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09/05/2025 02:03 AST
Emaar Development, the UAE's premier property developer, and a majority-owned subsidiary of Emaar Properties, on Thursday reported first quarter net profit before tax of Dh2.8 billion; an increase of 49 per cent as compared to Q1 2024.
Emaar Development achieved property sales of Dh16.5 billion ($4.5 billion); an increase of 28 per cent over Q1 2024 sales of Dh12.9 billion ($3.5 billion). The success of 12 projects launches across all the masterplans during Q1 2025 further underscores Emaar's market leadership and positions the company for sustained future growth.
Enhanced by record sales during Q1 2025, revenue backlog reached to Dh100.1 billion ($27.3 billion) as of 31 March 2025; an increase of 52 per cent from Q1 2024 indicating a significant increase in revenue in the forthcoming years.
The company recorded revenue of Dh5 billion ($1.4 billion) in Q1 2025, a 43 per cent increase compared to Q1 2024.
Emaar remains focused on delivering high-quality services, ensuring strong customer satisfaction and fostering lasting relationships. The company continues to implement sustainable practices in resource use, waste management, and environmental stewardship.
Mohamed Alabbar, founder of Emaar, stated: "The results we've achieved in Q1 2025 underscore our bold approach to redefining the future of real estate. This is not just about financial growth-it's about reshaping the way people experience living, working, and thriving in our communities. 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."
He added: "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."
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