Emaar Properties
is a Public Joint Stock Company (PJSC) opened in
1997 and is listed on the Dubai Financial Market.
The Dubai government has a 32% equity stake of Emaar
and it started with capital of AED 1 billion (US$
274 million). It is known as the region's largest
real estate company and was the first real estate
developer to provide freehold property in Dubai.
Emaar has also launched an independent financial
services joint venture company with Amlak Finance
PJSC, called Emaar Financial Services (Emaar FS).
Emaar's
flagship property is the Burj
Dubai, which is planned to be the tallest tower
in the world. The Chairman of Emaar Properties is
Mr. Mohamed Ali Alabbar, who is also the Director
General of Dubai Department of Economic Development.
The Vice-Chairman is Mr. Mohamed Khalfan Bin Kharbash
and the Director is Mr. Abdul Aziz Aabdallah Al
Ghurair.
Emaar's portfolio of real estate projects include Dubai
Marina, Arabian Ranches, Emirates
Living (Emirates Hills, The
Views, The Meadows, The Springs,
The Lakes, Hattan Homes, The Greens, Streets of Dreams), Emaar Towers and Downtown
Dubai (Burj Dubai, Burj Residence, Dubai Mall, The Lofts). The company also owns and manages the Gold and Diamond Park. Emaar has
also begun developing real estate outside of the UAE, which includes the Bahia Bay and Amelkis II projects in Morocco, the King Abdullah
Economic City in Saudi Arabia, and the Eighth Gate in Syria.
Marking significant gains in the company's comparative financial performance over year 2009, Emaar Properties PJSC recorded half-year 2010 net operating profits of Dhs1,656m ($451m). This corresponds to a 122% growth over the half-year 2009 results, underscoring the effectiveness of Emaar's strategy to focus on its core competency of value creation by building premium real estate master-developments in key geographic markets.
The Address Hotels and Resorts, the five-star premium hotel brand of Emaar Hospitality Group, has partnered with Skywards, the frequent flyer programme of Emirates Airline, to reward guests staying at their hotels with Skywards Miles. The partnership is a further testament to the strategic relationship that Emaar Hospitality Group shares with Emirates Airline, and is the first frequent flyer partnership for the Group.
Hamptons International, a premier property services company with a strong geographic presence in the Middle East and North Africa region, put the spotlight on the role of Owners Associations in the Jointly Owned Properties in Dubai, at the Real Estate Forum organised for members of British Business Group (BBG).
Emaar Hospitality Group, the hospitality & leisure subsidiary of Emaar Properties PJSC, has appointed Mr. Antony Treston as the General Manager of The Address Dubai Marina.
