Emirates Real Estate Development Company sustained its robust performance in the second quarter and the first half of this year, building on the solid foundation laid in the first quarter of 2025.
The company recorded a total half-year profit before interest, taxes, depreciation, and amortization (EBITDA) of 10.4 billion dirhams, reflecting a 30% year-on-year increase, with a profit margin exceeding 52%. Net profits reached 8.9 billion dirhams.
Emirates achieved real estate sales of approximately 46 billion dirhams in the first half of 2025, marking a 46% rise compared to the same period last year and surpassing previous record figures.
The accumulated revenues from sales of ongoing projects escalated to 146.3 billion dirhams by June 30, 2025, a 62% increase compared to the first half of 2024, indicating a promising growth outlook for the company’s future revenue.
Emirates’ revenue amounted to 19.8 billion dirhams, representing a 38% increase from the prior year, driven by strong performance in the real estate development, retail, hospitality, and international operations sectors.
Aspirations
Mohammed Alabbar, founder of Emirates, commented: “Numbers alone do not provide the complete picture. Behind every sale, project, and community lies a sincere intention, alongside a team that constantly seeks ways to enhance performance and enrich individuals’ lives. What we have achieved in the first half of 2025 embodies this mindset; our ambition goes beyond meeting goals to leaving a lasting impact and forging stronger bonds that inspire continuous growth.”
Emirates Development Company maintained its strong performance in the first half of 2025, showcasing impressive results in real estate sales and construction progress. The company reported a net profit before taxes of 5.4 billion dirhams, a 50% increase compared to the first half of 2024, with net profits reaching 4.7 billion.
Shopping and Retail
Emirates’ portfolio in shopping malls and commercial leasing exhibited strong performance, generating revenues of 3.2 billion dirhams in the first half of 2025, an increase of 14% year-on-year. EBITDA climbed to 2.8 billion dirhams, up 18% compared to the first half of 2024. This growth stemmed from continuous tenant sales increases and high occupancy rates across key assets, resulting in rising leasing revenues. By June 30, 2025, the average occupancy rate for Emirates’ shopping mall properties soared to 98%.
International Real Estate Operations
Emirates’ international operations reported real estate sales of 5.3 billion dirhams in the first half of 2025, a staggering 200% increase from the same period in 2024.
Total revenues reached 1 billion dirhams, a 26% year-on-year growth, mainly fueled by strong demand for real estate assets in India and Egypt. International real estate revenues contributed approximately 5% to the company’s total revenues in the first half.
Hospitality and Entertainment
The hospitality, leisure, and entertainment sectors of Emirates reported revenues of 2.1 billion dirhams, bolstered by strong tourism activity and growing local demand.
The occupancy rate for Emirates’ hotels in the region stood at 80% in the first half of 2025, compared to 78% in the same period the previous year.
Additionally, the company added two new hotels, which include over 600 rooms, enhancing its portfolio and reinforcing its presence in the hotel industry.
Consistent Revenue
The diverse and sustainable portfolio of Emirates generating continuous revenue—including shopping malls, hospitality, entertainment, and commercial leasing—demonstrated strong performance in the first half of 2025, with revenues reaching 5.3 billion dirhams, a growth of 15%. EBITDA reached 4.1 billion dirhams, an increase of 16% compared to the same period last year. This portfolio continues to provide consistent income and solid liquidity for Emirates, contributing 40% to the company’s overall profits before interest, taxes, depreciation, and amortization in the first half.