Emaar Properties is a leading real estate development company headquartered in Dubai, UAE. Emaar Properties is among the most admired and valuable real estate development companies in the world with a net asset value of AED 150.23 Billion (USD 40.90 Billion) as of September 2024.
Founded in 1997 by Mohamed Alabbar, Emaar Properties has played a pivotal role in shaping the modern skyline of Dubai. The company went public in 2000, becoming the first property company to offer shares to foreign nationals. Over the years, Emaar has expanded its footprint internationally, undertaking projects in Africa, Asia, North America, and the Middle East.
For the first nine months of 2024, Emaar Properties reported total revenues of AED 23.8 Billion (approximately $6.5 Billion USD) and a net income of AED 8.523 Billion (approximately $2.3 Billion USD). The company continues to be a major player in the real estate market, with a strong financial performance and a strong portfolio of properties.
Emaar Properties is known for several iconic projects. These include the Burj Khalifa, which is the tallest building in the world at 828 meters. Another notable project is The Dubai Mall, the largest mall globally, attracting millions of visitors every year. Emaar has also developed Dubai Marina, a master-planned community offering luxurious living spaces. Additionally, they developed Arabian Ranches, a desert-themed community that features an 18-hole championship golf course and provides a family-friendly atmosphere with beautifully designed villas. The Dubai Fountain, another remarkable project, features 6,600 lights and 25 coloured projectors. It stretches 275 meters (902 feet) long and shoots water up to 500 feet (152.4 meters) high.
Emaar Properties has received numerous awards for its outstanding achievements in real estate development. In 2024, the company was named the Sustainable Facility Management Organization of the Year at the MENA Green Building Awards and won the Developer of the Year award at the Arabian Business Achievement Awards. Emaar also received the LEED Platinum Certification for Operations and Maintenance of Existing Buildings in 2024, showing its dedication to being environmentally friendly. In 2023, Emaar was recognised with the FM Mobilisation of the Year award at the Facilities Management Awards in the Middle East, highlighting its excellent facilities management.
Emaar Properties is dedicated to sustainability and environmental responsibility. The company actively uses new technologies and materials to reduce its environmental impact, including the use of solar panels and water conservation measures. Through the Emaar Foundation, Emaar drives and coordinates the group's corporate social responsibility efforts. The foundation focuses on supporting education, healthcare, and community development initiatives, showcasing Emaar's commitment to making a positive impact on society.
Emaar Properties continues to expand its portfolio with several upcoming projects, including:
