Emaar Properties is a leading real estate company in Dubai. Founded in 1997 by Mohamed Alabbar, the company has become one of the most recognizable names in the industry, with a portfolio of properties in various destinations. The company’s net asset is currently valued at 138.1B AED (37.6B USD), listed on the Dubai Financial Market, making it one of the top real estate developers in Dubai.
Here are some key points to consider when discussing Emaar Properties:
- Emaar Properties is famous for its unique design aesthetic, which provides an aspirational lifestyle within a thriving community. Emaar’s community management team supports the company’s properties, ensuring residents can access all amenities and services.
- Emaar Properties is also involved in the hospitality industry, leasing and managing malls, retail, commercial, and residential spaces. The company operates in three segments: Real Estate, Leasing & Related Activities, and Hospitality.
- In recent years, Emaar Properties has made headlines for its partnership with Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum. The partnership has resulted in several high-profile real estate developments, including the Burj Khalifa, the world’s tallest building.
Overall, Emaar Properties is a major real estate development industry player with a strong reputation for quality and innovation. The company’s focus on creating unique, aspirational communities has made it a top choice for investors and residents.
Company Overview
History and Growth
Emaar Properties is a real estate development company based in Dubai, UAE, with a net asset value of 138.1B AED (37.6B USD). The company started in 1997 by Mohamed Alabbar and has since grown to become one of the world’s most valuable and admired real estate development companies.
Emaar Properties has developed many iconic projects, including the world’s tallest building, the Burj Khalifa, and the Dubai Mall, one of the world’s largest shopping centers. Emaar Properties has also expanded its operations to other countries, including Egypt, Turkey, and Saudi Arabia.
Leadership and Governance
Emaar Properties is led by a board of directors responsible for the company’s overall direction and strategy. The Chairman of the Board is Mohamed Alabbar, the company’s founder. The Board of Directors comprises experienced professionals from various industries, including finance, real estate, and law.
In addition to the Board of Directors, Emaar Properties has a strong leadership team that is responsible for the company’s day-to-day operations. The leadership team comprises professionals with various skills and expertise.
- The Chairman of the Board is Mohamed Alabbar.
- The Board of Directors is made up of experienced professionals from various industries.
- Emaar Properties has a strong leadership team that is responsible for the company’s day-to-day operations.
Key Developments and Projects
Emaar Properties is one of the world’s most renowned property development companies. The company has a diverse portfolio of projects that range from residential to commercial and retail properties. Here are some of Emaar’s key developments and projects:
Dubai Creek Harbour
Dubai Creek Harbour is a path-breaking waterfront project by Emaar Properties. The project is the green heart of Dubai, with a focus on sustainability and eco-friendliness. The development comprises apartments and villas with stunning views of Dubai Creek Harbour. Some of the critical features of Dubai Creek Harbour include:
- Apartments and villas with breathtaking views of Dubai Creek Harbour
- A green heart of Dubai with a focus on sustainability and eco-friendliness
- A wide range of amenities, including parks, retail outlets, and restaurants
- A prime location in the heart of Dubai, with easy access to key destinations
Emaar Beachfront
Emaar Beachfront is a premier residential development by Emaar Properties. The development is in Dubai Marina, one of the most sought-after locations in Dubai. The project consists of luxurious apartments and penthouses with stunning views of the Arabian Gulf. Some of the critical features of Emaar Beachfront include:
- Luxurious apartments and penthouses with stunning views of the Arabian Gulf
- A prime location in Dubai Marina, one of the most sought-after locations in Dubai
- A wide range of amenities, including private beach access, swimming pools, and fitness centers
- Easy access to key destinations in Dubai, including the Dubai Mall and Burj Khalifa
Dubai Hills Estate
Dubai Hills Estate is a master-planned community by Emaar Properties, one of the best real estate companies in Dubai. The development will be a self-contained community focusing on sustainability and eco-friendliness. The project comprises villas, townhouses, and apartments with stunning views of the Dubai skyline. Some of the critical features of Dubai Hills Estate include:
- A self-contained community with a focus on sustainability and eco-friendliness
- A wide range of amenities, including parks, retail outlets, and restaurants
- Luxurious villas, townhouses, and apartments with stunning views of the Dubai skyline
- A prime location in Dubai, with easy access to key destinations
The Valley
The Valley is a premier residential development by Emaar Properties. The development is designed to be a family-friendly community focusing on sustainability and eco-friendliness. The project comprises townhouses and villas with stunning views of the Dubai skyline. Some of the key features of The Valley include:
- A family-friendly community with a focus on sustainability and eco-friendliness
- A wide range of amenities, including parks, retail outlets, and restaurants
- Luxurious townhouses and villas with stunning views of the Dubai skyline
- A prime location in Dubai, with easy access to key destinations
Emaar South
Emaar South is a premier residential and commercial development by Emaar Properties. The development will be a self-contained community focusing on sustainability and eco-friendliness. The project comprises apartments, townhouses, and villas with stunning views of the Dubai skyline. Some of the critical features of Emaar South include:
- A self-contained community with a focus on sustainability and eco-friendliness
- A wide range of amenities, including parks, retail outlets, and restaurants
- Luxurious apartments, townhouses, and villas with stunning views of the Dubai skyline
- A prime location in Dubai, with easy access to key destinations
Overall, Emaar Properties is a world-class property development company that has created some of the most iconic projects in Dubai and worldwide. With a focus on sustainability and eco-friendliness, Emaar’s developments are designed to provide a high quality of life for residents and visitors alike.
