diff --git a/sycl/cmake/modules/UnifiedRuntimeTag.cmake b/sycl/cmake/modules/UnifiedRuntimeTag.cmake
index 894dcd7defb76..fb924a700df1c 100644
--- a/sycl/cmake/modules/UnifiedRuntimeTag.cmake
+++ b/sycl/cmake/modules/UnifiedRuntimeTag.cmake
@@ -4,4 +4,4 @@
 # Date:   Wed Nov 13 13:26:08 2024 -0800
 # 
 #     Merge branch 'main' of https://github.com/oneapi-src/unified-runtime into ianayl/2way-prefetch
-set(UNIFIED_RUNTIME_TAG fb02dacf979036236cd047f115ef4e0058b09db6)
\ No newline at end of file
+set(UNIFIED_RUNTIME_TAG fb02dacf979036236cd047f115ef4e0058b09db6)
diff --git a/sycl/source/detail/scheduler/commands.cpp b/sycl/source/detail/scheduler/commands.cpp
index fb606dbb76915..16fad6595727b 100644
--- a/sycl/source/detail/scheduler/commands.cpp
+++ b/sycl/source/detail/scheduler/commands.cpp
@@ -3475,25 +3475,47 @@ ur_result_t ExecCGCommand::enqueueImpQueue() {
   case CGType::ProfilingTag: {
     assert(MQueue && "Profiling tag requires a valid queue");
     const auto &Adapter = MQueue->getAdapter();
+
+    bool IsInOrderQueue = MQueue->isInOrder();
+    ur_event_handle_t *TimestampDeps = nullptr;
+    size_t NumTimestampDeps = 0;
+
+    // If the queue is not in-order, the implementation will need to first
+    // insert a marker event that the timestamp waits for.
+    ur_event_handle_t PreTimestampMarkerEvent{};
+    if (!IsInOrderQueue) {
+      // FIXME: urEnqueueEventsWait on the L0 adapter requires a double-release.
+      //        Use that instead once it has been fixed.
+      //        See https://github.com/oneapi-src/unified-runtime/issues/2347.
+      Adapter->call<UrApiKind::urEnqueueEventsWaitWithBarrier>(
+          MQueue->getHandleRef(),
+          /*num_events_in_wait_list=*/0,
+          /*event_wait_list=*/nullptr, &PreTimestampMarkerEvent);
+      TimestampDeps = &PreTimestampMarkerEvent;
+      NumTimestampDeps = 1;
+    }
+
+    Adapter->call<UrApiKind::urEnqueueTimestampRecordingExp>(
+        MQueue->getHandleRef(),
+        /*blocking=*/false, NumTimestampDeps, TimestampDeps, Event);
+
     // If the queue is not in-order, we need to insert a barrier. This barrier
     // does not need output events as it will implicitly enforce the following
     // enqueue is blocked until it finishes.
-    if (!MQueue->isInOrder()) {
+    if (!IsInOrderQueue) {
+      // We also need to release the timestamp event from the marker.
+      Adapter->call<UrApiKind::urEventRelease>(PreTimestampMarkerEvent);
       // FIXME: Due to a bug in the L0 UR adapter, we will leak events if we do
       //        not pass an output event to the UR call. Once that is fixed,
       //        this immediately-deleted event can be removed.
-      ur_event_handle_t PreTimestampBarrierEvent{};
+      ur_event_handle_t PostTimestampBarrierEvent{};
       Adapter->call<UrApiKind::urEnqueueEventsWaitWithBarrier>(
           MQueue->getHandleRef(),
           /*num_events_in_wait_list=*/0,
-          /*event_wait_list=*/nullptr, &PreTimestampBarrierEvent);
-      Adapter->call<UrApiKind::urEventRelease>(PreTimestampBarrierEvent);
+          /*event_wait_list=*/nullptr, &PostTimestampBarrierEvent);
+      Adapter->call<UrApiKind::urEventRelease>(PostTimestampBarrierEvent);
     }
 
-    Adapter->call<UrApiKind::urEnqueueTimestampRecordingExp>(
-        MQueue->getHandleRef(),
-        /*blocking=*/false,
-        /*num_events_in_wait_list=*/0, /*event_wait_list=*/nullptr, Event);
     if (Event)
       MEvent->setHandle(*Event);
     return UR_RESULT_SUCCESS;
diff --git a/sycl/unittests/Extensions/ProfilingTag.cpp b/sycl/unittests/Extensions/ProfilingTag.cpp
index 7b18b9ba00e4e..394fba8497103 100644
--- a/sycl/unittests/Extensions/ProfilingTag.cpp
+++ b/sycl/unittests/Extensions/ProfilingTag.cpp
@@ -66,6 +66,8 @@ TEST_F(ProfilingTagTest, ProfilingTagSupportedDefaultQueue) {
       "urEnqueueTimestampRecordingExp", &after_urEnqueueTimestampRecordingExp);
   mock::getCallbacks().set_after_callback("urEventGetProfilingInfo",
                                           &after_urEventGetProfilingInfo);
+  mock::getCallbacks().set_after_callback(
+      "urEnqueueEventsWaitWithBarrier", &after_urEnqueueEventsWaitWithBarrier);
 
