UAE Equity Research - Emaar Properties 2Q25 - Earnings Call Insight
Emaar Properties’ revenue grew 26.7% YOY to AED 9.7 Bn in 2Q25, mainly driven by a solid rise in property sales and recognition of backlog, along with robust performance across retail, hospitality, and international operations. The Company’s cost of revenue increased 30.2% YOY to AED 4.3 Bn in 2Q25. This is higher than the growth in revenue owing to a change in the revenue mix.
