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DUBAI, UAE, June 11, 2025 /PRNewswire/ -- Emaar Properties PJSC (DFM: EMAAR), one of the world's most valuable and respected real estate development companies, has announced that both S&P Global Ratings and Moody's Ratings have upgraded the company's long-term issuer credit ratings, reinforcing Emaar's position as a financially resilient and strategically agile market leader.
S&P Global Ratings upgraded its long-term issuer credit rating to BBB+ from BBB, while Moody's upgraded Emaar's long-term issuer rating to Baa1 from Baa2, both with stable outlooks. These upgrades reflect Emaar's robust financial fundamentals, consistent performance, and sound strategic direction.
The same S&P and Moody's rating upgrade has been applied to Emaar's senior unsecured debt.
As of March 2025, Emaar reported a revenue backlog of approximately US$ 34.6 billion, providing strong revenue and cash flow visibility through 2028. The company's recurring income portfolio continues to expand, supported by disciplined execution, resilient operations, and diversified income streams.
S&P's upgrade was driven by Emaar's record-high backlog of US$ 29.9 billion as of December 2024, and healthy presales in the UAE of US$ 17.8 billion during 2024, alongside a net cash position, low leverage, and strong adjusted EBITDA margins.
Moody's highlighted significant reduction in adjusted debt of Emaar from 2020 to March 2025 and the drop in debt-to-equity ratio over the same period.
Mohamed Alabbar, Founder of Emaar, said: "We are proud to receive this recognition from both S&P and Moody's, which underscores the strength of our strategy, the quality of our assets, and the discipline we maintain in financial management. These upgrades reflect not only our performance, but also the confidence in Dubai's economy and real estate market. We will continue to pursue sustainable growth, innovation, and value creation for our shareholders and stakeholders alike."
Emaar reported an interest coverage ratio of approximately 24 times for the year ending March 2025 and holds US$ 6.9 billion in cash (excluding escrow balances), along with US$ 2 billion in undrawn committed credit facilities, providing ample liquidity and financial flexibility.
S&P noted that Emaar's strong mall, hospitality, and entertainment operations, in addition to the resilience of its real estate development business, contributed to the rating action. Dubai Mall recorded over 111 million visitors in 2024, with overall mall portfolio occupancy of 98.5%.
These dual upgrades reinforce Emaar's reputation as a leading player in the global real estate sector.
Photo - https://mma.prnasia.com/media2/2708478/DOWNTOWN_DUBAI.jpg?p=medium600
Logo - https://mma.prnasia.com/media2/1955121/5364902/Emaar_Logo.jpg?p=medium600
DUBAI, UAE, June 11, 2025 /PRNewswire/ -- Emaar Properties PJSC (DFM: EMAAR), one of the world's most valuable and respected real estate development companies, has announced that both S&P Global Ratings and Moody's Ratings have upgraded the company's long-term issuer credit ratings, reinforcing Emaar's position as a financially resilient and strategically agile market leader.
S&P Global Ratings upgraded its long-term issuer credit rating to BBB+ from BBB, while Moody's upgraded Emaar's long-term issuer rating to Baa1 from Baa2, both with stable outlooks. These upgrades reflect Emaar's robust financial fundamentals, consistent performance, and sound strategic direction.
The same S&P and Moody's rating upgrade has been applied to Emaar's senior unsecured debt.
As of March 2025, Emaar reported a revenue backlog of approximately US$ 34.6 billion, providing strong revenue and cash flow visibility through 2028. The company's recurring income portfolio continues to expand, supported by disciplined execution, resilient operations, and diversified income streams.
S&P's upgrade was driven by Emaar's record-high backlog of US$ 29.9 billion as of December 2024, and healthy presales in the UAE of US$ 17.8 billion during 2024, alongside a net cash position, low leverage, and strong adjusted EBITDA margins.
Moody's highlighted significant reduction in adjusted debt of Emaar from 2020 to March 2025 and the drop in debt-to-equity ratio over the same period.
Mohamed Alabbar, Founder of Emaar, said: "We are proud to receive this recognition from both S&P and Moody's, which underscores the strength of our strategy, the quality of our assets, and the discipline we maintain in financial management. These upgrades reflect not only our performance, but also the confidence in Dubai's economy and real estate market. We will continue to pursue sustainable growth, innovation, and value creation for our shareholders and stakeholders alike."
