1. United Arab Emirates Stocks

  2. •

    Finance

  3. •

    Real estate development
Emaar Properties (P.J.S.C)

Emaar Properties (P.J.S.C)

DDFM:EMAAR
11.38
AED
-0.14
(-1.22%)
2.62EPS
5.77P/E
105.36BMarket Cap
Nov 05Next Earn
Emaar Properties (P.J.S.C)
DFM:EMAAR
(Dubai Financial Market)

Recent

price

11.38

P/E

ratio

5.77

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
AED
1.81
1.21
1.23
1.54
1.43
1.91
2.17
2.62
3.59
3.43
2.51
3.83
3.03
3.03
4.02
5.61
5.69
Revenue per Share
0.37
0.27
0.32
0.38
0.48
0.57
0.76
0.78
0.86
0.87
0.29
0.52
0.83
1.32
1.53
1.99
2.07
Basic EPS, GAAP
-0.05
0.05
0.24
0.91
1.02
0.61
0.18
0.09
-0.17
-0.12
0.19
1.27
2.19
2.18
2.71
3.68
3.41
Free Cash Flow per Basic Share
- -
0.09
0.09
0.09
1.23
0.33
0.2
0.21
0.63
0.32
0.13
0.28
0.22
0.33
0.82
1.26
- -
Dividend per Share
4.64
4.67
4.86
5.14
4.61
5.26
5.56
6.62
6.71
7.47
7.76
7.54
7.81
8.79
9.67
10.67
10.62
Book Value per Share
4.63
4.66
4.85
5.13
4.6
5.26
5.56
6.54
6.62
7.36
7.65
7.45
7.78
8.77
9.6
10.61
10.57
Tangible Book Value per Share
6,700
6,700
6,700
6,701
6,923
7,160
7,160
7,160
7,160
7,160
7,160
7,274
8,223
8,839
8,839
8,839
8,805
Basic Weighted Avg Shares
12,150
8,112
8,240
10,328
9,930
13,661
15,540
18,752
25,694
24,586
17,959
27,896
24,926
26,750
35,505
49,557
50,094
Sales/Revenue/Turnover
26.69
29.38
29.05
27.8
35.24
33.29
34.78
33.33
34.29
30.53
10.64
23.49
32.32
48.63
45.45
45.51
45.55
Operating Margin (%)
805
762
767
814
855
901
955
1,057
1,212
1,268
1,444
1,376
1,401
1,531
1,539
1,689
1,817
Depreciation Expense
2,448
1,794
2,119
2,568
3,293
4,082
5,419
5,572
6,139
6,200
2,109
3,801
6,832
11,629
13,514
17,599
18,187
Net Income, GAAP
0.06
1.83
0.2
0.5
0.21
- -
1.29
1.03
- -
- -
- -
6.69
3.99
1.54
7.68
12.98
13.59
Effective Tax Rate (%)
20.15
22.11
25.72
24.86
33.16
29.88
34.87
29.72
23.89
25.22
11.74
13.62
27.41
43.47
38.06
35.51
36.31
Profit Margin (%)
-10,030
-12,710
-7,451
-4,986
-2,695
4,147
164
6,977
-1,360
3,445
3,805
-6,519
-6,018
10,046
16,407
17,258
20,614
Working Capital
11,169
5,886
10,088
9,140
11,622
13,274
17,350
21,568
18,719
23,102
20,558
12,707
14,022
11,815
8,500
5,435
5,581
LT Debt
31,300
31,589
32,819
34,733
35,631
41,482
45,783
55,057
56,789
62,711
64,167
67,742
75,426
86,831
96,070
107,676
108,883
Total Equity
7.63
5.06
5.48
6.26
7.3
- -
8.79
8.6
- -
- -
- -
6.77
8.07
12.09
14.53
17.22
17.18
Return on Invested Capital (%)
6.94
5.22
6.5
7.03
7.22
- -
9.12
7.46
- -
- -
- -
2.95
6.99
9.52
9.8
11.83
12.39
Return on Capital (%)
8.2
5.75
6.64
7.66
9.75
11.55
13.98
12.77
12.86
12.22
3.87
6.48
10.45
15.85
16.57
19.59
20.89
Return on Common Equity (%)

