Dubai-listed Emaar Development awarded construction and infrastructure contracts valued at AED 17.8 billion (US$4.85 billion) during the first nine months of 2026, as the company accelerated development across its master-planned communities.
Between January and September, the developer awarded 23 main construction contracts worth AED 13.5 billion (US$3.68 billion), alongside several infrastructure agreements valued at AED 4.3 billion (US$1.17 billion), according to its nine-month financial results.
As of 30 September 2026, more than 85% of the company’s active projects were progressing ahead of schedule. Emaar Development also completed the handover of over 4,800 residential units during the reporting period.
The company had more than 51,000 residential units under development at the end of September, supported by a land bank of approximately 285 million square feet for future mixed-use developments.
Emaar Development also highlighted its AED 200 billion masterplan, announced in the first half of 2026, which is expected to strengthen its long-term project pipeline.
Financial performance
For the nine months ended 30 September 2026, Emaar Development recorded revenue of AED 22.2 billion (US$6 billion), representing a 26% increase compared with the same period last year.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 28% to AED 11.4 billion (US$3.1 billion), delivering a margin of approximately 52%.
Net profit after tax increased by 24% to AED 10.8 billion (US$2.9 billion).
Property sales reached AED 26.2 billion (US$7.1 billion), while the company’s revenue backlog stood at AED 119.8 billion (US$32.6 billion) as of 30 September 2026.
Emaar founder Mohamed Alabbar said the nine-month performance demonstrated the company’s progress in translating development plans into completed residential communities.
Since 2002, Emaar Development has delivered nearly 85,500 residential units.
Sustainability initiatives
The developer also reported progress across its sustainability programmes. Its rooftop solar photovoltaic capacity at The Greens, The Views and Dubai Hills Estate reached 1.08 megawatt-peak (MWp) during the reporting period.
Additionally, the company introduced an Energy Savings Performance Contract in Downtown Dubai as part of its Energy Management Programme. Its landfill diversion rate reached 67.7% as of August 2026.
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