04/03/2026 06:18 AST
Emaar Properties on Wednesday said all of its malls, hospitality assets, and development projects were "operating normally" as its sales more than doubled year-on-year in the first two months of 2026.
"All Emaar communities, malls, hospitality assets, and development projects continue to operate normally, supported by comprehensive business continuity planning and close coordination with relevant authorities," the master developer said in a statement on the Dubai Financial Market, where it is listed.
The statement comes amid regional military conflict involving the US, Israel and Iran since Saturday. Iran has been targeting the Gulf countries with missiles and drones.
"The city continues to demonstrate resilience, supported by effective leadership, sound regulation, and a dynamic business environment. Our focus remains on disciplined execution, operational excellence, and delivering sustainable value for our shareholders and customers," said Mohamed Alabbar, founder of Emaar.
Emaar owns and operates some of the prized assets and master communities in Dubai including Dubai Mall, Burj Khalifa, Dubai Hills Estate, Dubai Creek Harbour, among others.
Sales more than double in 2 months
The UAE's largest developer reaffirmed the strength and resilience of its business fundamentals on the back of strong 2025 results and a strong start to 2026, stressing continued investor confidence in Dubai's economic stability and growth trajectory.
Following record revenues and profits in 2025, Emaar carried this positive momentum into 2026.
Its UAE property sales reached Dh17.2 billion in the first two months of 2026, compared to Dh7.9 billion during the same period in 2025, representing an increase of 118 per cent year-on-year.
"Emaar's performance reflects the strength of Dubai's economic vision and the confidence investors place in its stability and long-term prospects," said Alabbar.
In 2025, Emaar achieved its highest-ever property sales of Dh80.4 billion, alongside record revenue of Dh49.6 billion and net profit before tax of Dh25.7 billion.
The company's revenue backlog reached Dh155 billion as of December 31, 2025. Recurring income streams across malls, hospitality, leisure, entertainment, and commercial leasing accounted for 32 per cent of total EBITDA.
"With diversified income streams, strong liquidity, and disciplined cost management, Emaar remains well-positioned to sustain growth and contribute to the continued strength and resilience of Dubai's capital markets," the company said in a statement.
Khaleej Times
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