Emaar Properties was founded in Dubai in 1997 and has since gained recognition as one of the leading developers in the UAE. Emaar Properties has created a number of iconic landmarks, such as the world's tallest building Burj Khalifa and the second largest shopping center in the world Dubai Mall.
The company was founded by Mohamed Ali Rashid Alabbar, who previously headed the Department of Economic Development in the Dubai government. In addition to the UAE, the company implements projects in Egypt, Saudi Arabia, Morocco, India, Pakistan, Turkey, Lebanon and the United States.
Real estate from Emaar is very popular, as evidenced by record sales: for example, recently all apartments in the newly built St. Regis Residences complex were sold in just an hour from the start of trading. Fully sold out projects Tuscan Valley in Turkey and Tinja in Morocco during the construction stage confirm the interest in the developer's real estate beyond the UAE.
Currently, the number of completed Emaar projects has exceeded one hundred, and the number of residential premises put into operation exceeds 88,000, although not all of them were handed over to the owners within the planned deadlines. In some cases, the delay in the schedule was several years, but this is largely explained by the global economic crisis of 2008-2013 and the COVID-19 pandemic. Nevertheless, the company does not reduce the volume of construction, delivers several large projects per year, and launches new ambitious projects, which speaks to its stability and reliability.
Information about current projects is published on the company's official website, and their presentation can also be seen on Emaar's social media pages. Unfortunately, brochures and other documentation for the facilities cannot be viewed on the website itself - for this, registration is required, along with providing a phone number and email address.
The company's most famous project is the construction of the world's tallest building, Burj Khalifa, and the development of Downtown Dubai - a modern city center built around it. The project includes a number of world-class attractions such as the second largest shopping center, one of the largest aquariums, one of the tallest musical fountains, and the modern cultural center Dubai Opera, which seats 2,000. Only the Dubai Mall attracts over 52 million tourists annually, and the number of companies with offices in Downtown Dubai and the neighboring Business Bay district exceeds 18,000.
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This influx of tourists, entrepreneurs, and high-ranking office workers creates a high demand for renting and buying property in Downtown Dubai, which is supported by the relatively small area available for development. According to different estimates, the ROI in this area is consistently between 5-7%. The project is always among the top 5 most popular destinations in Dubai for buying and investing in real estate.
Another major coastal project of the company is Emaar Beachfront, an artificial island located in Dubai Harbor between Dubai Marina and another famous man-made archipelago - Palm Jumeirah. Here, it is planned to build 27 luxurious residential skyscrapers with private beaches, resort infrastructure facilities, yacht clubs, as well as several public parks, a large shopping center, and beautiful waterfronts. In addition to its own facilities, complemented by magnificent sea landscapes and a majestic panorama of the city, Emaar Beachfront offers quick access to numerous attractions in neighboring areas.
Since the number of major projects with full property ownership rights for foreigners in Dubai's coastal zone is quite limited, Emaar Beachfront's luxury real estate demonstrates a high ROI from 6% to almost 8%.
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Another well-known project by EMAAR is the Dubai Marina. It is a mixed development occupying an area of over 4.6 sq km on both sides of an artificial canal that stretches 3.6 km and opens into the Arabian Gulf. In addition to luxurious residential and commercial skyscrapers, the project includes yacht marinas, landscaped promenades, pristine sandy beaches, a large mall with over 140 retail outlets, five-star hotels, schools, and medical centers.
The stunning views of the Arabian Gulf and abundance of shops, restaurants, clubs, spas, water and other recreational activities make this area incredibly popular among tourists and potential homebuyers. Although the project recently surpassed other areas of the city in terms of the amount of elite real estate available for rent, demand remains high, as evidenced by high occupancy rates of 87% and ROI of 5.8-7%.
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