Emaar Dubai is a leading real estate developer in Dubai, UAE, offering a range of residential and commercial properties to meet different needs and preferences. The company has established itself as one of the world’s most valuable real estate development companies, with a net asset value of 138.1 billion AED (37.6 billion USD) as of December 2022. Emaar Dubai has shaped the landscapes and lives in the Emirate since its inception in 1997, creating value-added, master-planned communities that meet the full spectrum of lifestyle needs.
Emaar Dubai’s flagship mega-development is Downtown Dubai, the city’s heart with world-class landmarks, entertainment, and glamour. The development offers a range of luxury apartments and residences, from 1 to 6 bedrooms, with iconic features and a prime location near Sheikh Zayed Road and Financial Centre Road. Emaar Dubai also offers other international projects and blogs, such as Dubai Hills Estate, a waterfront project with villas, apartments, townhouses, and amenities.
Emaar Dubai is committed to design excellence, quality, and timely delivery. It has won numerous awards for its projects, including the prestigious “Developer of the Year” award at the Arabian Business Real Estate Awards. The company has established competencies in real estate, retail and shopping malls, hospitality, and leisure and shapes new lifestyles through its commitment to innovation and sustainability.
History of Emaar Properties
Foundation and Growth
Emaar Properties is a leading real estate developer in the United Arab Emirates (UAE) with diversified interests in real estate, retail, hospitality, and leisure. The company was founded and incorporated in 1997 by chairman Mohamed Alabbar. Since then, Emaar has increased and has become one of the largest developers in the UAE.
Emaar initially focused on developing large-scale commercial and residential properties, malls, and hospitality projects. The company’s flagship development, the Burj Khalifa, is the tallest building in the world and is located in Downtown Dubai. Emaar has also developed other iconic projects in Dubai, such as the Dubai Mall, the Dubai Marina, and the Emirates Hills.
Major Milestones
Over the years, Emaar has achieved several significant milestones that have helped establish its reputation as a leading real estate developer in the UAE. Some of these milestones include:
- In 2000, Emaar launched its first master-planned community, Emirates Living, which includes the communities of The Springs, The Meadows, The Lakes, and Emirates Hills.
- In 2004, Emaar launched Dubai Marina, a waterfront community with luxury apartments, hotels, and retail spaces.
- In 2008, Emaar completed the construction of the Burj Khalifa, the tallest building in the world.
- In 2010, Emaar opened the Dubai Mall, one of the world’s largest shopping malls.
- In 2013, Emaar won the bid to develop the site for Expo 2020, a significant achievement for the company.
Today, Emaar continues to develop innovative and iconic projects in Dubai and other parts of the world. The company’s commitment to design excellence, build quality, and timely delivery has helped it establish a strong reputation in the real estate industry.
Key Projects and Developments
Burj Khalifa
The Burj Khalifa is the world’s tallest building, standing at a height of 828 meters. It was developed by Emaar Properties and opened in 2010. The tower features luxurious residential apartments, corporate suites, and a hotel. The Burj Khalifa also features the world’s highest observation deck on the 148th floor.
Dubai Mall
The Dubai Mall is the world’s largest shopping mall, developed by Emaar Properties. The mall features over 1,200 retail outlets, including luxury brands like Chanel, Gucci, and Louis Vuitton. It also features an aquarium, an ice rink, and a cinema. The mall attracts millions of visitors annually, making it one of Dubai’s most popular tourist destinations.
Dubai Marina
Dubai Marina is a waterfront development located in the heart of Dubai. Emaar Properties developed it and features luxury residential apartments, hotels, and retail outlets. The marina is home to some of Dubai’s most iconic landmarks, including the Marina Walk and the Dubai Marina Mall. It is also a popular destination for water sports enthusiasts, with activities such as jet skiing, parasailing, and wakeboarding available.
Emaar Properties has significantly contributed to Dubai’s growth as a global luxury living and tourism destination. With its innovative designs, world-class amenities, and strategic locations, Emaar’s key projects and developments have helped shape Dubai’s skyline and contributed to its global stature as a real estate haven.
