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    Real estate development
Emaar Development PJSC

Emaar Development PJSC

DDFM:EMAARDEV
12.50
AED
-0.22
(-1.73%)
55.28BMarket Cap
Nov 16Next Earn
Emaar Development PJSC
DFM:EMAARDEV
(Dubai Financial Market)

Recent

price

12.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
AED
0.78
1.31
1.72
2.22
3.86
3.19
2.44
3.9
2.89
2.98
4.79
6.87
- -
Revenue per Share
0.32
0.44
0.53
0.69
0.98
0.68
0.41
0.81
0.95
1.66
1.91
2.83
- -
Basic EPS, GAAP
0.88
0.55
-0.01
0.2
-0.46
-0.59
0.11
1.05
2.15
2.44
2.74
5.26
- -
Free Cash Flow per Basic Share
- -
- -
0.03
1.03
0.29
0.46
0.23
0.33
0.15
0.52
0.52
0.68
- -
Dividend per Share
0.68
1.07
1.69
1.27
1.99
2.4
2.81
3.62
4.57
5.71
7.1
9.32
9.71
Book Value per Share
0.68
1.07
1.69
1.27
1.99
2.4
2.81
3.62
4.57
5.71
7.1
9.32
9.71
Tangible Book Value per Share
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
Basic Weighted Avg Shares
3,140
5,253
6,899
8,863
15,433
12,746
9,758
15,602
11,541
11,921
19,147
27,486
- -
Sales/Revenue/Turnover
42.94
33.96
33.11
35.15
35.27
28.2
22.27
26.16
34.26
60.6
47.25
48.82
- -
Operating Margin (%)
- -
- -
11
14
16
26
19
12
10
13
8
14
11
Depreciation Expense
1,276
1,742
2,112
2,743
3,901
2,700
1,657
3,244
3,808
6,629
7,633
11,316
- -
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
4.78
12.17
- -
Effective Tax Rate (%)
40.63
33.16
30.62
30.94
25.28
21.18
16.98
20.79
33
55.61
39.87
41.17
- -
Profit Margin (%)
-2,316
-624
1,405
620
1,142
-1,512
-1,806
-3,825
-201
7,215
11,295
16,958
16,948
Working Capital
- -
- -
- -
3,921
3,931
3,763
3,669
199
850
4
4
16
14
LT Debt
3,067
4,839
7,516
6,200
10,667
12,354
13,500
16,415
20,072
26,471
31,615
41,285
43,991
Total Equity
- -
45.13
36.98
35.33
44.04
23.41
13.04
22.13
19.46
30.46
29.41
31.16
- -
Return on Invested Capital (%)
- -
38.93
28.93
25.02
18.81
13.92
8.42
12.74
17.35
20.63
20.25
25.14
- -
Return on Capital (%)
- -
49.58
38.26
46.34
59.89
30.78
15.9
25.2
23.23
32.23
29.8
34.47
- -
Return on Common Equity (%)

Capital Structure

AED

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
4
4
4
LT Finance Leases
12
13
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,000
4,000
4,000
Market Capitalization
60,600
54,000
55,280

Working Capital

AED

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
55,567
63,202
62,287
Cash, Cash Equivalents & STI
41,310
46,813
45,963
Accounts Receivable, Net
1,207
1,256
1,311
Inventories
- -
- -
- -
Total Current Liabilities
38,610
48,264
45,338
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

AED

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.07%
25.15%
30.58%
Free Cash Flow
-158.91%
220.75%
92.24%
Net Income, GAAP
27.45%
50.12%
48.25%
Sales/Revenue/Turnover
23.44%
28.26%
43.55%
Total Cash Common Dividend
- -
53.16%
30.64%

Quarterly Revenue

AED

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,507
3,831
5,140
6,668
19,147
2025
5,024
4,905
- -
9,842
27,486
2026
6,856
6,480
- -
- -
- -

Quarterly Earnings Per Share

AED

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.32
0.3
0.52
0.77
1.91
2025
0.48
0.46
- -
1.08
2.83
2026
0.73
0.66
- -
- -
- -

Quarterly Dividends Per Share

AED

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.52
2025
- -
- -
- -
- -
0.68
2026
- -
- -
- -
- -
- -
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Business
Emaar Development PJSC Emaar Development PJSC serves as a premier developer of luxury residential and commercial build-to-sell properties in the United Arab Emirates, focusing on iconic freehold master-planned communities in Dubai such as Emirates Living, Downtown Dubai, Dubai Marina, Arabian Ranches, Dubai Creek Harbour, Dubai Hills Estate, Emaar South, Rashid Yachts & Marina, The Valley, The Oasis, Emaar Beachfront, and Grand Polo Club and Resort; its core offerings encompass high-end apartments, villas, townhouses, plots of land, and commercial units across diverse segments including waterfront residences, golf course communities, and marina developments, complemented by development management services, property leasing, and investment in real estate enterprises. Founded in 1997 and headquartered in Dubai, the company operates primarily within the UAE market, targeting international residents, high-net-worth individuals, millennials, and local buyers seeking integrated lifestyles that blend living, leisure, and urban amenities; as a subsidiary of Emaar Properties PJSC, it maintains a substantial gross land bank of 367 million square feet and has delivered over 79,000 residential units since inception, with 42,000 units currently under construction. In 2024, Emaar Development PJSC achieved record property sales of AED 65.4 billion, a 75% increase from the prior year, alongside revenue of AED 19.1 billion and a revenue backlog of AED 90.9 billion; the company launched over 62 new projects, strategically acquired 141 million square feet of prime development land valued at AED 96 billion in projected development potential, and enhanced its partnerships through joint ventures and development agreements with government-related entities including Dubai Holding, Dubai Aviation City Corporation, P&O Marinas, and Mina Rashid Properties, while fully consolidating key assets like Dubai Creek Harbour and introducing a refreshed dividend policy with a 31% payout increase to AED 2.72 billion.