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 Middle East is highlighting its Saudi Arabian projects at a Qatar roadshow being held on November 19, 2009 from 10am to 10pm, at the Al Mirqab Hall, Four Seasons Hotel in Doha. The popular Emaar Residences at the Fairmont Makkah is the highlight of the event and will be shown alongside Jeddah Gate and Al Khobar Lakes, the company's flagship master-planned communities in Saudi Arabia.
The Methodist Hospital System and Methodist International (MI) recently held a VIP event in Dubai in collaboration with Emaar Healthcare Group to celebrate their strategic partnership. The Dubai Mall Medical Centre is the first and flagship facility to have opened under this partnership.
All 22 screens of Reel Cinemas, Dubai's largest megaplex in The Dubai Mall, will open tomorrow November 12. The official opening of the city's ultimate cinema experience will be marked by the UAE's first digital screening of the much-awaited epic-film 2012 in Screen 22, the region's first and only THX-certified cinema hall.
Burj Dubai, the world's tallest building, which is being developed by Emaar Properties PJSC, is nearing completion, following the dismantling of the last high-altitude crane used in the tower's construction.
Emaar Middle East, a subsidiary of global property developer Emaar Properties PJSC, will open its dedicated sales centre in Riyadh on November 11, 2009. To celebrate the opening, Emaar will mark the Riyadh-launch of its prestigious Emaar Residences at the Fairmont Makkah.
