40% increase compared with 2024. The growth was mainly driven by the performance of its domestic operations.
The company also recorded its highest annual EBITDA and net profit before tax. EBITDA reached AED 25.6 billion ($7 billion), up 33% year-on-year, supported by operational efficiencies and healthy margins across all business lines. Net profit before tax rose to AED 25.7 billion ($7 billion), marking a 36% increase compared with the previous year.
Building on the dividend policy announced in December 2024, and supported by the company’s latest results, the board of directors has recommended maintaining dividends at 100% of share capital for 2025, subject to shareholder approval.
Emaar said it continued to prioritise customer satisfaction through design standards, new concepts, timely project delivery and community-focused developments. The company highlighted the 2026 New Year celebrations in Downtown Dubai, which were described as setting a new global benchmark. The week-long programme attracted around 2.8 million visitors and turned the area into a large-scale public spectacle, adding to Dubai’s reputation as a destination for major cultural and entertainment events and increasing engagement across Emaar’s developments.
Commenting on the results, Emaar founder Mohamed Alabbar said: “Our 2025 results were shaped by a business environment that enables ambition and rewards long-term thinking. The UAE Government and the city of Dubai have created a framework built on stability, clear regulation, and openness to global investment, allowing companies like Emaar to plan with confidence, scale responsibly, and focus on execution. This foundation has been critical to our ability to grow, innovate, and deliver enduring value for our customers and partners.”
