Emaar Properties PJSC (EMAAR), a leading real estate developer based in the UAE, is known for shaping the iconic skyline of Dubai and delivering world-class residential, commercial, and leisure developments. The company is involved in property investment, development, management, and leasing across multiple sectors, including shopping malls, hospitality, and utility services. Emaar has also made significant investments in financial services providers and continues to expand its international presence.
Segments of Operation
- Real Estate: Emaar is engaged in developing, selling, and managing a wide range of residential and commercial properties, including villas, condominiums, and land plots.
- Leasing, Retail & Related Activities: The company develops, leases, and manages malls, retail, commercial, and residential spaces.
- Hospitality: Emaar develops, owns, and manages hotels, serviced apartments, and offers leisure services through its hospitality ventures.
Key Subsidiaries
- Emaar Hospitality Group
- Emaar Malls Group
- Emaar International LLC
- Emaar Misr (Egypt)
Flagship Projects
- Burj Khalifa: The world’s tallest building, a global icon in Dubai.
- The Dubai Mall: The world’s largest shopping mall, attracting millions of visitors each year.
- Downtown Dubai: Emaar’s signature development, encompassing Burj Khalifa and The Dubai Mall as part of the master-planned community.
Financial Performance
Emaar reported a market valuation of $16.8 billion in August 2023, with a Net Asset Value of $37.6 billion (AED 138.1 billion) as of December 2022. The company has played a key role in driving the economic development of Dubai through large-scale infrastructure projects, luxury real estate, and innovative retail solutions.
Global Presence
Emaar’s influence extends far beyond the UAE, with property developments in countries like Pakistan, India, Egypt, Lebanon, Turkey, Morocco, Jordan, and Saudi Arabia. Notable international projects include Crescent Bay in Karachi, Marassi in Sidi Abdel Rahman, and Emaar Square in Istanbul.
History
Founded in 1997 by Mohammed Alabbar, Emaar went public in 2000 and became listed on the Dubai Financial Market. The company has since built several monumental developments, including the iconic Burj Khalifa and The Dubai Mall, which have helped define the city of Dubai and placed Emaar at the forefront of the global real estate industry.
Planned IPO & Future Projects
Emaar continues to expand its portfolio with the development of new projects like the Opera District and The Address Residences in Downtown Dubai. The company’s global presence and expansion into emerging markets remain central to its future growth strategy.
Country of Incorporation
United Arab Emirates (UAE)
Incorporation Date
July 29, 1997
Business Sector
Real Estate
Company Address
Level 7, Emaar Business Park 1, Dubai Hills Estate, Dubai, UAE
