Last Updated on August 25, 2023 by Bram Vermolen

EMAAR Properties

EMAAR Properties is one of the world’s most valuable and admired real estate development companies, based in Dubai, United Arab Emirates. EMAAR has a portfolio of diverse projects, ranging from residential and commercial properties, to shopping malls and hospitality.

EMAAR is also the developer of some of the most iconic landmarks in Dubai, such as the Burj Khalifa, the tallest building in the world, and the Dubai Mall, the largest mall in the world. In this article, we will explore more about EMAAR Properties, its history, its key people, its financial performance, its popular projects, and its types of properties for sale.

Who Is EMAAR Properties?

EMAAR Properties is a public joint-stock company, listed on the Dubai Financial Market, with a valuation of US$15.5 billion as of June 20211. EMAAR has six business segments: properties, malls and retail, hospitality and leisure, international, industries and investments, and technology.

EMAAR shapes new lifestyles with a focus on design excellence, build quality and timely delivery. EMAAR has a presence in 36 markets across the Middle East, North Africa, Asia, Europe and North America. EMAAR is also a partner of the Dubai government in several strategic projects.

What Is The History Of EMAAR Properties?

EMAAR Properties was founded and incorporated in 1997 by chairman Mohamed Alabbar. The company started with a capital of AED 1 billion and an initial land bank of 33 million square feet. The first project of EMAAR was Emirates Hills, a gated community of luxury villas inspired by Beverly Hills. In 2000, EMAAR became the first property company to offer shares to foreign nationals and was listed on the Dubai Financial Market.

The following year, EMAAR announced plans to build Dubai Marina, a path-breaking waterfront project. In 2003, EMAAR revealed its plans for a signature development project, later known as Downtown Dubai, which included the Burj Khalifa and the Dubai Mall. Since then, EMAAR has expanded its portfolio to include other master-planned communities, such as Arabian Ranches, The Greens, The Meadows, The Springs, The Lakes and The Views. EMAAR has also ventured into other sectors, such as malls and retail, hospitality and leisure, international development and technology.

Who Are Key People In EMAAR Properties?

The key people in EMAAR Properties are as follows:

• Jamal Bin Theniyah: Chairman
• Ahmed Jawa: Vice-Chairman
• Mohamed Alabbar: Founder and Managing Director
• Amit Jain: Group Chief Executive Officer
• Hadi Badri: Chief Executive Officer of Emaar Development
• Patrick Bousquet-Chavanne: Chief Executive Officer of Emaar Malls
• Chris Newman: Chief Operating Officer of Emaar Hospitality Group
• Zishan Baig: Managing Director – India
• Hesham Abdullah Al Qassim: Board Member
• Arif Obaid Al Dehail: Board Member
• Ahmed Jamal Jawa: Board Member
• Sami Ahmad Dhaen Al Qamzi: Board Member
• Buti Obaid Buti Al Mulla: Board Member

Where Is The Headquarters Of EMAAR Properties?

The headquarters of EMAAR Properties is located in Dubai, United Arab Emirates. The address is as follows: Emaar Properties PJSC Emaar Business Park Building 3 Sheikh Zayed Road P.O. Box 9440 Dubai United Arab Emirates

How Many Employees Has EMAAR Properties?

According to its latest annual report for 2020, EMAAR Properties has 6,600 employees across its various business segments. The breakdown of employees by segment is as follows:

• Properties: 1,900 employees
• Malls and Retail: 1,400 employees
• Hospitality and Leisure: 2,800 employees
• International: 300 employees
• Industries and Investments: 100 employees
• Technology: 100 employees

What Is The Financial Performance Of EMAAR Properties?

EMAAR Properties has achieved consistent growth and profitability over the years. In 2020, despite the challenges posed by the COVID-19 pandemic, EMAAR recorded a revenue of AED 19.7 billion (US$5.4 billion) and a net profit of AED 2.6 billion (US$0.7 billion). EMAAR also distributed a cash dividend of AED 1.07 billion (US$0.3 billion) to its shareholders. EMAAR’s total assets as of December 31, 2020 were AED 113.4 billion (US$30.9 billion), while its total equity was AED 49.8 billion (US$13.6 billion). EMAAR’s property sales in 2020 amounted to AED 10.9 billion (US$3 billion), with a backlog of AED 36.6 billion (US$10 billion) to be recognized in the coming years.

