Emaar Properties

An Emirati multinational real estate development company located in the United Arab Emirates. It is a public joint-stock company, listed on the Dubai Financial Market, and has a valuation of US$15.5 billion as of June 2021

Categories

Financial and Banking  
Summary

Emaar Properties is a renowned real estate development company based in Dubai, United Arab Emirates. Established in 1997, Emaar has played a significant role in shaping the city's skyline and has gained global recognition for its iconic projects.

The company focuses on creating integrated communities that offer a diverse range of properties, including residential, commercial, and hospitality developments. Emaar is known for its commitment to excellence in design, quality construction, and attention to detail.

Emaar's portfolio boasts numerous groundbreaking projects, with some of the most notable being Burj Khalifa, the tallest building in the world, and The Dubai Mall, one of the largest shopping centers globally. These developments, along with many others, have contributed to Dubai's status as a global destination.

In addition to its domestic projects, Emaar has expanded its footprint internationally, undertaking developments in several countries, including Egypt, Saudi Arabia, Turkey, and India. This global presence has reinforced Emaar's reputation as a leading real estate developer on a global scale.

Emaar's success can be attributed to its strong leadership, innovative approach, and commitment to customer satisfaction. The company strives to create exceptional living experiences by incorporating world-class amenities, sustainable practices, and cutting-edge technology into its developments.

Furthermore, Emaar has diversified its business beyond real estate development, venturing into other sectors such as hospitality, retail, leisure, and entertainment. Emaar Hospitality Group manages a portfolio of world-class hotels and resorts, while Emaar Entertainment offers a range of entertainment and leisure experiences.

Emaar Properties has received numerous accolades and awards for its exceptional projects, architectural design, and commitment to sustainability. The company's contributions have not only transformed skylines but have also significantly contributed to the economic growth and development of Dubai and other markets it operates in.

In summary, Emaar Properties is a leading real estate development company known for its iconic projects, innovative approach, and commitment to creating exceptional communities. With its global presence and diverse portfolio, Emaar continues to shape the world of real estate and contribute to the growth and development of cities worldwide.


History

Emaar Properties has a notable history that spans several decades, characterized by its growth, iconic projects, and significant contributions to the real estate industry. Here is an overview of the company's history:

Formation and Early Years:

  • Emaar Properties was founded in 1997 by Mohamed Alabbar, a prominent Emirati businessman and visionary.
  • The company was established with the vision of transforming Dubai's skyline and creating world-class real estate developments.

Landmark Projects:

  • In 2001, Emaar unveiled its most iconic project, Burj Khalifa, which would later become the tallest building in the world. Burj Khalifa serves as a symbol of Dubai's ambition and has become a global landmark.
  • Emaar also developed The Dubai Mall, one of the world's largest shopping and entertainment destinations, located adjacent to Burj Khalifa.

Integrated Communities:

  • Emaar is known for its creation of integrated communities that provide a comprehensive living experience. Developments such as Emirates Living, Arabian Ranches, and Downtown Dubai exemplify this approach.
  • These communities feature a mix of residential, commercial, retail, and leisure components, designed to offer residents a complete lifestyle within a self-sustaining environment.

International Expansion:

  • Emaar expanded its operations beyond Dubai, venturing into international markets to develop projects of global significance.
  • The company undertook projects in countries such as Saudi Arabia, Egypt, Turkey, India, and the United States, further establishing its presence as a global real estate developer.

Diversification and Expansion into Other Sectors:

  • Emaar diversified its business beyond real estate development, expanding into other sectors such as hospitality, retail, leisure, and entertainment.
  • Emaar Hospitality Group manages a portfolio of luxury hotels and resorts, while Emaar Entertainment offers a range of entertainment and leisure experiences, including world-class attractions and cinemas.

Sustainability and Corporate Social Responsibility:

  • Emaar has been committed to sustainability and incorporating eco-friendly practices in its developments. The company focuses on energy efficiency, green building standards, and environmentally conscious designs.
  • Emaar is also actively engaged in corporate social responsibility initiatives, supporting education, healthcare, and community development programs.