Capital Structure

AED

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
5,180
1,996
4,607
LT Borrowings
4,626
7,290
4,831
LT Finance Leases
809
778
751
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8,839
8,839
8,839
Market Capitalization
124,185
103,414
105,358

Working Capital

AED

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
88,181
97,434
97,879
Cash, Cash Equivalents & STI
71,272
34,972
29,684
Accounts Receivable, Net
2,269
2,301
2,508
Inventories
45
45
- -
Total Current Liabilities
70,923
82,366
77,265
Payables & Accruals
- -
- -
- -
ST Debt
5,180
1,996
4,607
Deferred Revenue
- -
- -
- -

Growth Rates

AED

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.13%
10.95%
12.08%
Free Cash Flow
1.67%
145.76%
35.82%
Net Income, GAAP
25.74%
55.32%
30.23%
Sales/Revenue/Turnover
16.45%
24.86%
39.58%
Total Cash Common Dividend
43.7%
75.46%
53.35%

Quarterly Revenue

AED

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,723
7,684
9,385
11,712
35,505
2025
10,098
9,736
- -
16,450
49,557
2026
12,398
11,510
- -
- -
- -

Quarterly Earnings Per Share

AED

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.33
0.27
0.36
0.56
1.53
2025
0.42
0.38
- -
0.7
1.99
2026
0.57
0.42
- -
- -
- -

Quarterly Dividends Per Share

AED

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.28
0.82
2025
- -
- -
- -
- -
1.26
2026
- -
- -
- -
- -
- -
Similar Companies
DLF Limited (NSE:DLF)
Opendoor Technologies Inc (NASDAQ:OPEN)
Samolet (MOEX:SMLT)
Alarko Holding A.S. (BIST:ALARK)
Godrej Properties Limited (NSE:GODREJPROP)
Lodha Developers Ltd. (NSE:LODHA)
Business
Emaar Properties PJSC engages in the development, sale, investment and management of real estate properties; operation of shopping malls, retail centres and entertainment destinations; and provision of hospitality, leisure, commercial leasing and property management services. The Group offers residential developments including villas, townhouses and apartments in master-planned communities such as Dubai Hills Estate, Dubai Creek Harbour, The Valley, The Oasis, Emaar South, Rashid Yachts & Marina and Emaar Beachfront; commercial units, plots of land and office spaces; hospitality assets under brands including Address Hotels + Resorts, Vida Hotels and Resorts, Rove Hotels and Palace Hotels comprising 38 properties with approximately 9,200 keys; super-regional malls such as Dubai Mall, the world's most visited destination, alongside community retail centres and entertainment attractions like Dubai Aquarium, At The Top Burj Khalifa and Sky Views Observatory; and commercial leasing spaces totalling around 2.5 million square feet. Emaar Properties PJSC, founded in 1997 and headquartered in Dubai, United Arab Emirates, maintains a substantial land bank of approximately 660 million square feet in the UAE and key international markets including Egypt, India, Pakistan, Turkey, Saudi Arabia, Morocco, Lebanon, Jordan, the USA and Canada, serving premium lifestyle customers across the Middle East, North Africa, South Asia and beyond. Recent developments include the AED 1.5 billion expansion of Dubai Mall introducing 240 new luxury retail and dining options; strategic acquisitions of 140 million square feet of prime development land in Dubai with a total value of AED 96 billion including The Heights Country Club & Wellness and Grand Polo Club & Resort, alongside Albro North Coast in Egypt; launch of 62 new projects in 2024 across flagship communities; full acquisition of non-controlling interest in Dubai Hills District Cooling LLC in April 2025 increasing ownership to 100%; addition of four new hotels featuring 500 keys; record property sales of AED 70 billion in 2024 with a revenue backlog exceeding AED 110 billion; and announcement of a highest-ever dividend of 100% of share capital amounting to AED 8.8 billion.