What Are The Most Popular EMAAR Off Plan Projects In Dubai?

EMAAR Properties has a number of off plan projects in Dubai that offer attractive investment opportunities for buyers and investors. Some of the most popular EMAAR off plan projects in Dubai are:

1. Palmiera

Palmiera is a collection of luxury villas and mansions located in The Oasis, a premium gated community within Dubai Hills Estate. Palmiera offers four to seven-bedroom homes with spacious layouts, elegant interiors, private pools, landscaped gardens and stunning views of the golf course and the skyline. Palmiera also provides access to world-class amenities, such as a clubhouse, a fitness center, a spa, a golf club, a tennis academy, a school, a hospital and a mall.

2. Rivana

Rivana is a residential development located in The Valley, a master-planned community that offers a new way of living inspired by nature. Rivana features one to four-bedroom townhouses with contemporary designs, smart home technology, rooftop terraces and private gardens. Rivana also offers a range of lifestyle amenities, such as a town center, a sports village, a kids’ play area, a zen garden, an observation tower and a bicycle track.

3. Sunridge

Sunridge is a residential project located in Emaar South, a mixed-use development that offers a local community with a global gateway. Sunridge features three and four-bedroom villas with modern architecture, open-plan living spaces, high-end finishes and private backyards. Sunridge also benefits from its proximity to the Al Maktoum International Airport, the Expo 2020 site, the Dubai South Business Park and the Golf Links Golf Course.

4. Rashid Yachts & Marina

Rashid Yachts & Marina is a unique heritage project that pays tribute to the late Sheikh Rashid bin Saeed Al Maktoum, the father of modern Dubai. Rashid Yachts & Marina features one to three-bedroom apartments with elegant designs, premium fittings, balconies and waterfront views. Rashid Yachts & Marina also offers access to exclusive amenities, such as a yacht club, a marina, a promenade, a museum, a park and a mall.

5. Bayview by Address Resorts

Bayview by Address Resorts is a luxury hotel and serviced apartment project located in Emaar Beachfront, a private island destination that offers beachfront living at its finest. Bayview by Address Resorts features one to four-bedroom residences with sophisticated designs, lavish furnishings, balconies and panoramic views of the sea and the skyline. Bayview by Address Resorts also provides access to five-star amenities and services, such as an infinity pool, a spa, a fitness center, a restaurant and concierge.

6. Fairway Villas 2

Fairway Villas 2 is a residential project located in Dubai Hills Estate, the green heart of Dubai that offers an integrated lifestyle of luxury and convenience. Fairway Villas 2 features three to six-bedroom villas with classic designs, spacious interiors, private pools, landscaped gardens and golf course views. Fairway Villas 2 also offers access to premium amenities and facilities, such as an 18-hole championship golf course, a golf club house, a park, a school, a hospital and a mall.

7. The Grand

The Grand is a residential tower located in Dubai Creek Harbour, an urban waterfront development that offers views to live for. The Grand features one to four-bedroom apartments and penthouses with sleek designs, high-quality finishes, balconies and views of the creek and the skyline. The Grand also offers access to state-of-the-art amenities and attractions, such as an observation deck, a marina yacht club, an island park, a retail district and the Dubai Creek Tower.

8. Golf Place Terraces

Golf Place Terraces is a residential project located in Dubai Hills Estate that offers an unparalleled golfing lifestyle. Golf Place Terraces features four to six-bedroom villas with contemporary designs, generous living spaces, private pools, landscaped gardens and golf course views. Golf Place Terraces also offers access to premium amenities and facilities, such as an 18-hole championship golf course, a golf club house, a park, a school, a hospital and a mall.

9. Vida Residences

Vida Residences is a residential project located in Dubai Marina, a vibrant waterfront community that offers cosmopolitan living. Vida Residences features one to four-bedroom serviced apartments with stylish designs, luxurious furnishings, balconies and marina views. Vida Residences also provides access to five-star amenities and services, such as a pool, a gym, a spa, a restaurant and concierge.

