Emaar Properties is a Dubai-based international property development company headquartered in the UAE. With operations in 36 countries, it is recognized as one of the world’s largest building organizations. The company was founded by Mohamed Alabbar, most famous for having initiated and supervised the construction of Burj Khalifa and Dubai Mall.
Emaar Properties has been in business since 1997. Over the years, the company has developed and participated in several of the largest projects in the UAE and worldwide. It has been involved in building and developing:
- Shopping centers;
- Residential facilities;
- Multifunctional complexes;
- Resorts;
- Commercial buildings;
- Ports and harbors;
- Hotels.
Historical fact: it was the first company in Dubai that offered stock for both foreign and national investors. Emaar Properties has been the architect of some of the world’s most impressive buildings and is a household name around the world.
Mohamed Alabbar: head of the board
Founder of Emaar Properties, Mohamed Alabbar is a prominent Dubai businessman. Considered one of the most influential people in the UAE, he owns many companies and holds a doctorate in humanities. He has made an enormous contribution to the development of his homeland and other nations.
Mohamed Alabbar began his career as a manager in the banking sector at the Central Bank of the UAE. He worked for the government as Director General of the Department of Economic Development before founding Emaar Properties. He later advised Dubai’s ruler on developing the city’s tourism industry and enhancing its global reputation. Today, Mohamed Alabbar is a major shareholder in a number of companies around the world. Many of them are headed by him, including Emaar Properties.
International activities of the company Emaar
Led by Mohamed Alabbar, Emaar Properties is involved in developing and constructing various infrastructural sectors in many countries, including Dubai and across the UAE. Below is a list of states and the company’s achievements in each.
- Egypt
Emaar Properties has developed resorts, hotels and major residential and commercial projects in this country. The company restored the Alexandria Library, launched the Uptown Cairo project and built the Marassi complex under the leadership of Mohamed Alabbar.
- Iraqi Kurdistan
In this country, Emaar Properties developed Downtown Erbil under the leadership of Mohamed Alabbar. It is a large multifunctional complex spanning over 541,000 square meters.
- Turkey
In this country, Emaar Properties, under the leadership of Muhamed Alabbar, is the developer of Tuscan Valley. The company has built five-star hotels and shopping malls that are considered the largest in Turkey. The Address Residences Emaar Square in Istanbul is one of its major development achievements.
- India
Emaar Properties is a leading developer of commercial, retail and hotel properties across this country. The company, through its local subsidiary, has a land bank of more than 6,000 acres in India. Among its key projects are Mohali Hills, Central Plaza, Emaar Palm Heights and The Views.
- Pakistan
Mohamed Alabbar and Emaar Properties’ greatest achievement is Crescent Bay. It is a multi-functional seaside complex located in Defence, Karachi. It consists of a series of residential and commercial buildings, a shopping mall, a five-star beach hotel and a central tower.
Conclusion
Emaar Properties and its founder, Mohammed Alabbar, are credited with making significant contributions to the development of Dubai, the UAE and other nations. It is a world-class company, and its structures are considered to be of high quality and technologically advanced. Emaar Properties has been the driving force behind the tourism industry in many countries and a major contributor to the development of their economies.