Emaar's H1 2025 property sales increase by 46% to reach $12.5bn
Emaar Properties reported sustained growth across all core business segments in the second quarter with continued strength in property sales, a growing revenue backlog, and improved profitability.
For the first half of 2025, Emaar reported property sales of approximately AED 46 billion (US$12.5 billion), a 46 per cent increase compared to H1 2024 and surpassing all previous sales records. Revenue increased to AED 19.8 billion (US$5.4 billion), marking a growth of 38 per cent YoY, driven by robust performance across development, retail, hospitality, and international operations.
Emaar reports strong H1 2025 results
EBITDA was at AED 10.4 billion (US$2.8 billion), up 30 per cent, with a healthy margin of over 52 per cent. Net profit before tax increased to AED 10.4 billion (US$2.8 billion), recording a growth of 34 per cent.
Revenue backlog from property sales grew to AED 146.3 billion (US$39.8 billion) as of 30 June 2025, representing a 62 per cent increase YoY, further reinforcing the company's future revenue visibility. Revenue backlog in Q1 this year was approximately AED 127 billion (US$34.6 billion).
Mohamed Alabbar, founder of Emaar, commented: 'Numbers alone don't tell the full story. Behind every sale, every project, every community, there's intent. There's a team asking: how can we do better? How can we make someone's everyday more meaningful?
'The first half of 2025 reflects that mindset. The focus goes beyond meeting targets to creating lasting impact and fostering stronger connections that inspire continuous growth.'
During the quarter, S&P Global upgraded Emaar's credit rating by to BBB+ and Moody's raised Emaar's credit rating to Baa1, both with stable outlooks. These upgrades reinforce the strength of the company's strategy, operational excellence, and sustained performance as it maintains a strong focus on managing costs efficiently while maximising value and performance across all business lines.
With 25 new project launches across prime master communities, Emaar Development, the company's UAE businesses, witnessed exceptional growth in H1 2025 as property sales reached AED 40.6 billion (US$11.1 billion), reflecting a 37 per cent surge over the same period last year.
Emaar Development reported revenue of approximately AED 10 billion ($2.7 billion), achieving a growth of 35 per cent YoY, and a net profit before tax of AED 5.5 billion (US$1.5 billion), which was up 50 per cent compared to H1 2024.
Consolidated revenue of Emaar Properties from its property development business in the UAE during H1 2025 increased to AED 13.5 billion (US$3.7 billion), up 50 per cent YoY. Revenue backlog from UAE developments reached AED 128.6 billion (US$35 billion) as of 30 June 2025, also up 50 per cent YoY.
Shopping malls, retail, and commercial leasing
The company's shopping malls and leasing portfolio also delivered a strong performance, driven by continued growth in tenant sales and healthy occupancy across key assets. As of 30 June 2025, Emaar's mall assets maintained an average occupancy of 98 per cent.
Revenue was at AED 3.2 billion (US$871 million) in the first half of 2025, up 14 per cent YoY. EBITDA was AED 2.8 billion (US$762 million), an increase of 18 per cent.
Strong demand for real estate assets in India and Egypt led to Emaar's international operations clock property sales of AED 5.3 billion (US$1.4 billion), an increase of 200 per cent over H1 2024. Revenue reached to AED 1 billion (US$272 million), up 26 per cent, contributing approximately 5 per cent of total revenue of Emaar in H1 2025.
Hospitality, leisure, and entertainment businesses also recorded strong performances. Emaar's UAE hotels achieved an average occupancy rate of 80 per cent in H1 2025, compared to 78 per cent in the corresponding period last year. Revenues from the business was AED 2.1 billion (US$572 million).
The company added two hotels with over 600 keys in the first half of 2025.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
3 minutes ago
- Khaleej Times
Kiara Jewellery founder and creative director proves that education can break every barrier
Ada Panday entered healthcare through the traditional path, completing an MBBS at Sharda School of Medical Sciences and Research in 2018. She earned an Advanced Cardiovascular Life Support certificate from the American Heart Association and finished Harvard Medical School's online Fundamentals of Pharmacology course. In 2020, she enrolled in the MSc. Experimental and Translational Therapeutics program at the University of Oxford—all these reinforce her role as an inspirational enabler for women, inspiring them to reach for the stars by means of education. She then later expanded into business leadership as part of Adavi Shipping LLC in Dubai. She advises companies on ship green-recycling under the Hong Kong Convention framework. Her scope includes SRPs, IHMs, FMPs, and compliance reviews across Europe, Asia, and North America. All these signify the presence of women in heavy industries, proclaiming the fact that they can thrive and entirely succeed in a male-dominated world. She also leads Kiara Jewellery as Founder and Creative Director, where she gets to balance the toughness and rigidities of shipping with the beauty and splendidness of accessorizing. Interestingly enough, her training in Botox administration through Allergan India beautifully coincides with her expertise in aesthetics, as both celebrate women in all of their physicality and artistic expression. Ada Panday's enduring journey showcases how a woman can surpass thresholds oftentimes perceived as unreachable, sending a clear message that female prowess is ever-present—thanks to her pushing this reality forward. From healthcare and maritime consultancy to luxury jewellery, she continues uplifting standards that others once tried to restrict. The name Ada Panday is one that stands side to side with all women worldwide in reclaiming the space they rightfully deserve.
