Emaar in nine months of 2026: profit before tax up 18% to AED 19.8bn, backlog AED 158.8bn, hotel occupancy 63%
Editorial
Emaar earned AED 19.8 billion of profit before tax in the first nine months of 2026, up 18%, on revenue of AED 37.5 billion, with AED 158.8 billion of revenue still to be recognised.
AED 19.8bnNet profit before tax, nine months 2026 (US$5.4bn)+18%
AED 37.5bnRevenue+13%
AED 34.7bnProperty sales (US$9.4bn)
AED 158.8bnRevenue backlog at 30 September (US$43.2bn)+6%
63%Hotel occupancy, nine months (80% a year earlier)-17 points
Source: Emaar press release, 5 November 2026.
What is behind the numbers
| Measure | Nine months 2026 | Change |
|---|---|---|
| Net profit before tax | AED 19.8bn | +18% |
| EBITDA | AED 19.7bn | +19% |
| Revenue | AED 37.5bn | +13% |
| Group revenue backlog | AED 158.8bn | +6% |
| UAE development backlog | AED 127.2bn | |
| Emaar Development revenue | AED 22.2bn | +26% |
| Emaar Development net profit | AED 10.8bn | +24% |
Source: Emaar press releases. Emaar Development is the UAE development subsidiary.
The UAE carries most of the sales, at AED 26.2 billion of the AED 34.7 billion, and its development subsidiary grew faster than the group. The weak spot is hospitality: occupancy fell to 63% from 80% a year earlier.