Dubai – Mubasher: Emaar Development announced a strong financial and operational performance for the first quarter (Q1) of 2026, supported by property sales of AED 20.10 billion ($5.50 billion).
The net sales jumped by 22% from AED 16.50 billion ($4.50 billion) in Q1-25, according to the financial results.
The revenue backlog jumped by 35% year-on-year (YoY) to AED 134.60 billion ($36.60 billion) as of 31 March 2026.
Emaar Development generated revenues amounting to AED 6.90 billion ($1.90 billion) in Q1-26, while the net profits after tax reached AED 3.50 billion ($953 million).
Mohamed Alabbar, Founder of Emaar, said: "The sustained confidence of our customers and investors enables us to maintain momentum, and we remain focused on delivering high-quality developments, operational discipline, and long-term value through a diversified and resilient business model."
In January-December 2025, Emaar Development achieved net profits before tax valued at AED 15.50 billion ($4.20 billion).
