pjsc, emmar, emar, شسبأعمار, إعمار العقارية, emaar
dubai, emaar financial services, emaar uae
Emaar Properties has come to symbolize the fierce
ambition and drive of Dubai to succeed in all circumstances!
A world-class company, Emaar Properties has come
to be known for innovative, high quality real estate
development. Emaar Properties is indeed contributing
towards the growth of Dubai as a tourist destination!
Established in 1997, Emaar Properties has set its
sight on creating new architectural benchmarks for
global property developers! Emaar Properties currently
have ten major real estate projects under various
stages of development. These developments include
Dubai Marina, Arabian Ranches, Emirates Hills, The
Meadows, The Springs, The Lakes, The Greens and
Emaar Towers in downtown Dubai. Additionally, the
company also owns the Gold and Diamond Park! It
has also begun construction of Burj Dubai - the
tallest tower in the world and The Dubai Mall, which
is the largest shopping center in the world.
In its portfolio of real estate projects, Emaar
is building affordable apartments to exclusive estates.
Emirates Living, for instance, is a collection of
neighboring Emaar properties that includes Emirates
Hills, The Lakes, The Meadows, The Springs and The
Greens. They have provided the community with beautiful
homes to be proud of in the tranquil, scenic landscapes!
Dubai Marina, world-class project built at the centre
of Jumeirah, presents beautiful homes along with
resort hotels, upper class shopping, beautiful beaches,
and a scenic marina.
Burj Dubai, slated to be the world's tallest tower,
will be a landmark not just in the region but in
the world as well! Burj Dubai, the world's most
prestigious address, will position Dubai among the
leading cities of the world, driving tourists to
the landmark architecture each year that will encompass
residential, commercial, hotel, entertainment, and
the world largest shopping mall. Petronas Towers
in Malaysia is 452 metres tall while Chicago's Sears
Tower is 442 meters tall. Currently, these are the
world's tallest buildings. While other cities have
announced plans to surpass these two buildings in
their height, Burj Dubai's height will remain a
closely-guarded secret for sometime but be assured
it will beat all records - announcing the arrival
of Dubai irreversibly on the world stage!
The Old Town with its unique architecture strives
to relive the ambience of erstwhile Arabia. Old
Town will stand out for its sheer beauty with five-star
dining and outdoor cafes overlooking parks and waterways.
The Dubai Mall will set new benchmarks in mega-mall
retailing with nine million square foot Dubai Mall.
Largest mall in the world, Dubai Mall will be apt
company for Burj Dubai – the world's tallest tower.
Dubai Mall will reportedly be larger than 50 international
soccer pitches! Phew!
The Old Town will feature low-rise three storey
apartment buildings and some mid-rise towers with
penthouses. The Residences will comprises 6 exclusive
towers over 20 acres of land embracing a dramatic
man-made lake, Burj Dubai and Dubai Mall.
These are only some of the projects currently underway
at Emaar! To push the growth of its core business,
it has diversified into associated businesses that
support its core business - Dubai Bank, Amlak Finance,
Emrill Services, and Sahm Technologies.
With an asset base of US$ 7.7 billion (including
land) Emaar has witnessed tremendous growth since
its inception in 1997. In 2003 Emaar reported net
profits of AED 676 million (US $ 184 million), a
31 percent increase on the previous year. Total
sales revenue was AED 3.72 billion (US $ 1.01 billion)
– up 179 percent on 2002.
Emaar Properties PJSC and AMLAK Finance PJSC announced
the launch of an independent financial services
joint venture company. Emaar Financial Services
(Emaar FS) will focus on offering comprehensive
brokerage services, investment research and analysis
to individual investors, companies and institutions.
The joint venture will initially concentrate on
providing services for investors on the Dubai Financial
Market (DFM) and Abu Dhabi Securities Market (ADSM).
AMLAK will manage the independent new entity and
this is reflected in the composition of the Emaar
FS board. Mr Hussein Al Meeza, Chairman of the Executive
Committee and Board Member AMLAK Finance, will be
the Chairman of Emaar FS, and Mr Mohammed Ali Al
Hashimi, CEO of AMLAK Finance, will be the Vice-Chairman
of Emaar FS.
“AMLAK is proud to join hands with Emaar Properties
to form this independent joint venture company.
Our collaborative strength and experience will bring
to the market unrivalled investor service and superior
research capabilities that combine local knowledge
with international standards of expertise,”
said Al Meeza.