Emaar Properties

1997

208

Dubai

Overview of Emaar Properties

Emaar Properties is one of the famous names in real estate development in the UAE, covering various emirates, including Dubai and Abu Dhabi. Burj Khalifa, the world’s tallest building, is the masterpiece of this market leader. According to Emaar’s mission statement, the main goal behind its dynamic portfolio is to provide a luxurious lifestyle and to turn Dubai into a global destination.

History of Emaar Properties

In 1997, Mohamed Alabbar was the business tycoon behind the foundation of one of Dubai’s leading real estate companies. This company serves as a pioneer in real estate development, offering shares to foreign investors after its listing in the Dubai Financial Market in 2000. In 2004, it diversified its portfolio by including various African and Asian countries under the name of Emaar International LLC.

Key Personnel

Fahd Al-Rasheed is the CEO, and Hesham Heikal is its Group Chief Financial Officer, managing all its cash flow, financial analysis, etc. Ahmed Bin Jamal Bin Hassan Jawa is the Vice Chairman of the Executive Board, and Mohamed Ali Rashed Alabbar is working as its Managing Director of the Executive Board.

Major Offerings

Some of its mega projects that are playing a key role in the economic growth of Dubai include Dubai Mall, Dubai Marina, Dubai Creek HArbour, The Dubai Fountain, etc. It is redefining Dubai’s economic landscape with innovative and versatile projects covering both residential and commercial properties. With a commitment to quality and excellence, this Emirati multinational company is also behind multiple projects based on shopping malls, hospitality, leisure, etc, in Dubai and its neighborhoods.

Why Choose Emaar Properties

Emaar’s projects are best for starting your dream life or having a strong economic presence in terms of facilities, amenities, modern architecture, strategic positions, and higher connectivity. Along with the end-users, Emaar Properties is highly committed to its shareholders, offering high returns on investments and superior value addition.

Financial Strength and Market Position

Emaar Properties has a significant market share of the real estate industry with its high financial performance over the years, Check out its financial stability with the following stats representing the first quarter of 2024:

This market leader achieved the highest sales revenue of around US$3.7 billion.
The net profit before tax increased by 16 % compared to last year’s first quarter.
The property sales increased by 47 percent compared to last year’s first quarter.
The revenue backlog increased by 9 percent, which shows future revenue and growth.
Based on the latest financial reports, the net assets are around $24.22 B.

These financials and revenue growth make Emaar Properties a strong pillar in Dubai with its high economic impact. Its ambition for modern residential and commercial properties is behind its competitive edge in the real estate market.

Contact Information and Customer Support

Head Office:
Dubai

Level 7, Emaar Business Park 1

Dubai Hills Estate