Emaar’s income mix: 73% development, 21% recurring, 5% international

By Aisha Al Mansoori · 23 October 2026

Editorial

Most of Emaar's revenue still comes from selling property. About a fifth now comes from assets it keeps and operates.

Emaar revenue by source, 2025 (AED billion)
  • UAE development: AED 36.4bn (73%)
  • Recurring: malls, hotels, leasing: AED 10.5bn (21%)
  • International development: AED 2.6bn (5%)

Source: Gulf News on Emaar's 2025 results. Shares are our calculation.

The recurring part

AED 10.5bnRecurring revenue+13%
AED 6.3bnMalls and retail leasing ($1.7bn)+13%
98%Mall occupancy
AED 4.2bnHospitality, leisure and entertainment ($1.1bn)+12%
3New hotels opened in 2025
Recurring revenue split, 2025 (AED billion)
Malls and retail leasingAED 6.3bn
Hospitality, leisure, entertainmentAED 4.2bn

Sales: UAE against international

Property sales, 2025 (AED billion)
71.1
36.4
UAE
9.3
2.6
International
  • Sales
  • Revenue

International means Egypt and India. International sales grew 124%; UAE sales grew 9%.

Item Figure Source
New UAE residential projects launched, 2025 48 Gulf News
UAE build-to-sell sales, H1 2026 AED 22.4bn of AED 26.6bn total Emaar H1 release via Gulf News
Chairman Jamal Bin Theniyah, since December 2020 Gulf News, 13 Dec 2020

Sources

Companies in this article

People in this article