Net profit attributable to owners of the company for three months to the end of September climbed to Dh4.3 billion ($1.19) billion, the company said in a statement on Thursday to Dubai Financial Market, where its shares are traded.
Revenue for the quarter jumped 41.4 per cent on a yearly basis to Dh13.2 billion.
For the first nine months of this year, Emaar’s profit rose 34 per cent to Dh11.4 billion as revenue grew 39 per cent to Dh33.1 billion. Property sales for the nine-month period climbed 22 per cent to Dh61 billion.
Up to September 30, Emaar’s revenue backlog from property sales stood at Dh150.3 billion, a 49 per cent year-on-year surge.
“Emaar’s performance reflects steady demand for its developments, robust revenue backlog, strong recurring revenue operations and disciplined financial management, underscoring the resilience of its business model,” Emaar said.
UAE’s property market has been undergoing a boom in recent years, benefiting from government initiatives such as residency permits for retired and remote workers, expansion of the 10-year golden visa programme and growth in the economy.
Dubai, as well as other emirates in the Arab world's second-largest economy, has attracted an influx of millionaires from around the world, in turn driving demand for luxury properties.
In the first half of 2025, the volume and value of all real estate transactions in Dubai rose sharply, as more than 59,000 investors joined the market, the Dubai Media Office said in July, citing Dubai Land Department (DLD) data.
The number of transactions reached 125,538, up nearly 26 per cent on an annual basis, while the value of these transactions rose about 25 per cent to about Dh431 billion, DLD data showed.
Emaar Development, a majority-owned subsidiary specialising in the build-to-sell property development business, also reported a sharp rise in profit, with nine-month property sales growth of10 per cent to Dh52.9 billion. The company's revenue for the period rose 41 per cent to Dh17.6 billion.
Property sales for Emaar’s international real estate operations rose more than three times to Dh8.1 billion, primarily driven by Egypt and India markets, Emaar said.
Emaar’s shopping malls, retail and commercial leasing operations recorded revenue of Dh4.7 billion in the first nine months of this year, up 12 per cent annually, with mall portfolio reporting an average occupancy rate of more than 98 per cent, the company said.
if you go
The flights
Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.
The hotels
Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.
When to visit
March-May and September-November
Visas
Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.
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The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Two-step truce
The UN-brokered ceasefire deal for Hodeidah will be implemented in two stages, with the first to be completed before the New Year begins, according to the Arab Coalition supporting the Yemeni government.
By midnight on December 31, the Houthi rebels will have to withdraw from the ports of Hodeidah, Ras Issa and Al Saqef, coalition officials told The National.
The second stage will be the complete withdrawal of all pro-government forces and rebels from Hodeidah city, to be completed by midnight on January 7.
The process is to be overseen by a Redeployment Co-ordination Committee (RCC) comprising UN monitors and representatives of the government and the rebels.
The agreement also calls the deployment of UN-supervised neutral forces in the city and the establishment of humanitarian corridors to ensure distribution of aid across the country.
Sanju
Produced: Vidhu Vinod Chopra, Rajkumar Hirani
Director: Rajkumar Hirani
Cast: Ranbir Kapoor, Vicky Kaushal, Paresh Rawal, Anushka Sharma, Manish’s Koirala, Dia Mirza, Sonam Kapoor, Jim Sarbh, Boman Irani
Rating: 3.5 stars
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US tops drug cost charts
The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.
Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.
In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.
Some of the costliest drugs worldwide include Lipitor for high cholesterol.
The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.
High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
