Emaar Properties
is a Public Joint Stock Company (PJSC) opened in
1997 and is listed on the Dubai Financial Market.
The Dubai government has a 32% equity stake of Emaar
and it started with capital of AED 1 billion (US$
274 million). It is known as the region's largest
real estate company and was the first real estate
developer to provide freehold property in Dubai.
Emaar has also launched an independent financial
services joint venture company with Amlak Finance
PJSC, called Emaar Financial Services (Emaar FS).
Emaar's
flagship property is the Burj
Dubai, which is planned to be the tallest tower
in the world. The Chairman of Emaar Properties is
Mr. Mohamed Ali Alabbar, who is also the Director
General of Dubai Department of Economic Development.
The Vice-Chairman is Mr. Mohamed Khalfan Bin Kharbash
and the Director is Mr. Abdul Aziz Aabdallah Al
Ghurair.
Emaar's portfolio of real estate projects include Dubai
Marina, Arabian Ranches, Emirates
Living (Emirates Hills, The
Views, The Meadows, The Springs,
The Lakes, Hattan Homes, The Greens, Streets of Dreams), Emaar Towers and Downtown
Dubai (Burj Dubai, Burj Residence, Dubai Mall, The Lofts). The company also owns and manages the Gold and Diamond Park. Emaar has
also begun developing real estate outside of the UAE, which includes the Bahia Bay and Amelkis II projects in Morocco, the King Abdullah
Economic City in Saudi Arabia, and the Eighth Gate in Syria.
Emaar Bawadi, the joint venture between Emaar Properties and Bawadi, a member of Tatweer Group, has announced the mixed-use components of its first project, Asmaran.
Emaar Properties has launched Burj Park III, a new residential tower within Burj Park, the first of its kind premium waterfront community in Downtown Burj Dubai.
Emaar International Jordan, the country-subsidiary wholly owned by Emaar Properties PJSC, is showcasing its pioneering master-planned community, the Samarah Dead Sea Resort, at PropertyLink 2008, a property and real-estate investments exhibition held at Zara Expo Amman from May 12 to 15, 2008.
Setting new global records in practical engineering and architecture, Burj Dubai, the iconic tower developed by Emaar Properties, has recorded another global first with the installation of glass panels at a height of 512 metres (1,679.76 ft).
Emaar Middle East (EME), a subsidiary of Emaar Properties PJSC focused on project development in the Middle East region, will launch the first residential village within Al Khobar Lakes on May 14, 2008.
