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Emaar Properties AED

At a glance: strengths & risks
Revenue growing (+40%)Profit growing (+30%)Low leverage (0.0x EBITDA)Cheaper than own history (EV/EBITDA 3.9 vs avg 5.8)

Sector: Real estate

AE_EMAAR

Price chart

11.16 AEDDay -3.46%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
11.16 AED · -3.46%
Market cap
102.2 bn AED

Growth

Δ revenue y/y
22.8%
Δ EBITDA y/y
20.7%

Multiples

P/E (LTM)
5.4x
3y avg: 7.6x
P/B (FY)
0.9x
P/E (ann.)
5.1x
EV/EBITDA (LTM)
3.9x
3y avg: 5.8x
EV/EBITDA (ann.)
4.0x

Cash return

Dividend yield
9.0%
FCF yield (LTM)
29.8%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (listing)
219.9 mln AED

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B AED, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB AEDOperating profitB AEDD&AB AEDEBITDAB AEDNet profitB AEDOperating CFB AEDCapex + M&AB AEDAssetsB AEDEquityB AEDROE (annualized)Net debtB AEDSource
2026-03-31Q1 2026 (3M)OK12.4
y/y 22.8%
5.7
y/y 20.3%
0.5
y/y 25.3%
6.2
y/y 20.7%
5.0
y/y 34.7%
7.5-0.3195.3
y/y 16.0%
103.6
y/y 13.4%
18.9%-2.9
2025-12-31Q4 2025 (3M)OK16.5
y/y 40.5%
7.6
y/y 38.7%
0.4
y/y 4.2%
8.1
y/y 36.3%
6.1
y/y 23.1%
9.5-0.2186.7
y/y 16.5%
107.7
y/y 12.1%
17.0%0.1
2025-09-30Q3 2025 (3M)OK13.3
y/y 41.4%
5.8
y/y 38.1%
0.4
y/y 10.7%
6.2
y/y 35.8%
4.4
y/y 37.4%
5.1-0.4174.7
y/y 16.2%
99.4
y/y 8.6%
6.0%-7.6
2025-06-30Q2 2025 (3M)OK9.7
y/y 26.7%
4.4
y/y 31.9%
0.4
y/y 17.9%
4.8
y/y 30.4%
3.4
y/y 39.3%
9.9-0.2167.7
y/y 17.7%
94.3
y/y 8.0%
14.5%-11.6
2025-03-31Q1 2025 (3M)OK10.1
y/y 50.2%
4.8
y/y 52.3%
0.4
y/y 6.6%
5.2
y/y 47.4%
3.7
y/y 27.0%
9.0-0.2168.3
y/y 17.8%
91.3
y/y 2.7%
15.8%-15.9
2024-12-31Q4 2024 (3M)OK11.7
y/y 39.8%
5.5
y/y 27.5%
0.4
y/y 5.8%
5.9
y/y 25.7%
5.0
y/y 47.1%
7.30.0160.2
y/y 14.9%
96.1
y/y 10.6%
14.4%1.8
2024-09-30Q3 2024 (3M)OK9.4
y/y 53.8%
4.2
y/y 11.3%
0.4
y/y -8.5%
4.6
y/y 9.3%
3.2
y/y -3.3%
7.6-0.2150.2
y/y 9.6%
91.5
y/y 11.7%
4.7%-3.6
2024-06-30Q2 2024 (3M)OK7.7
y/y 28.5%
3.3
y/y 39.7%
0.4
y/y 0.9%
3.7
y/y 34.5%
2.4
y/y 39.1%
6.9-0.1142.6
y/y 6.9%
87.3
y/y 12.3%
11.0%-1.5
2024-03-31Q1 2024 (3M)OK6.7
y/y 6.9%
3.1
y/y 22.6%
0.4
y/y 4.8%
3.5
y/y 20.4%
2.9
y/y -8.9%
2.7-0.1142.8
y/y 7.2%
88.9
y/y 13.8%
13.3%-3.7
2023-12-31Q4 2023 (3M)OK8.4
y/y
4.3
y/y
0.4
y/y
4.7
y/y
3.4
y/y
3.8-0.1139.4
y/y
86.8
y/y
13.8%-2.5
2023-09-30Q3 2023 (3M)OK6.1
y/y
3.8
y/y
0.4
y/y
4.2
y/y
3.3
y/y
4.7-0.2137.1
y/y
81.9
y/y
5.5%0.5
2023-06-30Q2 2023 (3M)OK6.0
y/y
2.4
y/y
0.4
y/y
2.7
y/y
1.7
y/y
5.8-0.1133.3
y/y
77.7
y/y
8.9%2.3
2023-03-31Q1 2023 (3M)OK6.3
y/y
2.6
y/y
0.4
y/y
2.9
y/y
3.2
y/y
5.5-0.3133.2
y/y
78.1
y/y
4.7

Revenue & EBITDA

RevenueEBITDA

Quarterly values (AED mln)

05 00010 00015 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

0%20%40%60%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF (AED mln)

-5 00005 00010 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash (AED mln)

-20 000-15 000-10 000-5 00002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +16.9%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31)
= (6 224 − 5 156) × 4.07
4 345
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (102 176 + -2 893) ÷ 25 306
3.9x
3. Target multiple
(Current EV/EBITDA + 10) ÷ 2
= (3.9 + 10) ÷ 2
7.0x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -12 962 + 0 + 0 − 0
-12 962
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (4 345 × 7.0 + -12 962) ÷ 102 176
+16.9%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-04-031 AEDEx-dividend: 1 AED per sharePaidYahoo Finance (ex-div)
2025-04-031 AEDEx-dividend: 1 AED per sharePaidYahoo Finance (ex-div)
2024-05-010.5 AEDEx-dividend: 0.5 AED per sharePaidYahoo Finance (ex-div)
2023-04-260.25 AEDEx-dividend: 0.25 AED per sharePaidYahoo Finance (ex-div)
2022-04-290.15 AEDEx-dividend: 0.15 AED per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Emaar Properties — from primary filings.

Frequently asked questions

What is Emaar Properties's P/E ratio?
Emaar Properties trades at a P/E of 5.4x (price to trailing 12-month earnings).
What is Emaar Properties's EV/EBITDA?
Emaar Properties trades at 3.9x EV/EBITDA.
What is Emaar Properties's P/B ratio?
Emaar Properties trades at a P/B of 0.9x.
What is Emaar Properties's dividend yield?
Emaar Properties's trailing 12-month dividend yield is 9.0%.
What is Emaar Properties's return on equity (ROE)?
Emaar Properties's ROE is 18.9%.
What is Emaar Properties's market capitalization?
Emaar Properties's market cap is 102.2 bn AED.