Emaar Properties PJSC

Emaar Properties PJSC, a Dubai-based Public Joint Stock Company listed on the Dubai Financial Market, is a global property developer and provider of premier lifestyles.
Emaar has been shaping landscapes and lives in the Emirate since the company’s inception in 1997. The developer of Burj Khalifa, the world’s tallest building, Emaar develops value-added, master-planned communities that meet the homebuyers’ full spectrum of lifestyle needs.

Emaar is extending its expertise in creating master-planned communities internationally, and today, has a significant presence globally. Simultaneously, the company has developed competencies in hospitality & leisure, shopping malls & retail, education, healthcare and financial services.

An ISO 9001:2000 quality certified company, Emaar underscored its commitment to quality by winning the coveted Dubai Quality Award in 2006, and reiterated its commitment to sustainable environmental practices by winning the ISO14001:2004 certification.

Emaar has several real estate projects in its primary market of Dubai including established communities and developments in various stages of completion. A highlight of Emaar’s approach to developing integrated lifestyle destination is Downtown Dubai, the 500-acre mega-project described as the ‘new heart of Dubai.’

Emaar’s established communities include Dubai Marina – a luxurious waterfront project; Arabian Ranches – a premier desert-themed residential development; and Emirates Living, which comprises Emirates Hills, The Meadows, The Springs, The Greens, The Lakes and The Views.
 
World-class developments

Emaar’s most ambitious project within the UAE is the US$20 billion Downtown Dubai development. The community features several architectural and engineering landmarks. They include: Burj Khalifa – the world’s tallest building; The Dubai Mall – the world’s largest shopping and entertainment destination and The Dubai Fountain, the world’s tallest performing fountain set in a 30 acre lake.

Other components include The Address Downtown Dubai, a five star premium hotel; The Palace – The Old Town, a spectacular lakeside hotel, The Address Dubai Mall linked to the world’s largest shopping and leisure destination; and Souk Al Bahar, a modern shopping mall with Arabesque architectural features.

Downtown Dubai is also developing one of the finest boulevards, the Emaar Boulevard, which stretches 3.5 km long and 75 metres wide. Emaar Boulevard is envisaged as a lifestyle attraction showcasing culture & art in a relaxing environment with F&B and retail choices.

The prestigious and dedicated commercial offering of Downtown Dubai is Emaar Square featuring a collection of offices which complement the strong residential offering of the 500-acre community.
 

Global presence

With six business segments and more than 60 active companies, Emaar has a collective presence in several markets spanning the Middle East, North Africa, Pan-Asia, Europe and North America. The company has established operations in the United Arab Emirates, Saudi Arabia, Syria, Jordan, Lebanon, Egypt, Morocco, India, Pakistan, Turkey, China, USA, Canada and United Kingdom.

Emaar’s international projects include: Marassi, an upmarket tourism resort; Uptown Cairo, a master-planned residential project; Mivida, a residential community in New Cairo City launched this year; and Cairo Gate, a commercial hub and residential development on the Cairo – Alexandria desert road - all in Egypt.

The company is developing Boulder Hills, a world-class leisure and residential community in Hyderabad; the Commonwealth Games Village 2010 in Delhi; Mohali Hills in Punjab and The Palm Springs and The Palm Drive in Gurgaon, India. Emaar has pioneered the development of master-planned communities in Pakistan with Canyon Views in Islamabad, and Crescent Bay in Karachi, Pakistan. The first homes in Canyon Views were handed over in 2009.

In Morocco, the projects include Amelkis II & III, Bahia Bay, Oukaimeden, Saphira and Tinja. Samarah Dead Sea Resort in Jordan; Tuscan Valley in Turkey, which is now an established community; and The Eighth Gate project in Damascus, Syria are also master-planned developments by Emaar.

In Saudi Arabia, Emaar is developing King Abdullah Economic City, a mixed-use project located on the Red Sea coast. The largest private sector-led development in the region, King Abdullah Economic City sprawls over 168 million sq m and features six distinct components - a modern world-class Sea Port, Industrial Zone, Central Business District, Resort Zone, Educational Zone and Residential Communities and has the potential to create 1 million jobs.

Emaar Middle East, a property development associate company of Emaar Properties focused on projects in the Middle East region, has also unveiled several projects in key growth markets in the region. These include Jeddah Gate, a master-planned mixed-use project spread over half a million sq m in Jeddah's new downtown; Al Khobar Lakes, a luxury lakefront development set over 4.3 million sq metres; and Emaar Residences at the Fairmont Makkah in Abraj Al Bait. Emaar has signed a management agreement with Kingdom Holding in Saudi Arabia for developing mega-projects, details of which will be announced in due course.

