EL7.AI
Mergers & AcquisitionsMediumUpdated×2•Originally published 3 November 2026•Updated 3 November 2026•
3 min read

Unable to verify report that Emaar Properties is considering buying minority stakes in Emaar Development

Key Facts

1The report that Emaar Properties is considering buying minority shareholders’ stakes in Emaar Development could not be verified through a reliable open source.
2Emaar Development revenue reached AED 13.3 billion in the first half of 2026, up 34% year on year.
3The company recorded property sales of AED 22.4 billion in the first half of 2026.
4The backlog of revenue reached AED 127.7 billion as of June 30, 2026, an increase of 8% compared with the first half of 2025.

It could not be verified through a reliable open source that Emaar Properties is considering buying minority shareholders’ stakes in Emaar Development, a report circulating on November 3. No confirmed details are therefore available on a potential purchase price, the deal structure or its progress. The company’s published first-half figures are not a substitute for confirmation of this development; they relate to an earlier results disclosure issued on August 7. According to that disclosure, revenue in the first six months of 2026 rose to AED 13.3 billion, up 34% from the same period last year. The company attributed the growth to the execution of ongoing projects and the recognition of their revenue.

In the same disclosure, Emaar Development said it recorded property sales of AED 22.4 billion in the first half of 2026. It described the pace of sales as measured in light of evolving geopolitical developments. It added that this approach coincided with maintaining pricing discipline and customer confidence. The figure indicates the value of sales the company recorded during the period, while the company linked its comments on the pace to geopolitical conditions. The disclosure did not compare property sales with the corresponding period a year earlier.

The backlog of revenue reached AED 127.7 billion as of June 30, 2026, an increase of 8% compared with the first half of 2025, the company said. It said the backlog provides visibility on future revenue and supports growth prospects. This measure differs from sales during the period: it is a balance reported by the company at the end of June, while property sales reflect the value of properties sold during the six months. The company thus cited the figure as supporting what it said was its outlook for future revenue. The disclosure did not specify when this backlog of revenue would be realized.

Emaar Development said construction work across all projects under execution progressed according to set schedules during the first half of 2026. It also said its land bank includes around 287 million square feet of mixed-use development opportunities. The company also cited a new master plan worth AED 200 billion. These statements present some of the ongoing projects and development opportunities the company announced in its results for the period. The disclosure provided no timeline for developing those opportunities or further details on the master plan.

Emaar Development operates in residential and commercial property development on a build-to-sell basis in the UAE and is a majority-owned subsidiary of Emaar Properties, according to the company’s description. In its first-quarter 2026 results, it reported revenue of AED 6.9 billion, up 36% year on year, and net profit after tax of AED 3.5 billion, up 49% from the first quarter of 2025. Its fiscal 2025 results showed revenue of AED 27.5 billion, up 44% from 2024, and pre-tax net profit of AED 15.5 billion, an increase of 52%. These figures relate to earlier periods and do not confirm the report circulating on November 3 that the company is considering buying minority stakes.