Emaar

Emaar Properties is situated in the United Arab Emirates (UAE) and they are the globe's one of the largest property development enterprises that have established an epitome of grandeur all over the world. Also, it is one of the leading property development businesses in the UAE, which has a range of infrastructure projects including the creation of Burj Khalifa, the highest skyscraper in the world.

Aside from that, Emaar Properties is actively involved in the development of high-profile projects in the United Arab Emirates. It has established a variety of greatest Master Plans, retail malls, hostels and resorts, entertainment, leasing, enterprises, and investment industries.

Among the areas of expertise of the team are real estate, property development & related matters, and hotel management. Luxurious apartments, villas, business units, and plots are also being constructed and sold by the real estate industry today.

Be it their large residential community developments, the lakes, meadows, The Arabian Ranches, and the springs are a huge source of credibility and reputation for the firm overall. Emaar Properties have all been successful in raising the standards of property planning and maintenance to unprecedented levels.

Since its inception in 1997, Emaar Properties has consistently ranked among the top real estate developers in the United Arab Emirates. Building such as Burj Khalifa, the world's highest skyscraper, and the Dubai Mall, the world's biggest, are part of the company's project portfolio.

The Man behind Emaar

Mohamed Alabbar was born on November 8th, 1956, making him a multi-national entrepreneur. As chairman of Emaar Properties, which includes the Burj Khalifa and the Dubai Mall, he is responsible for the company's success. Since its inception, Emaar has grown and prospered under its own identity. In addition, he serves as the president of Eagle Hills, an Abu Dhabi-based private firm. In addition, he founded the world's largest e-commerce company, noon.com, and he is the chairman of the Americana group in the food business.

History

1997–2005

Mohamed Alabbar established Emaar Properties in 1997. Emaar, one of the UAE's leading developers, has interests in commercial and residential property development, as well as malls and hospitality. When the company went public in 2000, the Dubai government owned 100% of the company and the founding shareholders held 24.3%. Emaar announced plans for Dubai Marina in 2012. In 2000, Emaar Properties was listed on the Dubai Financial Market and became the first property company to offer shares to foreign nationals. The company's first phase of development began in 2001 when Emaar won a joint venture contract to build three of the six apartment towers.

The Dubai Mall scale model

Downtown Dubai, the company's signature development project, was first announced in 2003. The project included the Burj Khalifa and The Dubai Mall, the world's tallest and largest buildings, respectively.

Emaar International LLC was founded in 2004 to represent Emaar's global expansion. The firm is currently working in Africa, Asia, North America, and the Middle East. An exclusive deal with Giorgio Armani in 2005 saw Emaar Hotels & Resorts LLC launch a luxury hotel collection named after the designer brand. It was also built in 2005, on top of the subterranean Emaar Square Shopping Mall in Istanbul, Turkey. The 14-story mixed-use building offers residential, amenity, and retail space.