Real Estate Development - Residential & Commercial
Strategic Profile
With a record sales backlog of AED 100.1 billion (US$27.3 billion) as of March 2025 and over 43,500 residential units under development, Emaar operates as a high cash flow generating business with robust fundamentals. The company achieved property sales of AED 16.5 billion (US$4.5 billion) in Q1 2025, a 28% increase year-over-year, with revenue growth of 43% to AED 5 billion.
Cyborg Score Rationale
Emaar recorded net profit before tax of AED 2.8 billion (US$753 million) in Q1 2025, up 49% year-over-year, demonstrating exceptional profitability. The company commands market leadership in Dubai's real estate with a dominant portfolio of iconic developments and massive contracted backlog, positioning it for sustainable growth.
Top Insights
Record Q1 2025 performance with 28% sales growth and 43% revenue growth demonstrates strong market momentum in UAE real estate
Backlog of AED 100.1B provides multi-year revenue visibility with 43,500+ units under development
Owns portfolio of iconic Dubai master-planned communities controlling approximately 22% of all freehold residential units in Dubai
Exceptional profitability with 49% net profit growth in Q1 2025 and net profit margin exceeding 50% of revenue
Named Competitors
Damac — UAE-based luxury residential and hospitality developer
Azizi — UAE residential and commercial property developer
Deyaar — UAE real estate developer in Dubai and Abu Dhabi
Recent Developments
(May 2025) Achieved AED 16.5 billion in property sales in Q1 2025, up 28% YoY, with revenue backlog reaching AED 100.1 billion
(May 2025) Launched 12 new projects across masterplans during Q1 2025, reinforcing market leadership position
(2024) Full-year revenue reached AED 19.15 billion, up 60.61% from prior year, with earnings of AED 7.63 billion
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