Emaar Development reported strong financial and operational results for the first quarter of 2026, driven by sustained demand across Dubai’s real estate market, continued investor confidence, and a steady pipeline of new project launches.

The company recorded property sales of $5.5 billion during the January-to-March period, a 22% increase from $4.49 billion in the same period last year. Revenue rose 36% year-on-year to $1.9 billion, while net profit after tax increased 49% to $953 million, representing a net profit margin of 51%.

Emaar Development’s revenue backlog reached $36.6 billion as of March 31, 2026, up 35% from a year earlier, providing visibility on future revenues.

The company attributed its performance to continued demand across both established and newly launched communities, supported by Dubai’s stable regulatory environment and sustained investor appetite for the property sector.

During the quarter, Emaar launched 10 new residential projects across its master-planned communities as it continued expanding its development pipeline to meet evolving market demand.

The company also highlighted steady progress across ongoing construction projects, noting that development activity remains on schedule amid a continued focus on operational efficiency and timely delivery.

Among the new concepts introduced during the period was The Heights Country Club & Wellness, a master-planned community centered on wellness, green living, and integrated lifestyle experiences.

Mohamed Alabbar, Founder of Emaar, said the company’s performance reflects the resilience of the UAE economy and the continued confidence of customers and investors despite broader regional volatility.