10. The Cove

The Cove is a residential project located in Dubai Creek Harbour that offers island living at its best. The Cove features one to three-bedroom apartments and penthouses with chic designs, premium finishes, balconies and views of the creek and the skyline. The Cove also offers access to state-of-the-art amenities and attractions, such as an infinity pool, a yacht club, a park, a retail district and the Dubai Creek Tower.

What Type Of Properties Has EMAAR For Sale?

EMAAR Properties has a variety of properties for sale that cater to different needs and preferences of buyers and investors. EMAAR offers the following types of properties for sale:

• Villas: EMAAR offers villas that range from three to seven bedrooms, with spacious layouts, elegant interiors, private pools, landscaped gardens and stunning views. Some of the popular villa communities by EMAAR are Palmiera, Fairway Villas 2, Golf Place Terraces and Arabian Ranches.
• Townhouses: EMAAR offers townhouses that range from one to four bedrooms, with contemporary designs, smart home technology, rooftop terraces and private gardens. Some of the popular townhouse communities by EMAAR are Rivana, Maple at Dubai Hills Estate and Saffron at Emaar South.
• Apartments: EMAAR offers apartments that range from studios to four bedrooms, with sleek designs, high-quality finishes, balconies and panoramic views. Some of the popular apartment projects by EMAAR are The Grand, Bayview by Address Resorts and Vida Residences.
• Penthouses: EMAAR offers penthouses that range from one to four bedrooms, with sophisticated designs, lavish furnishings, balconies and views of the sea and the skyline. Some of the popular penthouse projects by EMAAR are The Cove, Burj Vista and Address Sky View.
• Serviced Apartments: EMAAR offers serviced apartments that range from one to four bedrooms, with stylish designs, luxurious furnishings, balconies and marina views. These apartments also provide access to five-star amenities and services. Some of the popular serviced apartment projects by EMAAR are Vida Residences Dubai Marina, Address Fountain Views and Address Harbour Point.

In What Areas In Dubai Does EMAAR Properties Work?

EMAAR Properties works in various areas in Dubai that offer different lifestyles and experiences for residents and visitors. Some of the areas in Dubai where EMAAR Properties has projects are:

1. Downtown Dubai

Downtown Dubai is the flagship development of EMAAR Properties that covers an area of 2 square kilometers. Downtown Dubai is home to some of the most iconic landmarks in Dubai, such as the Burj Khalifa, the tallest building in the world; the Dubai Mall, the largest mall in the world; the Dubai Fountain, the largest choreographed fountain in the world; and the Dubai Opera, a multi-purpose cultural venue. Downtown Dubai also offers a range of luxury hotels, residences, offices, retail outlets and entertainment options.

2. Dubai Creek Harbour

Dubai Creek Harbour is an urban waterfront development that covers an area of 6 square kilometers. Dubai Creek Harbour is set to become a new global icon with the construction of the Dubai Creek Tower, a structure that will surpass the Burj Khalifa in height and design. Dubai Creek Harbour also offers a range of waterfront residences, retail outlets, leisure attractions and cultural venues, such as the Ras Al Khor Wildlife Sanctuary, the Island Park and the Creek Marina.

3. Dubai Hills Estate

Dubai Hills Estate is a green heart of Dubai that covers an area of 11 square kilometers. Dubai Hills Estate is a master-planned community that offers an integrated lifestyle of luxury and convenience. Dubai Hills Estate features an 18-hole championship golf course, a golf club house, a park, a school, a hospital and a mall. Dubai Hills Estate also offers a range of residential options, such as villas, townhouses and apartments.

4. Emaar Beachfront

Emaar Beachfront is a private island destination that covers an area of 10 million square feet. Emaar Beachfront offers beachfront living at its finest, with access to a 1.5 kilometer sandy beach, a marina, a yacht club and a cruise terminal. Emaar Beachfront also offers a range of luxury hotels and residences, such as Address Beach Resort, Sunrise Bay and Marina Vista.

5. Emaar South

Emaar South is a mixed-use development that covers an area of 7 square kilometers. Emaar South offers a local community with a global gateway, with its proximity to the Al Maktoum International Airport, the Expo 2020 site, the Dubai South Business Park and the Golf Links Golf Course. Emaar South also offers a range of residential options, such as villas, townhouses and apartments.

Frequently Asked Questions

Here are some of the frequently asked questions about EMAAR Properties and their answers: