Emaar Development Profit Jumps 52% in Strong First Quarter
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Emaar Development Profit Jumps 52% in Strong First Quarter
DUBAI — Emaar Development posted a sharp rise in first-quarter profit as strong demand across Dubai’s property market continued to fuel sales growth for one of the UAE’s biggest real estate developers. The company reported quarterly profit of 2.9 billion dirhams ($790 million), up 52% from a year earlier and broadly in line with analyst expectations. Revenue also climbed strongly, rising 36% to 6.9 billion dirhams, according to a company state…
Dubai, May 11, 2026 – Emaar Properties, listed on the Dubai Financial Market, announced today a strong start to 2026, driven by continued demand across its core business segments. The company’s revenue for the first quarter increased by 23%, while EBITDA grew at an even faster pace of 34%. This performance was underpinned by the robust performance of the UAE real estate development sector, stable occupancy rates in shopping malls and commercial …
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