Latest Projects By Emaar
Starting Price: 1.7 Million AED
Location: Al Marjan Island
Starting Price: 1.6 Million AED
Location: Mina Rashid
Starting Price: 10.4 Million AED
Location: Dubai Hills Estate
Starting Price: 1.5 Million AED
Location: Dubai Hills Estate
Starting Price: 3.5 Million AED
Location: Dubai Hills Estate
Emaar Properties
Established in 1997, Emaar Properties has become a leader in real estate development, serving as a pillar of UAE’s construction sector. The company has significantly impacted the residential, commercial, and hospitality sectors, with an unwavering focus on creating luxurious and opulent properties.
Despite its global presence, Emaar’s heart beats in the United Arab Emirates, particularly in the dynamic cities of Dubai and Abu Dhabi. As a public joint stock company, Emaar Properties is listed on the Dubai Financial Market and maintains its headquarters in the center of Dubai.
The Visionary Behind the Brand
The visionary founder of Emaar Properties, Mohammad Alabbar has a long history in the tourism and construction industries. Before establishing the company, Mr. Alabbar was a director at Al Khaleej Investments in Singapore. He provided economic guidance to Dubai’s ruler, His Highness Sheikh Mohammed bin Rashid Al Maktoum.
Mr. Alabbar’s profound expertise in these areas was instrumental in the company’s international expansion and the successful completion of its monumental projects, such as the iconic Burj Khalifa. Today, Mr. Alabbar continues to serve as the company’s managing director, with Ahmed Jawa serving as vice chairman and Jamal Bin Theniyah as the board’s chairman. Amit Jain, the CEO, is driving the initiative forward.
Emaar Localities in Dubai
EMAAR BEACHFRONT
DUBAI MARINA
DUBAI HILLS ESTATE
DUBAI CREEK HARBOUR
THE VALLEY
DOWNTOWN DUBAI
Emaar Properties, a prominent player in the building industry, established Emaar International LLC in 2004 to embark on its international journey. The company has since expanded its operations to over 36 different markets across North America, Europe, North Africa, and the Middle East, boasting a broad portfolio that includes initiatives in various stages of development in nations such as Turkey, Egypt, India, Saudi Arabia, Morocco, Syria, Pakistan, and the United States. Emaar’s extensive portfolio features renowned constructions like Jeddah Gate in Saudi Arabia, Beit Misk in Lebanon, Tuscan Valley in Turkey, and Samarah Dead Sea Resort in Jordan. In 2015, Emaar Properties further expanded its global footprint by venturing into Bahrain and Nigeria.
A Commitment to Sustainability and Social Responsibility
At Emaar Properties, social responsibility and environmental sustainability are paramount concerns. The company’s initiatives complement the UAE’s “green vision” and its efforts to improve the planet’s ecological balance. In line with this, Emaar established the Emaar Foundation in 2015 to execute Corporate Social Responsibility (CSR) programs. The foundation actively supports Dubai Cares, which seeks to enhance children’s access to high-quality primary education in developing nations, as well as the UN World Food Program in the global fight against hunger, and the Dream for Future Africa Foundation, which is dedicated to providing equal opportunities for underprivileged individuals in Africa.
Pinnacle of Achievements
Emaar Properties has accomplished remarkable achievements throughout the years, earning numerous Guinness World Records. Its pinnacle accomplishment, the Burj Khalifa, stands proudly at nearly 2,722 feet and is the tallest structure in the world. The initial phase of construction commenced in 2004, with the final phase concluding in 2010. This 160-story residential building is a masterpiece and a testament to Emaar’s unwavering commitment to excellence. The Burj Khalifa holds records for the most floors in a building (163), the tallest restaurant (1,447 feet 10 inches for At.mosphere), the tallest residential apartments (1,263 feet), and the largest light and sound show on a single building, which astounded spectators on January 1, 2018.
Beyond Boundaries – Emaar’s Iconic Developments
Beyond their skyscraper accomplishments, Emaar Properties boasts a diverse portfolio, including the Dubai Mall, the world’s largest shopping and entertainment complex, which opened its doors in 2008. The complex, which spans over 12 million square feet, houses over 1,200 shops. Prior to the global pandemic, the Dubai Mall welcomed over 84 million visitors in 2019, affirming its position as one of the world’s most sought-after tourist destinations.
Another remarkable achievement in Emaar’s portfolio is the Dubai Fountain, a well-known tourist destination. The fountain is the world’s largest musical fountain, capable of shooting water up to 500 feet in the air. This engineering marvel has attracted admirers to Downtown Dubai, next to Burj Khalifa Lake, since its official opening in 2009. It dances to a variety of musical genres, adding to its appeal.
