Dubai – Mubasher: Emaar Development logged property sales of AED 16.50 billion ($4.50 billion) over 12 projects in the first quarter (Q1) of 2025, an annual increase of 28% from AED 12.90 billion ($3.50 billion).
The group’s positive performance was backed by a revenue backlog of AED 100.10 billion ($27.30 billion) as of 31 March 2025, marking a 52% year-on-year (YoY) leap, according to the financial results.
The revenues jumped by 43% YoY to AED 5 billion ($1.40 billion) in Q1-25, while the net profits before tax climbed by 49% YoY to AED 2.80 billion ($753 million).
Mohamed Alabbar, Founder of Emaar, stated: "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."
"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,” Alabbar mentioned.
In 2024, Emaar Development posted its highest-ever net profit before tax at AED 10.20 billion ($2.80 billion).
