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EMAAR – DEVELOPERS

About EMAAR – DEVELOPERS

Emaar Developments is a worldwide Emirati real estate development corporation based in the United Arab Emirates. It is a publicly traded joint stock company that is traded on the Dubai Financial Market. As of June 2021, its market value was $15.5 billion USD. The business offers services for managing and developing real estate abroad. Thanks to its six business sectors and 60 active firms, Emaar has a combined presence in 36 markets across the Middle East, North Africa, Asia, Europe, and North America.

Emaar Properties was established in 1997 by chairman Mohamed Alabbar. Emaar, one of the top developers in the UAE, has a variety of interests in real estate, including the development of both commercial and residential properties as well as shopping centres and hotels.

When it was launched on the Dubai Financial Market in 2000, Emaar Properties was the first real estate company to offer shares to foreign nationals. Emaar obtained the contract in a joint venture to build three of the six apartment towers in 2001, starting the first phase of the company’s developmental projects.

The Opulent Development

In 2003, Emaar Properties unveiled its ambitions for a prominent development project; this project would subsequently become known as Downtown Dubai. The Burj Khalifa and The Dubai Mall, which are the tallest structure and largest mall in the world, respectively, were two historically significant developments that made up the project.

In addition, a number of communities throughout Dubai have been developed by Emaar Properties, including Arabian Ranches, Dubai Marina, The Greens, The Meadows, The Lakes, and The Springs. All of the communities that Emaar Properties has developed share the same architectural style, making them instantly recognisable. They adopt the colours and style of contemporary Arabic architecture. The Address Residence Fountain Views I, II, and III, The Address Residence Sky View, Burj Vista, Boulevard Point, and Vida Residence, all in Downtown Dubai, were among the additional projects that Emaar introduced in 2013. Emaar Properties has also developed a large development project in the Downtown Dubai area known as The Dubai Fountain. The tallest performing fountain in the world, the Dubai Fountain, went into operation in the spring of 2009. The fountain’s length stretches out to be twice as long as a football field.

The Opera District is a recent addition by Emaar to Downtown Dubai. The Dubai Opera Theatre, the nation’s first dedicated opera house, as well as a variety of design studios and other lifestyle attractions, are notable features of the development. Manzil Downtown Dubai, a lifestyle boutique hotel, was inaugurated by Emaar Hospitality in January 2015. The hotel, which is run by Vida Hotels & Resorts, has 200 rooms, including suites with views of the Burj Khalifa, and access to a sports complex and a number of restaurants. With the Dubai Trolley, Emaar launched the first hop-on, hop-off transit system in the area. The trolley is also the first zero-emission, hydrogen-powered street tram system in the world.

Emaar International

Emaar Developers have spread their wings in the international real estate market. Emaar has built real estate projects and developments through a number of its companies in Pakistan, India, Jordan, Egypt, Lebanon, Morocco, the United States, Saudi Arabia, Syria, and Turkey. In 2015, the Emaar subsidiary, Emaar Hospitality Group, expanded its hotel and housing activities to Bahrain and Nigeria. The King Abdullah II Fund for Development’s initiatives have included the construction of the Beit Misk in Lebanon, the Jeddah Gate in Saudi Arabia, and the Samarah Dead Sea Resort in Jordan

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1505, Opal Tower Burj Khalifa Boulevard
– Business Bay – Dubai.

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