Emaar Properties
Emirati real estate development company / From Wikipedia, the free encyclopedia
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Emaar Properties (or simply Emaar) is an Emirati multinational real estate development company located in the United Arab Emirates.[1] The two largest shareholders are Dubai ruler Mohammed bin Rashid Al Maktoum and the UAE's sovereign wealth fund Investment Corporation of Dubai.[1]
Company type | Public |
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DFM: EMAAR | |
Industry | Real estate |
Founded | 1997; 27 years ago (1997) |
Founder | Mohamed Alabbar |
Headquarters | , |
Key people |
|
Services | Commercial and residential property development |
Revenue | US$8.500 billion |
6,777,915,000 United Arab Emirates dirham (2017) | |
Total assets | 112,751,930,000 United Arab Emirates dirham (2017) |
Number of employees | 6,600 |
Subsidiaries | Emaar Developments, Memaar Building Systems, Emaar International, Emaar Hospitality, Emaar Malls, Emaar Hotels & Resorts, Emaar Retail, Emaar Community Management, Emaar Technologies, Emaar Industries and Investment, OBC El-Wigh Dubai, OBC El-Wigh India, Amlak Finance, Emaar Investment Holdings, Hamptons International Emaar India |
Website | www |
It is a public joint-stock company, listed on the Dubai Financial Market, and has a valuation of US$16.8 billion as of August 2023 against the Net Asset Valuation of US$37.6 billion (AED 138.1B) as of December 2022 based on the valuation of assets done by third party valuer.
Emaar Properties Dubai is one of the largest real estate developers in the UAE and is known for various large-scale projects, such as developing Burj Khalifa, the tallest building in the world.