UAE Firms See Q2 Profits Climb 28.6% Driven by Banking and Real Estate
Publicly traded companies across Abu Dhabi and Dubai delivered a stellar performance in the second quarter of 2026, recording a combined net profit of Dh79.2 billion. According to data from Kamco Invest, this represents a significant 28.6% increase compared to the same period last year. Abu Dhabi led this impressive growth trend, with its listed firms seeing profits jump by 41.8%, while Dubai-based companies posted a steady 4.9% gain. This overall resilience highlights the strength of the UAE's corporate sector despite ongoing regional geopolitical instability.
The momentum was largely fueled by robust activity in the banking, real estate, and capital goods sectors. In Abu Dhabi, major players like First Abu Dhabi Bank and International Holding Company were key contributors, while Dubaiâs market was heavily propped up by the real estate giant Emaar Properties and major lenders like Emirates NBD. This regional success mirrored a broader trend across the GCC, where total net profits reached a record $74.8 billion. The surge was further supported by a 27% increase in average Brent crude prices, which bolstered energy company earnings and solidified the region's overall financial health heading into the second half of the year.