Business Segments
Emaar Properties is a diversified real estate development company that operates six business segments across 36 global markets. The company’s business segments are:
Real Estate Development
Emaar’s Real Estate Development segment is responsible for developing and selling condominiums, villas, and commercial properties. The company’s real estate portfolio includes residential, commercial, and mixed-use developments.
Some of the key projects under Emaar’s Real Estate Development segment include:
- Burj Khalifa
- Dubai Mall
- Dubai Creek Harbour
- Dubai Hills Estate
- Emaar Beachfront
- Emaar South
Retail and Malls
Emaar’s Retail and Malls segment is responsible for developing and managing shopping malls and retail centers. The company’s retail portfolio includes some of the world’s largest and most popular malls.
Some of the key projects under Emaar’s Retail and Malls segment include:
- Dubai Mall
- Dubai Marina Mall
- The Springs Souk
- The Meadows Village
- The Greens Village
Hospitality and Leisure
Emaar’s Hospitality and Leisure segment is responsible for developing and managing hotels, resorts, and leisure attractions. The company’s hospitality portfolio includes some of the world’s most luxurious and sought-after hotels.
Some of the key projects under Emaar’s Hospitality and Leisure segment include:
- The Address Hotels and Resorts
- Vida Hotels and Resorts
- Rove Hotels
- Armani Hotels and Resorts
- Dubai Opera
Emaar Properties is listed on the Dubai Financial Market and constituent of the Dubai Financial Market General Index. Investors and analysts worldwide closely watch the company’s stock market performance.
- Emaar Properties’ stock symbol on the Dubai Financial Market is EMAAR.
- As of February 21, 2024, Emaar Properties’ market capitalization is AED 54.8 billion.
- Emaar Properties’ stock price has been relatively stable over the past year, with a 52-week high of AED 11.00 and a 52-week low of AED 8.20.
Financial Performance
Stock Market Presence
Emaar Properties is a publicly traded company listed on the Dubai Financial Market. As of February 21, 2024, the company’s stock market trends indicate a positive performance, with an upsurge in Dubai property sales of 25% to AED 18.03 billion (US$ 4.91 billion) in FY 2017. The company’s presence in the stock market allows investors to invest in a leading real estate company in the Middle East, North Africa, and Asia.
Valuation and Assets
Emaar Properties’ financial performance over the past few years has been impressive. According to the company’s integrated annual report, the company’s net profit rose by 43% to Dhs3.2bn for Q1 2023. Additionally, the company’s land bank of over 1.7 billion sq. ft. in the UAE and key international markets indicates a solid asset base.
Here are some critical points regarding Emaar Properties’ financial performance:
- Emaar Properties is one of the largest multinational construction companies in the UAE.
- The company’s financial performance over the past four years between 2017 and 2020 has been analyzed using financial ratios.
- The company’s valuation and assets indicate a robust financial position.
- Emaar Properties’ operational excellence across its businesses has contributed to its strong financial performance.
Overall, Emaar Properties’ financial performance indicates a strong position in the real estate market. The company’s stock market presence valuation and assets provide investors with a positive outlook on the company’s future performance.
Sustainability and Social Responsibility
Emaar Properties is a company that is committed to sustainability and social responsibility. The company’s approach to sustainability is guided by its Sustainable Development Goals, which include environmental sustainability, social responsibility, and economic growth. Emaar’s Code of Conduct guides the behavior of all employees about their colleagues, local communities, and the environment.
