Emaar reports 9% increase in its second-quarter profit on higher revenue
Dubai property developer Emaar Properties reported nearly 9 per cent annual increase in its second- quarter profit as revenue rose during the period despite uncertain geopolitical developments. Net profit attributable to owners of the company for the three months to the end of June climbed to Dh3.7 billion ($1 billion), the company said in a filing on Friday to the Dubai Financial Market, where…
Emaar Properties, a prominent Dubai property developer, announced a nearly 9% annual increase in its second-quarter profit due to a rise in revenue during the period, despite geopolitical uncertainties. The company's net profit attributable to its owners for the three months ending June 30 reached Dh3.7 billion ($1 billion), according to a filing with the Dubai Financial Market, where its shares are traded.
Revenue for the same period increased by 18% to Dh11.5 billion. For the first half of 2026, Emaar's net profit surged 22% annually to Dh8.7 billion, with revenue growing 21% to nearly Dh24 billion. The company attributed these results to "disciplined execution across the group’s core businesses and the continued strength of Dubai's economic fundamentals."
Emaar emphasized that despite "global economic and geopolitical developments," the UAE's diversified, business-friendly environment maintained confidence in its core markets.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