The National
2 hours ago
- The National
UAE telecoms authority begins public consultation for satellite reseller regulations
In what could be a watershed moment for satellite service re-sellers in the UAE, the country's telecoms regulator has announced that it was taking public input as it creates a licence framework. On its website, the UAE Telecommunications and Digital Government Regulatory Authority emphasised it wanted feedback for regulations to "regularise the current resale of satellite services". Once the TDRA finalises specifics for what it describes as a "category B" licence, the door would be opened for many businesses and entities to sell connectivity devices and services – paving the way for resellers of low-earth-orbit satellite internet communications devices such as Starlink. Under current regulations, only certain UAE entities with the current telecoms licence are permitted to provide these services. During the public consultation, the TDRA is seeking to "take relevant input provided by the stakeholders into consideration when drafting its regulation", according to the consultation form on the authority's website. According to SpaceX, operator of Starlink, the service is "pending regulatory approval" in the UAE. A document posted this year to the TDRA's website showed that Starlink was granted a regulatory licence in 2024 that will last about 10 years for 'maritime satellite internet services'. In the Middle East, Starlink is available in Qatar, Yemen, Oman, Bahrain, Jordan and Israel. Jimmy Grewal, executive director Dubai-based marine electronics company Elcome International, said he was excited about the the opportunities presented during the public comment period. "The TDRA's open consultation is a welcome step that brings clarity to a fast-moving market and will accelerate the safe rollout of next-generation satellite connectivity across the UAE," he said. Mr Grewal said a detailed framework for resellers like Elcome will strengthen options, resilience and productivity for government, maritime, aviation and offshore energy sector workers seeking internet and communications connectivity. He said he was also prepared for the possibility of the regulations opening the door for Starlink access in the UAE. "As one of the first and largest Starlink resellers in the world, Elcome is keen to bring the benefits of Starlink to our home market once the new regulatory framework is in place," Mr Grewal said. According to the TDRA's feedback form posted on its website, relevant entities are being asked about ideal licence durations, satellite reseller fees and overall reactions to draft legislation. The regulatory body is accepting public consultation until September 25.
Arabian Business
3 hours ago
- Arabian Business
Salik declares 100% payout as H1 earnings hit $210m following new gates and variable pricing
Dubai toll gate operator Salik has reported a sharp increase in first-half earnings for 2025, driven by new toll gates, the introduction of variable pricing, and resilient traffic volumes. Total revenue for the first six months of 2025 rose 39.5 per cent year-on-year to AED1.53bn ($415.8m), with Q2 revenue up 45.6 per cent to AED775.7m ($210.9m). EBITDA climbed 44.2 per cent in H1 to AED1.07bn ($290m), maintaining a healthy margin of 69.7 per cent. Salik results Net profit for H1 jumped 41.5 per cent to AED770.9m ($210.1m), prompting the board to recommend a cash dividend equal to 100 per cent of first-half profit — 10.278 fils per share. Salik's core tolling business handled 424.2m total trips in H1 2025, up 39.6 per cent from a year earlier, with 213.4m trips recorded in Q2 alone. Total chargeable trips rose to 160.4m in Q2, up 1.6 per cent from Q1, bolstered by a 46.7 per cent surge in peak-period trips following the November 2024 addition of two new gates. Toll usage fees for H1 rose 42.3 per cent to AED1.36bn ($370.2m), with Q2 toll fees up 49.4 per cent year-on-year to AED691.3m ($187.9m) — the first full quarter under the new variable pricing model introduced at the end of January 2025. Revenue from fines increased 15.7 per cent in H1 to AED134.3m ($36.6m), while tag activation fees rose 16.2 per cent to AED22.9m ($6.2m). Non-toll income reached AED8.7m ($2.37m) in H1, supported by partnerships with Emaar Malls and Parkonic for parking payment solutions, now active in 73 locations. Salik also continues to expand its cooperation with Liva Group to streamline vehicle insurance renewals. Mattar Al Tayer, Chairman of the Board of Directors of Salik, said:'Salik's strong performance in the first half of 2025 underscores the strength of its resilient business model and high operational efficiency. 'During this period, the Company achieved a 39.5 per cent year-on-year increase in total revenue, further solidifying its robust financial position. 'This performance reaffirms our continued commitment to delivering long-term value for shareholders while supporting Dubai's vision of becoming a global leader in smart and sustainable mobility. 'In view of the strong first half results and our dedication to our shareholders, the Board of Directors have recommended a cash dividend of AED 770.9 million, equivalent to 10.278 fils per share, representing 100 per cent of H1 2025 profit. 'We continue to benefit from the Emirate's economic momentum, bolstered by sustained growth in tourism, real estate, and infrastructure spending. Building on this, and with continued progress across both our core tolling operations and ongoing success in expanding our ancillary revenue streams, we are pleased to be upgrading our full year 2025 guidance, with revenue expected to increase 34-36 percent compared to 2024, up from 28-29 per cent previously, and with EBITDA margins expectations in the range of 68.5-69.5 per cent. 'Our new guidance underscores our confidence in Salik's outlook and future growth potential, particularly given our commitment to strengthening our non-core offering and exploring new opportunities within ancillary revenues.' Ibrahim Sultan Al Haddad, CEO of Salik, said: 'We are pleased to report another solid quarter of performance, with a strong c.40% YoY growth across all key financial metrics including revenue, EBITDA and net profit growth. 'Our results reflect the ongoing strength of our tolling business and the growing contribution of our non-tolling initiatives, including our digital partnerships in providing mobility payment solutions which continue to gain traction among users.'