Mission

As of my knowledge cutoff in September 2021, Emaar Properties' mission is to be a global leader in real estate development, known for delivering exceptional projects that shape cities and provide a superior quality of life. The company aims to achieve its mission through the following key elements:

Iconic Developments: Emaar is committed to creating iconic developments that redefine skylines and become landmarks in their respective cities. These projects aim to inspire and captivate, leaving a lasting impression on the urban fabric and cultural identity of the communities they serve.

Integrated Communities: Emaar focuses on developing integrated communities that offer a holistic living experience. These communities encompass residential, commercial, retail, and leisure components, designed to foster a sense of belonging, convenience, and vibrancy for residents and visitors alike.

Innovation and Design Excellence: Emaar emphasizes innovation and design excellence in all its projects. The company aims to push boundaries, challenge conventions, and pioneer new architectural and technological advancements that enhance the overall quality, sustainability, and functionality of its developments.

Customer Centricity: Emaar places a strong emphasis on customer satisfaction and aims to exceed the expectations of its customers. The company strives to understand and anticipate their evolving needs, delivering projects and services that align with their lifestyle preferences, aspirations, and desires.

Sustainable Development: Emaar is committed to sustainable development practices that minimize environmental impact and promote long-term social and economic well-being. The company integrates sustainable design, energy efficiency, and responsible construction methods into its projects to create greener, more livable communities.

Corporate Citizenship: Emaar is dedicated to being a responsible corporate citizen. The company actively engages in corporate social responsibility initiatives, supporting educational, cultural, and community development programs that benefit the societies in which it operates.

 


Vision

Emaar Properties' vision is to be a global provider of premier lifestyles, pioneering innovative and sustainable solutions that enrich the lives of individuals and communities. The company's vision encompasses several key elements:

Global Leadership: Emaar aspires to be a global leader in the real estate industry, recognized for its exceptional projects and contributions to shaping cities around the world. The company aims to be at the forefront of innovation, design, and development, setting new benchmarks for excellence and quality.

Premier Lifestyles: Emaar is dedicated to creating premier lifestyles for residents and visitors alike. The company envisions developments that offer a comprehensive range of amenities, services, and experiences, elevating the quality of life and providing residents with a sense of luxury, convenience, and fulfillment.

Innovation and Sustainability: Emaar places a strong emphasis on innovation and sustainability. The company envisions being at the forefront of technological advancements, pioneering new solutions, and incorporating sustainable practices into its developments. Emaar aims to create environmentally friendly, energy-efficient, and socially responsible communities that enhance the well-being of both present and future generations.

Enriching Lives: Emaar aims to enrich the lives of individuals and communities by creating inspiring environments that foster connection, engagement, and happiness. The company envisions developments that go beyond mere physical structures, providing spaces that promote social interaction, cultural diversity, and a sense of belonging.

Integrated Development: Emaar's vision encompasses the concept of integrated development, where residential, commercial, retail, and leisure components seamlessly blend together. The company envisions creating self-sustaining communities that offer a complete living experience, catering to all aspects of residents' needs and desires.

Customer Satisfaction: Emaar is committed to exceeding customer expectations and ensuring their satisfaction. The company envisions delivering projects and services that align with the unique preferences, aspirations, and lifestyles of its customers. Emaar aims to create lasting relationships, building trust and loyalty through its commitment to quality and excellence.


Key Team

Amit Jain ( Group CEO)

Hadi Badri (Chief Commercial Officer)

Arif Amiri (Chief Executive Officer, Dubai International Financial Centre (DIFC))

Adnan Kazim (Chief Commercial Officer, Emaar Hospitality Group)

Hesham Abdulla Al Qassim (Vice Chairman)

Ahmad Thani Al Matrooshi (Managing Director)


Products and Services

Emaar Properties offers a diverse range of products and services in the real estate sector, catering to residential, commercial, retail, and hospitality needs. Here are the key offerings provided by Emaar:

Residential Developments: Emaar is known for its exceptional residential projects, offering a variety of options to suit different preferences and lifestyles. These include luxurious villas, townhouses, apartments, and penthouses in vibrant and well-planned communities. Emaar's residential developments often feature high-quality construction, innovative designs, and a host of amenities and facilities.

