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.
When the days become longer and the nights become warmer, it is time for you to ‘Live it Up’ this summer, in the city of dreams. Pack your bags, leave your worries behind and travel to Dubai to soak up the sun, shopping, and cuisine, with Emaar Hospitality Group.
Giving a status update on progress in King Abdullah Economic City, Mr. Fahd Al-Rasheed, Managing Director and CEO of KAEC, affirmed the growing number of businesses and investments in the city from local and international companies who are looking for a prime location that offers world-class infrastructure, state-of-the-art electricity, water and sewage network, telecommunications services, paved roads and storm water drain system to prevent flooding, as well as logistical and support facilities for all industrial, residential and commercial lands.
Hamptons MENA, the premier property services company in the region, has recorded an impressive 41% growth in volume of real estate transactions in its primary market of Dubai during the first quarter (January to March) 2013, compared to the same period last year.
The new generation of business executives, entrepreneurs and leisure travellers now have a hotel brand tailored just for them with Vida Hotels and Resorts by Emaar Hospitality Group, the hospitality and leisure subsidiary of Emaar Properties.
Emaar Middle East, a subsidiary of global property developer Emaar Properties, has awarded the construction contract for its newest project, the Abraj Al Hilal 2 residential complex in Jeddah Gate, to Azmeel Contracting and Construction Corporation.