Emaar signed a Memorandum of Understanding with the Shanghai China-News Development Limited, a Chinese government entity and subsidiary of the People’s Daily Shanghai branch to explore mixed-use property and infrastructure development projects in key Chinese cities.
 
Strategic acquisitions and partnerships

Emaar joined hands with The Turner Corporation, USA’s leading building services provider, to form a new entity, Turner International Middle East Ltd to jointly tap regional growth opportunities. In a move that scaled up its core competency in product sales across the international arena, particularly the Western hemisphere, Emaar acquired Hamptons International, a UK-based premier real estate company. Hamptons, today, is one of the leading real estate agencies in the Middle East offering a diverse portfolio of regional and international projects.

While continuing to actively pursue expansion in its core business of innovative, high quality real estate development, Emaar has diversified into related business lines to further build value for its shareholders, which includes the Government of Dubai.
 
Luxury Hotels & Resorts

Emaar has teamed up with Giorgio Armani S.p.A to build and manage 10 Armani Hotels & Resorts across the world. The world’s first Armani Hotel and Armani Residences will open this year in Emaar’s flagship Burj Khalifa. Other locations announced include Milan, Marassi and Marrakech.
 
Hospitality & Leisure

Emaar has made extensive forays in the hospitality & leisure sector with the current portfolio of Emaar Hospitality Group LLC encompassing The Address Hotels + Resorts, the group’s five star premium hotel brand which includes The Address Downtown Dubai, The Address Dubai Mall, The Palace – The Old Town, The Address Dubai Marina and The Address Montgomerie Dubai. Emaar Hospitality Group’s portfolio also features Al Manzil and Qamardeen - hotels in Downtown Dubai; the Arabian Ranches Golf Club; Dubai Polo and Equestrian Club; Dubai Marina Yacht Club; Nuran Serviced Residences; and Hayya! recreation clubs.
 
Malls & Retail

The award-winning property developer has expanded into the retail sector with planned investments of over US$4 billion with 10 million sq ft of retail property in operation or under development in the emerging markets of the Middle East, North Africa, the Indian subcontinent and South Asia.

The flagship shopping mall development of Emaar is The Dubai Mall, the world’s largest shopping and entertainment destination, located within Downtown Dubai. Emaar also owns and manages the Dubai Marina Mall at Dubai Marina, the first and largest of its kind waterfront project in the region.
 
Education

Emaar diversified into education, and acquired Raffles Campus, a Singapore-based educational provider, to offer international curricula through a series of educational institutions – primary, secondary and tertiary – within the MENA region and the Indian subcontinent. In 2007, Emaar opened its first international schools in Singapore and Dubai.
 
Healthcare

The company launched its healthcare initiative by unveiling plans to enter the healthcare sector in the MENA and South East Asia markets. Emaar will construct hospitals, clinics and medical centres to provide world-class healthcare services.

Emaar Healthcare Group complements the developmental ethos of Emaar Properties to create integrated lifestyle communities, and has joined hands with the US-based Methodist International to build, operate and manage healthcare centres in the MENA region and Turkey.
Emaar Healthcare opened its first healthcare facility, The Dubai Mall Medical Centre in Downtown Dubai, and The Meadows Clinic. The Arabian Ranches Clinic will open shortly.
 
Strong and diversified fundamentals

Emaar also holds equity in Dubai Bank, which is focused on retail and commercial banking; Amlak Finance, UAE’s leading Islamic home financing company; Emaar Financial Services; and Emaar Industries & Investments, which has an investment focus on high technology and light manufacturing industries in the region.
Emaar’s focused expansion and diversification strategy sees it firmly positioned to take global centre-stage as a multinational and diversified business group.
 
Awards for build quality

Emaar has won multiple awards for its project development competencies. Underscoring the continued commitment to excellence, Emaar won the ”Best Developer in the Middle East and North Africa” honour at the 2009 Euromoney Real Estate Awards. Emaar also won top laurels as ”Best Developer in the UAE” and ”Best Developer in Saudi Arabia.”

Other laurels include the Middle East Business Global Competitiveness Excellence Award 2009, the first-ever Euromoney Gulf Real Estate Award for Best Overall Developer in the UAE as well as Best Residential Developer in the UAE, in 2005. Construction Week and Arabian Business have awarded the company with ‘Property Company of the Year’ and ‘Developer of the Year’ awards.

Emaar also won the Mohammed Bin Rashid Al Maktoum Business Award (MRM Award) for the company’s contribution to the economic growth of the UAE. Investment Corporation of Dubai (ICD), the investment arm of the Government of Dubai, recognized Emaar Properties PJSC for high value generation.
Reiterating the company’s development expertise, Euromoney Liquid Real Estate Awards honoured Emaar with six awards in 2008.

For further information, visit www.emaar.com.

 

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