Emaar Foundation
The Emaar Foundation is a charitable organization dedicated to improving the lives of people in need. The foundation focuses on providing education, healthcare, and other essential services to needy communities. It also supports various initiatives that promote environmental sustainability and social responsibility.
Environmental Initiatives
Emaar Properties is committed to upholding the highest standards in environmental sustainability across all aspects of its operations. The company aligns with the ‘green vision’ of the UAE, working towards strengthening awareness of a greener lifestyle through energy and water efficiency. Emaar’s sustainability strategy is in progress and will define how the company makes this happen.
Some of Emaar’s environmental initiatives include:
- Tackling climate change with improved energy performance
- Promoting environmental sustainability across its communities
- Using recyclable cutlery to reduce waste
Community Engagement
Emaar Properties is also committed to engaging with the communities in which it operates. The company works closely with local stakeholders to understand their needs and concerns and to develop solutions that benefit everyone. Emaar’s community engagement initiatives include:
- Providing education and healthcare services to communities in need
- Supporting local businesses and entrepreneurs
- Creating public spaces that promote social interaction and community engagement
Overall, Emaar Properties is a company that commits to sustainability and social responsibility. The company’s sustainability and social responsibility approach is guided by its Sustainable Development Goals, which include environmental sustainability, social responsibility, and economic growth. Emaar’s initiatives in these areas are designed to impact the communities in which it operates positively.
Customer Experience and Services
Emaar Properties is famous for its customer-centric approach, and it offers a range of services to ensure that its customers have an exceptional experience. The company has a dedicated team of professionals committed to providing customers with top-notch services. This section will explore the services and platforms Emaar Properties offers its customers.
Emaar Community Management
Emaar Community Management is a service that gives customers a hassle-free and comfortable living experience. The service offers a range of amenities and services tailored to meet each community’s unique needs. Some of the services provided by Emaar Community Management include:
- Move-In/Out Requests: Customers can quickly request to move in or out of their property through the Emaar One app or the Emaar website.
- Access Card Requests: Customers can request access cards for themselves or their guests through the Emaar One app or the Emaar website.
- Amenities Booking: Customers can book amenities such as swimming pools, gyms, and other facilities through the Emaar One app or the Emaar website.
- Home Services: Customers can request home services such as cleaning, maintenance, and repairs through the Emaar One app or the Emaar website.
- Online Payment: Customers can make payments for their property through the Emaar website or the Emaar One app.
Digital Platforms
Emaar Properties offers a range of digital platforms designed to make the customer experience seamless and hassle-free. These platforms include:
- Emaar One: Emaar One is a digital platform that allows customers to manage their properties and access a range of services through a single app. Customers can use the app to pay bills, book amenities, request home services, and more.
- Construction Updates: Customers can stay up-to-date on the progress of their property through the Emaar website or the Emaar One app.
- Property-Related Transfers: Customers can quickly transfer their property through the Emaar website or the Emaar One app.
- Ownership Updates: Customers can update their ownership details through the Emaar website or the Emaar One app.
In conclusion, Emaar Properties offers various services and platforms to make the customer experience seamless and hassle-free. From Emaar Community Management to digital platforms such as Emaar One, the company commits to providing top-notch services to its customers.
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Frequently Asked Questions
Who currently holds the position of CEO at Emaar Properties?
- The current CEO of Emaar Properties is Amit Jain.
What is the relationship between Emaar Properties and the Burj Khalifa?
- Emaar Properties is the developer of the Burj Khalifa, the tallest building in the world and a significant landmark in Dubai.
How can one pursue a career with Emaar Properties?
- Emaar Properties offers a range of career opportunities in various fields, including real estate, hospitality, retail, and more. Interested individuals can visit the company’s website to explore job openings and submit applications.
What is the estimated net worth of Emaar Properties?
- According to recent reports, the estimated net worth of Emaar Properties is around $9 billion.
Is there any government ownership in Emaar Properties?
- Emaar Properties is a publicly listed company in the Dubai Financial Market with no government ownership.
How has the share price of Emaar Properties fluctuated recently?
- The share price of Emaar Properties has fluctuated over the years, but recent reports suggest that it has been relatively stable in the past few months.
Overall, Emaar Properties is a well-established real estate developer in Dubai with a strong track record of delivering high-quality projects and excellent customer service. Individuals interested in pursuing a career in the real estate industry or investing in the company’s shares should research and seek professional advice before making any decisions.