   sycl::context Ctx{sycl::platform()};
   sycl::queue Queue{Ctx, sycl::default_selector_v};
@@ -75,6 +77,39 @@ TEST_F(ProfilingTagTest, ProfilingTagSupportedDefaultQueue) {
 
   sycl::event E = sycl::ext::oneapi::experimental::submit_profiling_tag(Queue);
   ASSERT_EQ(size_t{1}, counter_urEnqueueTimestampRecordingExp);
+  // TODO: We expect two barriers for now, while marker events leak. Adjust when
+  //       addressed.
+  ASSERT_EQ(size_t{2}, counter_urEnqueueEventsWaitWithBarrier);
+
+  E.get_profiling_info<sycl::info::event_profiling::command_start>();
+  ASSERT_TRUE(LatestProfilingQuery.has_value());
+  ASSERT_EQ(*LatestProfilingQuery, UR_PROFILING_INFO_COMMAND_START);
+
+  E.get_profiling_info<sycl::info::event_profiling::command_end>();
+  ASSERT_TRUE(LatestProfilingQuery.has_value());
+  ASSERT_EQ(*LatestProfilingQuery, UR_PROFILING_INFO_COMMAND_END);
+}
+
+TEST_F(ProfilingTagTest, ProfilingTagSupportedInOrderQueue) {
+  mock::getCallbacks().set_after_callback("urDeviceGetInfo",
+                                          &after_urDeviceGetInfo<true>);
+  mock::getCallbacks().set_after_callback(
+      "urEnqueueTimestampRecordingExp", &after_urEnqueueTimestampRecordingExp);
+  mock::getCallbacks().set_after_callback("urEventGetProfilingInfo",
+                                          &after_urEventGetProfilingInfo);
+  mock::getCallbacks().set_after_callback(
+      "urEnqueueEventsWaitWithBarrier", &after_urEnqueueEventsWaitWithBarrier);
+
+  sycl::context Ctx{sycl::platform()};
+  sycl::queue Queue{
+      Ctx, sycl::default_selector_v, {sycl::property::queue::in_order()}};
+  sycl::device Dev = Queue.get_device();
+
+  ASSERT_TRUE(Dev.has(sycl::aspect::ext_oneapi_queue_profiling_tag));
+
+  sycl::event E = sycl::ext::oneapi::experimental::submit_profiling_tag(Queue);
+  ASSERT_EQ(size_t{1}, counter_urEnqueueTimestampRecordingExp);
+  ASSERT_EQ(size_t{0}, counter_urEnqueueEventsWaitWithBarrier);
 
   E.get_profiling_info<sycl::info::event_profiling::command_start>();
   ASSERT_TRUE(LatestProfilingQuery.has_value());
@@ -113,6 +148,38 @@ TEST_F(ProfilingTagTest, ProfilingTagSupportedProfilingQueue) {
   ASSERT_EQ(*LatestProfilingQuery, UR_PROFILING_INFO_COMMAND_END);
 }
 
+TEST_F(ProfilingTagTest, ProfilingTagSupportedProfilingInOrderQueue) {
+  mock::getCallbacks().set_after_callback("urDeviceGetInfo",
+                                          &after_urDeviceGetInfo<true>);
+  mock::getCallbacks().set_after_callback(
+      "urEnqueueTimestampRecordingExp", &after_urEnqueueTimestampRecordingExp);
+  mock::getCallbacks().set_after_callback("urEventGetProfilingInfo",
+                                          &after_urEventGetProfilingInfo);
+  mock::getCallbacks().set_after_callback(
+      "urEnqueueEventsWaitWithBarrier", &after_urEnqueueEventsWaitWithBarrier);
+
+  sycl::context Ctx{sycl::platform()};
+  sycl::queue Queue{Ctx,
+                    sycl::default_selector_v,
+                    {sycl::property::queue::enable_profiling(),
+                     sycl::property::queue::in_order()}};
+  sycl::device Dev = Queue.get_device();
+
+  ASSERT_TRUE(Dev.has(sycl::aspect::ext_oneapi_queue_profiling_tag));
+
+  sycl::event E = sycl::ext::oneapi::experimental::submit_profiling_tag(Queue);
+  ASSERT_EQ(size_t{1}, counter_urEnqueueTimestampRecordingExp);
+  ASSERT_EQ(size_t{0}, counter_urEnqueueEventsWaitWithBarrier);
+
+  E.get_profiling_info<sycl::info::event_profiling::command_start>();
+  ASSERT_TRUE(LatestProfilingQuery.has_value());
+  ASSERT_EQ(*LatestProfilingQuery, UR_PROFILING_INFO_COMMAND_START);
+
+  E.get_profiling_info<sycl::info::event_profiling::command_end>();
+  ASSERT_TRUE(LatestProfilingQuery.has_value());
+  ASSERT_EQ(*LatestProfilingQuery, UR_PROFILING_INFO_COMMAND_END);
+}
+
 TEST_F(ProfilingTagTest, ProfilingTagFallbackDefaultQueue) {
   mock::getCallbacks().set_after_callback("urDeviceGetInfo",
                                           &after_urDeviceGetInfo<false>);