Emaar Development Awards USD 4.85 Billion in Construction and Infrastructure Contracts in 9M 2026
UAE: Dubai-listed Emaar Development awarded construction and infrastructure contracts worth a combined AED 17.8 billion (USD 4.85 billion) during the first nine months of 2026, reflecting its efforts to accelerate project execution across its master-planned communities. Between January and September 2026, the developer awarded 23 main construction contracts valued at AED 13.5 billion (USD 3.68 billion), alongside several infrastructure contracts worth AED 4.3 billion (USD 1.17 billion). As of September 30, more than 85% of the company's ongoing projects were progressing ahead of schedule, while over 4,800 residential units were handed over during the reporting period. Emaar Development had more than 51,000 residential units under development at the end of September, supported by a land bank of approximately 285 million square feet available for future mixed-use developments. The company also highlighted its AED 200 billion (approximately USD 54.5 billion) masterplan announced during the first half of 2026, which is expected to further strengthen its long-term development pipeline.
Source: Zawya
