Emaar Profit Jumps 35% to $1.36 Billion as Dubai Property Sales Stay Strong

7 articles · Updated · The Wall Street Journal · May 11

5.00 billion dirham ($1.36 billion) in first-quarter net profit marked a 35% rise from 3.71 billion dirham a year earlier for Dubai developer Emaar Properties.
Higher property sales at the start of 2026 drove the gain, while Emaar said its real-estate development business remains supported by a strong backlog, ongoing construction and customer collections broadly in line with expectations.
The company said the Middle East war has hit hospitality and some entertainment operations tied to visitor flows, but those businesses make up a smaller share of overall performance.
Dubai's property market is under closer scrutiny after Iran fired hundreds of missiles and drones at the UAE since Feb. 28, and Savills said many buyers are taking a wait-and-see approach amid geopolitical uncertainty.

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