Commercial Developments: Emaar develops commercial properties, providing office spaces and business parks for various industries. These developments offer modern, well-designed workspaces that cater to the needs of businesses, entrepreneurs, and multinational companies. Emaar's commercial projects often feature state-of-the-art infrastructure, smart technologies, and convenient locations.

Retail and Entertainment: Emaar is actively involved in the development of retail and entertainment destinations. The company has created iconic shopping malls and lifestyle centers such as The Dubai Mall, Dubai Marina Mall, and Dubai Festival City Mall. These destinations provide a wide range of retail outlets, entertainment venues, dining options, and leisure activities, creating vibrant and engaging environments for visitors.

Hospitality and Hotels: Emaar has a strong presence in the hospitality industry, managing a portfolio of luxury hotels and resorts. The company's hospitality arm, Emaar Hospitality Group, operates properties under different brands, including Address Hotels + Resorts, Vida Hotels and Resorts, and Rove Hotels. Emaar's hospitality offerings cater to business travelers, tourists, and residents, providing world-class accommodation, dining experiences, and leisure facilities.

Integrated Lifestyle Communities: Emaar is renowned for its integrated lifestyle communities, which combine residential, commercial, retail, and recreational elements into self-contained developments. These communities offer a comprehensive range of amenities, including parks, schools, healthcare facilities, sports facilities, and community centers. Emaar's integrated communities are designed to create a complete living experience, promoting a sense of community and providing convenience to residents.

Leisure and Entertainment Experiences: Emaar's portfolio extends to leisure and entertainment experiences. The company operates entertainment attractions and leisure facilities, including theme parks, water parks, golf courses, and entertainment venues. Emaar aims to provide residents and visitors with engaging and immersive leisure experiences that complement its residential and commercial developments.


References

Emaar Properties PJSC | IBM 

Emaar Properties PJSC | Fitchratings|

Dubai's Emaar Properties posts better than expected profit leap | Reuters

Unleashing Potential: Emaar Business District 75A - A Visionary Project By Emaar Properties PJSC | Timesproperty.

Sovereign wealth funds own 22% of Emaar Properties PJSC (DFM:EMAAR) shares but individual investors control 54% of the company | Simplywall

Emaar Properties’ BoD approves the distribution of $599mln cash dividends to shareholders for 2022 | Zawya

Delhi Police summons Emaar MD for questioning on Friday in forgery case | Indiatimes

Emaar is “the number one property brand in the world” says founder Mohamed Alabbar | Constructionweekonline

Dubai's Emaar Properties posts better than expected profit leap | Nasdaq

Emaar Hospitality to add 8 new properties across Mena | Hospitalitynet

Emaar Properties announces $9.5bn record sales | Arabianbusiness

Real estate fraud case: Emaar India Ltd officials appear before Delhi Police EOW | Moneycontrol 

Emaar Properties net profit up 43% in Q1 2023 as sales touch Dh9.2 billion | Gulfnews

Emaar records net profit rise of 43% to Dhs3.2bn for Q1 2023 | Gulfnews

Real estate fraud case: Emaar officials appear before Delhi Police's EOW | Business Standard

Dubai's Emaar Properties posts 80% surge in 2022 profit on record sales | Thenationalnews

BUSINESS Emaar reports $9.5bn in real estate sales for the company in 2022 | Constructionweekonline

‘We are in this for the long haul – we will even come and paint your door,’ says Emaar founder Mohamed Alabbar | Arabianbusiness

Emaar Properties' net profit rises 46% to $408.40 million in Q3 2022 | Indiatimes

Dubai Mall owner Emaar to discuss selling its e-commerce business | Reuters

Emaar Properties
Leadership team

Jamal Bin Theniyah (Chairman )

Ahmed Jawa (Vice-Chairman )

Industries

Financial and Banking

Products/ Services
Commercial and residential property development
Number of Employees
1,000 - 20,000
Headquarters
Level 7, Emaar Business Park 1. Dubai Hills Estate
Established
1997
Company Registration
800 EMAAR (36227)
Net Income
1B - 20B
Social Media

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Mon Feb 26 2024
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