UAE Real Estate Powerhouses Generate AED 114 Billion in H1 2026: Modon Tops Emaar in Historic Sector Rally
The United Arab Emirates’ real estate market witnessed unprecedented growth during the first half of 2026. According to data compiled and released by the Aletihad News Center, property sales across the country's top 10 real estate developers reached an aggregate of AED 113.7 billion.
In a competitive race, Abu Dhabi–based Modon Holding claimed the top spot with AED 23.0 billion in domestic sales, surpassing Dubai's market leader Emaar Properties (AED 22.4 billion).
Top 10 UAE Real Estate Developers by Sales Value (H1 2026)
| Rank | Developer | Total Domestic Sales (AED) | Primary Share of Sales & Major Generators |
| 1 | Modon Holding | 23.0 Billion | Abu Dhabi: Hudayriyat Golf Estates (AED 13B), Tara Park & Maysan on Reem Island |
| 2 | Emaar Properties | 22.4 Billion | Dubai: The Oasis, Dubai Hills Estate, Emaar South, & The Valley |
| 3 | DAMAC Properties | 16.0 Billion | Dubai: DAMAC Lagoons, DAMAC Riverside, & ultra-luxury branded towers |
| 4 | Aldar Properties | 9.5 Billion | Abu Dhabi: Yas Island (Yas Riva, Water's Edge expansions), Saadiyat Island, & Fahid Island |
| 5 | Binghatti | 7.6 Billion | Dubai: Binghatti Mercedes-Benz Places, Jacob & Co Residences, & Business Bay pipeline |
| 6 | Meraas | 7.5 Billion | Dubai: Bluewaters, Port de La Mer, Central Park at City Walk, & La Mer waterfronts |
| 7 | H&H Development | 7.4 Billion | Dubai: Eden House master releases, Baccarat Hotel & Residences Dubai |
| 8 | Ellington Properties | 7.0 Billion | Dubai & RAK: Boutique luxury residences in JVC, Palm Jumeirah, & Al Hamra waterfront |
| 9 | Omniyat | 6.7 Billion | Dubai: Ultra-prime marquee residences in Business Bay / Marasi Marina (The Lana, VELA, VELA Viento) |
| 10 | Beyond | 6.6 Billion | Dubai: High-end luxury segment & waterfront master communities under the Omniyat umbrella |
1. Modon Holding (AED 23.0 Billion)
Modon Holding set a new industry benchmark in the first half of 2026, establishing early momentum with the rapid sell-out of both phases of Tara Park on Reem Island alongside steady buyer demand across its Maysan development. The developer accelerated into top position nationwide by achieving record financial results and an unprecedented surge in domestic project absorption.
The primary catalyst behind this historic performance was the landmark launch of Hudayriyat Golf Estates, which generated an astounding AED 13.0 billion in residential sales within days of release the highest single-project sales value ever recorded in UAE history. Coupled with ongoing master development across Reem Hills, Abu Dhabi's flagship waterfront destinations accounted for the entirety of Modon's domestic sales.
2. Emaar Properties (AED 22.4 Billion)
Emaar Properties sustained its market leadership across Dubai's urban footprint, opening 2026 with high off-plan absorption across both established communities and new suburban masterplans. The developer maintained consistent transactional velocity across residential apartments, family townhouses, and prime luxury plots.
The majority of Emaar's domestic sales volume was driven by major off-plan phases in The Oasis and The Valley, alongside strong demand in established lifestyle hubs like Dubai Hills Estate and Emaar South. Strategic buyer interest near the expanding Al Maktoum International Airport corridor contributed significantly to its AED 22.4 billion total.
3. DAMAC Properties (AED 16.0 Billion)
DAMAC Properties achieved third place nationwide by executing a sales strategy focused on themed water communities and branded residential living. The company maintained high transactional velocity across Dubai by catering to international investors seeking amenity-rich master communities.
The cornerstone of DAMAC's H1 performance was sustained demand across its flagship DAMAC Lagoons and the expanding DAMAC Riverside master developments. Additionally, its high-margin luxury towers along Sheikh Zayed Road and Dubai Marina added substantial value to its AED 16.0 billion total.
4. Aldar Properties (AED 9.5 Billion)
Aldar Properties delivered strong domestic development results supported by robust demand from overseas and expatriate buyers, who accounted for 80% of its UAE sales. The developer paired steady project delivery with high-value launches across Abu Dhabi's premier prime destinations.
The vast majority of Aldar's UAE sales originated from prime residential and villa clusters on Yas Island (including Yas Park Place and Yas Riva) and cultural waterfronts on Saadiyat Island. These were further supplemented by early buyer interest across new master-planned destinations such as Al Ghadeer Gardens and Fahid Island.
5. Binghatti (AED 7.6 Billion)
Binghatti expanded its footprint through its signature automotive- and horology-branded super-luxury developments. The developer maintained high turnover and global marketing visibility, catering directly to affluent buyers and luxury lifestyle investors.
The bulk of Binghatti’s AED 7.6 billion volume came from high-profile skyscraper projects in Business Bay and Downtown Dubai, anchored by Binghatti Mercedes-Benz Places, Bugatti Residences, and Jacob & Co Residences, which registered record per-square-foot sales rates.
6. Meraas (AED 7.5 Billion)
Meraas generated its highest sales volumes across premium waterfront and urban lifestyle developments in Dubai, led by expansions at Port de La Mer, Bluewaters Island, and Central Park at City Walk.
7. H&H Development (AED 7.4 Billion)
H&H Development secured its ranking through high-ticket branded hospitality developments, driven primarily by the Eden House master developments and Baccarat Hotel & Residences Dubai.
8. Ellington Properties (AED 7.0 Billion)
Ellington Properties drew strong European and international buyer interest through boutique, design-led residences across Jumeirah Village Circle (JVC), Palm Jumeirah, and waterfront projects in Ras Al Khaimah.
9. Omniyat (AED 6.7 Billion)
Omniyat anchored its sales in the ultra-luxury segment along Dubai's Marasi Bay and Canal districts, powered by premier architectural residences including The Lana, VELA, and VELA Viento.
10. Beyond (AED 6.6 Billion)
Operating as a dedicated luxury development arm, Beyond achieved its AED 6.6 billion milestone through bespoke, high-value waterfront master projects tailored for ultra-high-net-worth private investors.
Official transaction data, developer rankings, and market figures sourced directly from the Aletihad News Center Media Desk and corporate market registry filings.
Frequently Asked Questions
Modon Holding secured the #1 position nationwide, recording AED 23.0 billion in domestic UAE sales, narrowly leading Emaar Properties (AED 22.4 billion).
The top 10 developers generated a combined total of AED 113.7 billion (widely reported in market summaries as AED 114 billion).
Modon’s top position was driven by the landmark launch of Hudayriyat Golf Estates, which achieved AED 13.0 billion in sales within days of launch—the largest single-project launch value in UAE history combined with instant sell-outs of Tara Park (Phases 1 & 2) on Reem Island.
The top three developers (Modon Holding, Emaar Properties, and DAMAC Properties) accounted for AED 61.4 billion, representing 54.0% of the entire sales volume generated by the top 10 firms.
Beyond (#10, AED 6.6B) operates as a dedicated luxury development arm under the Omniyat Group (#9, AED 6.7B). While tracked separately in official developer rankings, the combined Omniyat ecosystem generated AED 13.3 billion in H1 2026.
