Emaar Properties, Dubai's largest developer, reported net profit of AED 4.6 billion for the third quarter of 2026, about 5.6% more than a year earlier. Revenue rose by nearly 3% to AED 13.6 billion. Over the first nine months, profit increased by 16% to about AED 13.2 billion and revenue by 13% to AED 37.5 billion, The National reports.
From January to September the group sold property worth AED 34.7 billion across 14 new projects. Its revenue backlog, sales that are only booked as revenue as construction progresses, grew by 6% to AED 158.8 billion. Emaar also announced a special dividend of AED 4.4 billion and plans a cash offer for the shares in its subsidiary Emaar Development that it does not yet own, subject to board approval.
The results come as the wider market slows. According to a market report cited by The National, the value of Dubai home sales fell by 47% in the third quarter and the number of transactions by 38%. Emaar says it will align new launches with market conditions and concentrate on construction progress, handing over homes and income from its existing assets.
At the same time, underlying demand remains in place. Figures cited by Gulf News show that the number of mortgage transactions rose by more than 7% to about 22,500 in the first half of 2026, while prices of comparable homes stayed relatively stable in the third quarter. For buyers with a long horizon, a calmer market can mean more choice, more time to compare and more room to negotiate. Off-plan buyers also benefit when a major developer puts the emphasis on completing and delivering homes.