Emaar reported an interest coverage ratio of approximately 24 times for the year ending March 2025 and holds US$ 6.9 billion in cash (excluding escrow balances), along with US$ 2 billion in undrawn committed credit facilities, providing ample liquidity and financial flexibility.
S&P noted that Emaar's strong mall, hospitality, and entertainment operations, in addition to the resilience of its real estate development business, contributed to the rating action. Dubai Mall recorded over 111 million visitors in 2024, with overall mall portfolio occupancy of 98.5%.
These dual upgrades reinforce Emaar's reputation as a leading player in the global real estate sector.
Photo - https://mma.prnasia.com/media2/2708478/DOWNTOWN_DUBAI.jpg?p=medium600
Logo - https://mma.prnasia.com/media2/1955121/5364902/Emaar_Logo.jpg?p=medium600
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
S&P and Moody's Upgrade Emaar's Credit Ratings, Citing Strong Financial Performance and Robust Revenue Visibility
- The iconic Yas Marina Circuit included in Gran Turismo 7, for PlayStation 4 and 5, offering global players the chance to explore and race the emirate's flagship track
- Announcement made during the Gran Turismo World Series 2025 World Finals in Fukuoka, Japan
ABU DHABI, UAE, Dec. 20, 2025 /PRNewswire/ -- For the first time in the Middle East, Abu Dhabi will host the Gran Turismo World Series 2026 opening event, scheduled for 28th of March 2026 at the Space42 Arena. The landmark event will bring together the world's top Gran Turismo drivers to compete in an elite live championship, engaging fans in the emirate and highlighting Abu Dhabi's esports capabilities to millions worldwide.
The announcement was made during the Gran Turismo World Series 2025 World Finals at the Fukuoka International Congress Centre in Japan, where H.E. Saeed Al Fazari, Executive Director of Strategic Affairs at the Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi), took the stage to share the news.
The Gran Turismo World Series 2026 opening event is organised by Polyphony Digital Inc, a subsidiary of Sony Interactive Entertainment, the developer and publisher of the Gran Turismo series, and Abu Dhabi Gaming, an initiative led by DCT Abu Dhabi that coordinates efforts to transform the emirate into a global gaming hub.
H.E. Al Fazari said: "Hosting the Gran Turismo World Series opener is a proud moment for Abu Dhabi and the wider MENA region, reflecting our ambition to be a destination where possibilities are limitless. It marks a significant milestone for our esports and motorsport sectors, bringing elite global competition to the emirate and showcasing Abu Dhabi's proven capability to deliver world-leading esports and motorsport experiences. Abu Dhabi continues to offer a secure, future-ready environment for businesses, investors and talent, supporting our vision to become a global hub for innovation, entertainment, gaming and motorsport."
The Gran Turismo World Series is an annual competition to determine the world's best Gran Turismo player, comprising online qualifiers open to all players and live World Series events in which top racers travel to iconic destinations worldwide to compete.
Kazunori Yamauchi, Gran Turismo series producer., said: "We are thrilled to see Abu Dhabi host the 2026 Gran Turismo World Series opener in March 2026, marking the first time the event will be held in the Middle East. This is a historic milestone for our championship and a testament to the region's growing presence in global motorsport and esports. Additionally, we are delighted that Yas Marina Circuit, one of the world's most distinctive motorsport venues, is now available in Gran Turismo 7. Our aim has always been to connect players with the thrill and heritage of racing, and Yas Marina offers a unique experience that will resonate with motorsport fans and the gaming community worldwide."
The Yas Marina Circuit's inclusion in Gran Turismo 7 further extends Abu Dhabi's motorsport legacy into the digital arena, creating new opportunities for global audiences to connect with the emirate's culture of competitive excellence.
"This announcement marks an exciting moment for motorsports and esports fans in this region and the world, and positions Abu Dhabi Gaming at the forefront of the global sim racing conversation, reflecting our role as a connector of world-class partners and opportunities," said Marcos Muller‑Habig, Sector Enablement Director at Abu Dhabi Gaming. "As we continue to drive the emirate's vision to become a premier global destination and a leading hub for the gaming and esports industries, events like the Gran Turismo World Series 2026 become catalysts for growth and a key milestone in our journey to build an ecosystem that empowers talent, attracts partnerships and accelerates business development."
