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About the company

Emaar Properties stands as a premier property developer in the UAE, with its inception dating back to 1997, aimed at bolstering the construction landscape of the nation. Primarily focusing on luxury property developments globally, Emaar has earned acclaim for its array of residential, commercial, and hospitality projects. While its footprint spans across the globe, its core operations remain rooted in the United Arab Emirates, particularly in Dubai and Abu Dhabi. Listed on the Dubai Financial Market as a Public Joint Stock Company, Emaar Properties boasts its headquarters in Dubai.

Founded by Mohamed Alabbar, a luminary with extensive involvement in tourism and construction, Emaar traces its origins to his visionary leadership. Alabbar’s prior roles, including directorship at Al Khaleej Investments in Singapore and economic advisement to His Highness Sheikh Mohammed bin Rashid Al Maktoum, laid the groundwork for Emaar’s international expansion and monumental achievements, exemplified by iconic projects like the Burj Khalifa. As of 2021, Mohamed Alabbar serves as the Managing Director, alongside Jamal Bin Theniyah as Chairman and Ahmed Jawa as Vice Chairman. Leading the company as CEO is Amit Jain.

In 2004, Emaar embarked on its international journey with the establishment of Emaar International LLC, now encompassing over 60 subsidiaries and operating across 36 diverse markets spanning North America, Europe, North Africa, and the Middle East. With projects at various stages of development in countries such as Turkey, Egypt, India, Saudi Arabia, Morocco, Syria, Pakistan, and the United States, Emaar Properties continues to redefine skylines globally. Notable endeavors include Jeddah Gate in Saudi Arabia, Beit Misk in Lebanon, Tuscan Valley in Turkey, and Samarah Dead Sea Resort in Jordan. In 2015, Emaar expanded its portfolio to Bahrain and Nigeria, further solidifying its status as a trailblazer in the real estate industry.


Best Properties by Emaar Properties

Emaar Properties was set up with an initial capital of USD 274 million and now has a net profit of AED 2.617 billion (2020). The total sales backlog in 2020 was AED 36.617 billion with AED 24.738 in the UAE. Property sales accounted for AED 10.9 billion with AED 6.321 billion made in the UAE alone. Emaar Properties has handed over more than 72,000 residential units in 2020.

In the first half of 2021, net profit was AED 1.56 billion compared to AED 1.68 billion in the first half of 2020. A record AED 16.84 billion in real estate sales were recorded during the H1 of the current year. This is a 229% increase over the first half of 2020 with sales of AED 5.12 billion.

In addition, over 26,000 units are now currently under development in the UAE. On the international markets 12,000 units are currently in development. Some of the most anticipated off-plan properties by Emaar Properties that are currently under construction include:

  • Collective 2.0 (Q1 2022)
  • The Grand (Q2 2022)
  • Palace Residences (Q1 2024)
  • Creek Edge (Q4 2022)
  • Act One | Act Two (Q3 2022)

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