ع
Emaar Properties PJSC said in a press release that its revenue for the six months ended June 30 rose 21 percent from the same period a year earlier to Dh23.9 billion, equivalent to about $6.5 billion. The developer posted net profit attributable to owners of Dh8.7 billion in the period, up 22 percent year on year, as its development and recurring-income businesses benefited from sustained demand across its portfolio. For the second quarter alone, revenue climbed 18 percent to Dh11.5 billion while net profit to owners advanced 9 percent to Dh3.7 billion, the company said in the filing with the Dubai Financial Market.
The company’s revenue backlog stood at Dh164.9 billion as of June 30, according to figures on Emaar’s investor relations factsheet, reflecting a modest increase from Dh163.4 billion at the end of March. Emaar Properties noted that property sales for the first half reached $7.2 billion, building on the 16 percent year-on-year growth in sales to Dh22.4 billion that the group recorded in the first quarter. The performance came as Dubai’s real estate sector maintained momentum amid broader economic expansion in the UAE, the announcement indicated.
Emaar’s results release highlighted contributions from its core real estate development activities in Dubai as well as international projects and the hospitality and retail segments that provide recurring revenue streams. The group has continued to launch new phases across master communities such as Dubai Hills Estate while expanding its footprint in sectors including commercial and leisure developments. These operations have helped the company capture demand from both local and international buyers seeking assets in the emirate.
According to Emaar’s earlier first-quarter earnings presentation, the developer had already achieved strong sales momentum at the start of the year despite regional market volatility. The half-year figures extend that trajectory, with the revenue increase driven by progress on existing projects and recognition of income from completed handovers. Dubai Land Department statistics have separately shown elevated transaction levels in the emirate through the first half, supporting the environment in which Emaar operates.
The company has maintained a focus on delivering its extensive pipeline while managing costs and expanding its asset base through strategic acquisitions and partnerships. Emaar’s integrated business model, spanning development, retail, hospitality and leisure, has allowed it to mitigate cyclical pressures in any single segment. As of the end of June the group continued to report healthy margins across its operations, the financial statements showed.
Further details in the announcement placed the half-year net profit before certain adjustments in line with the reported growth, underscoring execution on sales launched in prior periods. Emaar Properties has previously indicated that its revenue backlog provides visibility into future earnings, a position reinforced by the latest update. The developer is expected to provide additional commentary on its outlook during analyst calls following the release.
