Dubai-based Emaar Development PJSC has announced a significant milestone, with its revenue backlog from property sales crossing the AED 100 billion ($27 billion) mark. This surge is fueled by a robust 28% year-on-year increase in property sales during the first quarter of 2025, which reached AED 16.5 billion ($4.5 billion). The company’s strong Q1 performance underscores the continued buoyancy of Dubai’s real estate market and Emaar Development’s ability to capitalize on it.
The first quarter of 2025 saw Emaar Development achieve record property sales of AED 16.5 billion ($4.5 billion), a substantial 28% jump compared to the AED 12.9 billion recorded in the same period of 2024. This impressive sales figure was bolstered by the successful launch of 12 new projects across Emaar’s various master developments.
As a direct consequence of these strong sales, the company’s revenue backlog has now reached an impressive AED 100.1 billion ($27.3 billion) as of March 31, 2025. This represents a significant 52% increase compared to the backlog in Q1 2024, providing a strong indication of future revenue recognition for the developer.
Emaar Development also reported strong financial results for the first quarter of 2025:
- Revenue: Increased by 43% to AED 5 billion ($1.4 billion) compared to Q1 2024.
- EBITDA: Saw a substantial rise of 48% to AED 2.5 billion ($683 million), with an impressive EBITDA margin of 50%.
- Net Profit Before Tax: Increased by 49% to AED 2.8 billion ($753 million), achieving a net profit margin of 55%.
These figures highlight the company’s operational efficiency and the strong demand for its properties in the Dubai market.
Mohamed Alabbar, founder of Emaar, emphasized the company’s commitment to redefining the real estate landscape, focusing on creating integrated communities. He stated that the Q1 2025 results are just the beginning, and Emaar is ready to set new benchmarks in quality and community development, aligning with Dubai’s vision for the future.
With a substantial sales backlog exceeding AED 100 billion and over 43,500 residential units currently under development for future delivery, Emaar Development appears well-positioned for continued growth and strong cash flow generation in the coming years.
Key Highlights:
- Emaar Development’s revenue backlog crossed AED 100 billion ($27 billion) due to strong Q1 2025 sales.
- Property sales in Q1 2025 jumped by 28% year-on-year to AED 16.5 billion ($4.5 billion).
- The company reported a 43% increase in revenue and a 49% increase in net profit before tax for Q1 2025.
- The significant backlog and ongoing developments indicate strong future revenue potential for Emaar Development.