Building Communities, Crafting Destinations
For over 24 years, Emaar Properties has dedicated its efforts to constructing homes and thriving residential communities. Its portfolio includes Emaar Beachfront, The Springs, The Greens, The Meadows, Arabian Ranches, and many other esteemed developments. In addition to its residential projects, Emaar has expanded into the hospitality industry, establishing prestigious hotels such as:
- The Address Hotels + Resorts
- Vida Hotels and Resorts
- Armani Hotel Dubai
- Rove Hotels
- Greenside Residence at Dubai Hills Estate (Q3 2027)
- Act One | Act Two (Q3 2022)
Building Communities, Crafting Destinations
Emaar Properties has experienced impressive financial growth since its founding with an initial capital of USD 274 million. The company’s total sales backlog amounted to AED 36.617 billion, with AED 24.738 billion coming from the UAE alone. In 2020, Emaar Properties reported a net profit of AED 2.617 billion, with sales of real estate totaling AED 10.9 billion, of which AED 6.321 billion came from the UAE. Remarkably, the company delivered over 72,000 residential units in 2020, reaffirming its position as a market leader.
A Future of Promise
Emaar Properties has exhibited an upward trend in the first half of 2021, with a net profit of AED 1.56 billion, which is slightly lower than the AED 1.68 billion reported in the first half of 2020. Remarkably, real estate sales in the first half of this year had broken records, totaling AED 16.84 billion, a remarkable 229% increase over the same period in 2020, when sales amounted to AED 5.12 billion.
Emaar Properties is constructing over 26,000 apartments in the UAE and an additional 12,000 in other international markets. The Grand (Q2 2022), Palace Residences (Q1 2024), Creek Edge (Q4 2022), Act One | Act Two (Q3 2022), and other eagerly anticipated off-plan properties are expected to redefine luxury living.
Emaar Properties – Where Popularity Meets Trust
With its extensive portfolio, which includes renowned buildings like the Burj Khalifa, Emaar Properties has gained popularity and the trust of discerning buyers and investors. Emaar properties for sale continue to attract those seeking excellence, with a potential return on investment of up to 8%. Moreover, Emaar’s reputation is reinforced by its unwavering commitment to completing projects on schedule and realizing dreams.
Emaar Properties – Where Excellence Becomes a Destination, and Dreams Take Shape.
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FAQ
Most frequent questions and answers
What is the property market trend in UAE?
The UAE’s real estate sector contributes around 5.5% of the GDP of the country, and it has been on the rise since 2022 as both rental rates and home prices have increased. Dubai’s transaction volume reached its highest level for the first quarter ever observed in the area in the first quarter of 2022.
What are the main types of investment properties in Dubai?
In Dubai, investors can choose between villas, apartments, townhouses, penthouses, duplexes, and plots and lands.
What are the main areas for foreigners to buy property in UAE?
In Dubai, there are specific zones where foreigners can purchase real estate. These locations, such as the Palm Jumeirah, Downtown Dubai, Dubai Marina, Arabian Ranches, and Jumeirah Beach Residence, are decided upon by the Ruler of the Emirate of Dubai.
Can I live in Dubai if I buy a property?
Real estate purchases in Dubai may result in the buyer receiving a residence permit. The property must be finished at the time of purchase and worth at least AED 1 million to qualify for the UAE investor visa program. Dependents may also be sponsored by real estate purchase residence visa holders.
What is the future of real estate in the UAE?
The real estate industry in the UAE is anticipated to increase by 2.97% between 2023 and 2028, reaching a market volume of US$0.80 trillion by that year. The important characteristic that makes the UAE a desirable location for real estate investment is what is driving this expansion.
How to invest in UAE real estate?
Here are some tips to invest in UAE real estate:
- Know About Different Property Types and Their Worth
- Research the Market Status and Risks
- Property Investment in Dubai
- Don’t Sacrifice Location
- Choose Areas with High Rents and Demand
- Spend Time in the Area
- Luxury Property Buyers Should Have Financial Resources
- Investing in Residential Properties Offers Shortcuts for Legal Residency
- Seek Expert Advice When Investing in Dubai Real Estate
Can foreigners invest in real estate in Dubai?
Yes, foreigners are permitted to purchase real estate in the UAE. There are, however, certain geographical limitations. Citizens of the UAE or the Gulf Cooperation Council (GCC) may buy real estate anywhere in Dubai.
Is there a property tax in Dubai?
There is no taxation on owning properties in Dubai.
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