Emaar’s Impact on Dubai’s Economy
Emaar Properties is a real estate development company that is significantly shaping Dubai’s economy. The company’s contributions to the growth of Dubai’s economy can be seen in various sectors, including real estate, tourism, and hospitality.
Real Estate Contributions
Emaar Properties has been instrumental in developing Dubai’s real estate sector. The company has built some of the most iconic structures in Dubai, including the Burj Khalifa, the world’s tallest building. Emaar’s real estate projects have added to Dubai’s skyline and provided homes and commercial spaces for residents and businesses.
Emaar’s real estate projects have also contributed to the growth of Dubai’s economy by creating job opportunities. The company’s projects have created jobs in various sectors, including construction, hospitality, and retail.
Tourism and Hospitality
Emaar’s impact on Dubai’s economy can also be seen in the tourism and hospitality sectors. The company’s properties, including hotels, resorts, and shopping malls, have been major attractions for tourists visiting Dubai.
Emaar’s properties, such as the Dubai Mall, have contributed significantly to Dubai’s position as a leading tourist destination. The company’s hotels and resorts have also contributed to the growth of Dubai’s hospitality sector by providing world-class accommodations for tourists.
Emaar Properties has played a significant role in shaping Dubai’s economy. The company’s contributions to the real estate, tourism, and hospitality sectors have added to Dubai’s growth and made it a leading destination for business and tourism.
Sustainability and Innovation
Emaar Dubai is committed to sustainability and innovation, focusing on reducing its environmental impact and improving the quality of life for residents and visitors. The company has implemented various initiatives and technological advancements to achieve these goals.
Green Initiatives
Emaar Dubai is firmly committed to green initiatives, focusing on reducing its carbon footprint and promoting sustainable practices. Some of the critical green initiatives implemented by the company include:
- Efficient use of natural resources
- Energy optimization
- Waste management systems
The company has also launched the Emaar Innovation Challenge, an international-level competition aimed at inspiring and enlisting the help of start-ups from around the world to apply their technology skills and creativity to develop construction and sustainability innovation solutions that will create value for society and development while helping the environment.
Technological Advancements
Emaar Dubai has incorporated a range of technological advancements to improve sustainability and reduce its environmental impact. Some of the key technological advancements include:
- The use of intelligent building technologies to optimize energy use and reduce waste
- The use of renewable energy sources such as solar power
- The implementation of a circular economy approach to minimize waste and promote sustainability
These technological advancements have helped Emaar Dubai significantly reduce its carbon footprint and improve the quality of life for residents and visitors.
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Frequently Asked Questions
What are the notable subsidiaries of Emaar Properties?
- Emaar Hospitality Group
- Emaar Malls
- Emaar Development
- Emaar Entertainment
- Emaar International
- Emaar Misr
- Emaar India
- Emaar Turkey
Which iconic buildings has Emaar developed?
- Burj Khalifa, the tallest building in the world
- Dubai Mall, one of the world’s largest shopping malls
- Dubai Fountain, the world’s most extensive choreographed fountain system
- Address Hotels and Resorts, a luxury hotel chain
Who currently holds the position of CEO at Emaar?
As of January 2024, the CEO of Emaar Properties is Mohamed Alabbar.
What career opportunities are available at Emaar?
Emaar Properties offers a range of career opportunities in various fields, such as engineering, finance, marketing, sales, and more. Interested candidates can visit the company’s official website to view job openings and submit applications.
How can I contact Emaar’s Dubai office?
- Phone: +971 4 366 1688
- Email: info@emaar.ae
- Address: Emaar Square, Downtown Dubai, PO Box 9440, Dubai, United Arab Emirates
Did Emaar construct the Burj Khalifa?
Yes, Emaar Properties was the developer and contractor of the Burj Khalifa, which was completed in 2010. The building stands at a height of 828 meters and has 163 floors.