Gran Turismo, developed by Polyphony Digital Inc., a subsidiary of Sony Interactive Entertainment, is regarded as one of the most visually and dynamically accurate driving simulators available, recently surpassing 100 million sales of the series.
For more information about Gran Turismo World Series 2026 Opener in Abu Dhabi and tickets, please visit www.ticketmaster.ae/event/1588346815.
For more information about Abu Dhabi Gaming, follow Abu Dhabi Gaming on Instagram, YouTube and Twitch.
ABU DHABI, UAE, Dec. 20, 2025 /PRNewswire/ -- For the first time in the Middle East, Abu Dhabi will host the Gran Turismo World Series 2026 opening event, scheduled for 28th of March 2026 at the Space42 Arena. The landmark event will bring together the world's top Gran Turismo drivers to compete in an elite live championship, engaging fans in the emirate and highlighting Abu Dhabi's esports capabilities to millions worldwide.
The announcement was made during the Gran Turismo World Series 2025 World Finals at the Fukuoka International Congress Centre in Japan, where H.E. Saeed Al Fazari, Executive Director of Strategic Affairs at the Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi), took the stage to share the news.
The Gran Turismo World Series 2026 opening event is organised by Polyphony Digital Inc, a subsidiary of Sony Interactive Entertainment, the developer and publisher of the Gran Turismo series, and Abu Dhabi Gaming, an initiative led by DCT Abu Dhabi that coordinates efforts to transform the emirate into a global gaming hub.
H.E. Al Fazari said: "Hosting the Gran Turismo World Series opener is a proud moment for Abu Dhabi and the wider MENA region, reflecting our ambition to be a destination where possibilities are limitless. It marks a significant milestone for our esports and motorsport sectors, bringing elite global competition to the emirate and showcasing Abu Dhabi's proven capability to deliver world-leading esports and motorsport experiences. Abu Dhabi continues to offer a secure, future-ready environment for businesses, investors and talent, supporting our vision to become a global hub for innovation, entertainment, gaming and motorsport."
The Gran Turismo World Series is an annual competition to determine the world's best Gran Turismo player, comprising online qualifiers open to all players and live World Series events in which top racers travel to iconic destinations worldwide to compete.
Kazunori Yamauchi, Gran Turismo series producer., said: "We are thrilled to see Abu Dhabi host the 2026 Gran Turismo World Series opener in March 2026, marking the first time the event will be held in the Middle East. This is a historic milestone for our championship and a testament to the region's growing presence in global motorsport and esports. Additionally, we are delighted that Yas Marina Circuit, one of the world's most distinctive motorsport venues, is now available in Gran Turismo 7. Our aim has always been to connect players with the thrill and heritage of racing, and Yas Marina offers a unique experience that will resonate with motorsport fans and the gaming community worldwide."
The Yas Marina Circuit's inclusion in Gran Turismo 7 further extends Abu Dhabi's motorsport legacy into the digital arena, creating new opportunities for global audiences to connect with the emirate's culture of competitive excellence.
"This announcement marks an exciting moment for motorsports and esports fans in this region and the world, and positions Abu Dhabi Gaming at the forefront of the global sim racing conversation, reflecting our role as a connector of world-class partners and opportunities," said Marcos Muller‑Habig, Sector Enablement Director at Abu Dhabi Gaming. "As we continue to drive the emirate's vision to become a premier global destination and a leading hub for the gaming and esports industries, events like the Gran Turismo World Series 2026 become catalysts for growth and a key milestone in our journey to build an ecosystem that empowers talent, attracts partnerships and accelerates business development."
Gran Turismo, developed by Polyphony Digital Inc., a subsidiary of Sony Interactive Entertainment, is regarded as one of the most visually and dynamically accurate driving simulators available, recently surpassing 100 million sales of the series.
For more information about Gran Turismo World Series 2026 Opener in Abu Dhabi and tickets, please visit www.ticketmaster.ae/event/1588346815.
For more information about Abu Dhabi Gaming, follow Abu Dhabi Gaming on Instagram, YouTube and Twitch.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Abu Dhabi to Host 2026 Gran Turismo World Series Opener for the First Time in the Middle East
Abu Dhabi to Host 2026 Gran Turismo World Series Opener for the First Time in the Middle East
