Emaar posts higher third-quarter 2026 profit as sales and backlog support earnings

Developer Emaar Properties released its results for the third quarter of 2026. The figures were filed with the Dubai Financial Market and reported by The National on 5 November 2026. The company also announced plans to buy out the rest of its subsidiary Emaar Development and a one-time special dividend. Here is what matters for buyers and investors.

Key figures for the quarter

According to Emaar, 5 November 2026, net profit attributable to owners for the quarter was Dh4.6 billion, up 5.6 per cent year on year. According to Emaar, 5 November 2026, revenue for the same period rose by nearly 3 per cent to Dh13.6 billion. Over nine months, according to the company, net profit grew 16 per cent to Dh13.28 billion, while revenue increased 13 per cent to Dh37.5 billion.

Property sales from January to September reached Dh34.7 billion, according to Emaar, with the company launching 14 projects across its master-planned communities. According to Emaar, 5 November 2026, its backlog of contracted sales, revenue still to be recognised as construction progresses, rose 6 per cent year on year to Dh158.8 billion.

What it means for buyers and investors

In its comments on the results, Emaar said it will align new launches and investment with market conditions, prioritising construction progress, timely handovers and the performance of its operating assets. For buyers, that is a signal the developer is publicly emphasising delivery of existing commitments rather than only expanding its pipeline.

A large backlog of contracted sales represents homes already sold that must still be built and handed over in the coming years. According to Emaar, 5 November 2026, the board also recommended a one-time special dividend of Dh4.4 billion, or Dh0.5 per share, on top of the regular annual payout. For investors this speaks to the company's balance sheet, but it is not a promise of future returns on any specific property.

The Emaar Development offer

Separately, Emaar Properties said it intends to make a voluntary cash offer to acquire up to 100 per cent of the shares in its subsidiary Emaar Development that it does not already own. The offer price, per The National, is Dh15 per share and is subject to approval by Emaar Properties' board.

Emaar Development, which handles UAE residential development, reported quarterly profit of Dh3.5 billion, up nearly 8 per cent year on year, per the company. For the market, consolidating the structure does not change the terms of homes already purchased, but it simplifies how the group manages its residential portfolio.