Emaar Properties Q3 Profit Rises 5.6% to AED 4.6 Billion on Revenue Growth
Key Facts
Emaar Properties reported a 5.6% increase in net profit for the third quarter of 2026, with profit attributable to owners rising to AED 4.6 billion ($1.25 billion). The National reported that the growth was driven by revenue backlog and sales from new project launches, even as residential transaction volumes in Dubai faced headwinds during the period.
Total revenue for the quarter rose nearly 3% annually to AED 13.6 billion, while property sales for the first nine months of 2026 reached AED 34.7 billion. The board of Emaar Properties also approved a one-time special dividend of AED 4.4 billion, or AED 0.5 per share, as the company moves forward with plans to acquire the remaining shares in its listed unit Emaar Development.
Latest Updates · 2
- Notable·
Update: Emaar Properties' board has approved a plan to delist its construction unit from the stock exchange. This follows the approval of a $3.3 billion buyout deal, formalizing the company's strategy to gain full control over its property development operations.
- Notable·
Update: Additional reports indicate that the full acquisition and delisting of the Emaar Properties construction unit is valued at approximately $3.4 billion. The move aligns with the company's strategy to consolidate its core real estate operations following its strong third-quarter performance.