• New model offers mentees greater ownership of their development journey, deeper engagement and stronger connections

Dubai, United Arab Emirates, 28 April 2025: Following the successful conclusion of Mentorship 2.0, Emaar has announced the launch of its Focused Mentorship 3.0, reaffirming its commitment to nurturing Emirati talent and building a resilient, future- ready workforce. The initiative is part of Emaar’s broader efforts to foster professional growth and knowledge exchange, while building a strong leadership pipeline within the organisation.

Inspired by the vision of Mr. Mohamed Alabbar, Founder of Emaar, to cultivate a supportive community among UAE Nationals, Emaar launched its Mentorship Programme in 2023. The initiative empowers Emirati employees by fostering an environment where they can guide, support, and inspire each other through a group mentoring concept. This programme reflects Mr. Alabbar’s dedication to nurturing talent and giving back to the nation.

The programme has evolved into Emaar Focused Mentorship 3.0 to reflect its dynamic new model, which empowers mentees to choose mentors that align with their specific learning needs, career aspirations, or project requirements. In this model, mentors have been carefully selected based on specific skill sets that can help mentees build critical capabilities, enhanced business understanding ultimately, driving greater value for the organisation. This personalised approach enhances cross-departmental collaboration and offers mentees more targeted guidance to accelerate their growth.

Unlike traditional mentorships, this is a bold, unconventional, and truly distinctive initiative — a first-of-its-kind approach that sets a new benchmark in organisational development. It aims to deliver skill sets not only through classroom sessions but through a blended approach of immersions, fireside chats, learning labs, and on-the- job exposure, offering mentees a holistic and immersive learning experience.

The inaugural Mentorship 1.0 cohort enrolled 66 UAE Nationals, with numbers doubling in the next edition — Mentorship 2.0 — which saw the active participation of 23 certified mentors and 133 mentees from diverse departments and disciplines.

The programme’s design centres on building meaningful relationships based on trust, guidance, and mutual growth.

“At its core, our mentorship programme is about empowering individuals to reach their potential while cultivating a culture of continuous learning,” said Mr. Alabbar. “The success of Mentorship 2.0 reflects the enthusiasm, dedication, and collaborative spirit of our people, and we are excited to build on that momentum with Focused Mentorship 3.0.”

Mentors reported a deeply enriching experience as they engaged with talents across departments, elevating their leadership capabilities while supporting the development of their peers. All mentors participating in the programme are certified through the John Maxwell leadership methodology, underscoring Emaar’s commitment to world- class mentoring standards.

Mentees equally expressed gratitude for the guidance and insight they received. One participant shared: “My mentor played a crucial role in assisting me in identifying solutions to various challenges I encountered.”

Notably, the programme’s impact on career growth is already evident: 75% of UAE Nationals promoted in recent months had participated in past mentorship cohorts — either as mentors or mentees. The programme also received a satisfaction score of 4.4 out of 5, reflecting high levels of trust and engagement among participants.

In collaboration with leading global companies, Emaar has continued to expand the programme’s reach into technical skill development — ensuring mentees are equipped with future-ready capabilities.

Focused Mentorship 3.0 will introduce enhanced tools, tailored development pathways, and increased inter-departmental collaboration. This cohort is set to get bigger and better, featuring new partnerships, fireside chats with industry leaders, immersive learning experiences, and social impact activities that further enrich the journey.

With approximately 200 UAE Nationals expected to join, the programme will span six months, continuing to unlock new potential while supporting Emaar’s vision of being an employer of choice for top local talent.

–Ends–

Note to Editors:

About Emaar Properties

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of ~1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 118,400 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 38 hotels and resorts with around 9,200 keys (includes owned as well as managed hotels). Today, 34 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:

Facebook: www.facebook.com/emaardubai;
X:www.twitter.com/emaardubai;
Instagram: www.instagram.com/emaardubai

For all media queries, please contact: PR@emaar.ae

• Four-month rent waiver to support over 50 tenants with Lake and Fountain-facing
terraces

Dubai, United Arab Emirates, 23 April 2025: Emaar Malls Management (LLC) has announced a dedicated rent support initiative for Food & Beverage (F&B) tenants with terrace spaces facing the Lake and Fountain areas at Dubai Mall and Souk Al Bahar. The move comes in light of the closure of Dubai Fountain, which has long served as a key attraction for visitors to these venues.

To help offset the potential impact on footfall and terrace-based dining experiences, Emaar will waive the rent for affected terrace spaces for a period of four months, from June through September 2025.

In addition, Emaar is introducing new measures to further enhance the visitor experience in the area. This includes the installation of 400 metres of state-of-the-art digital screens across the promenade, designed to animate the location with engaging visual content and help retailers maintain footfall during the fountain’s closure.

The Lake and Fountain-facing terraces have long been prized for their vibrant ambiance, offering guests front-row views of Dubai Fountain’s spectacular shows and the serene waterfront setting. With these elements having played a vital role in attracting diners and enhancing the overall visitor experience, Emaar’s gesture underscores its commitment to supporting its tenants through evolving market dynamics.

Supporting Tenants Amid Changing Dynamics

“For years, Dubai Fountain and surrounding lake have contributed significantly to the popularity of these destinations,” said Mohamed Alabbar. “As we move into a new chapter, this rent support reflects our commitment to long-term partnerships and to helping tenants navigate this transition with resilience and confidence.”

A Continued Commitment to Excellence

The terraces at Dubai Mall and Souk Al Bahar continue to offer unmatched city views, world- class cuisine, and a unique atmosphere. With this support and the introduction of immersive digital enhancements, tenants are well-positioned to continue delivering memorable experiences while adapting to the changing dynamics of the area.

Emaar Malls remains steadfast in its commitment to empowering businesses with sustainable solutions that foster growth and value across its retail communities.

–Ends–

Note to Editors:

About Emaar Properties

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of ~1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 118,400 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx.

1.4 million sq. mtr. of leasing revenue-generating assets and 38 hotels and resorts with around 9,200 keys (includes owned as well as managed hotels). Today, 34 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:

Facebook: www.facebook.com/emaardubai; X:www.twitter.com/emaardubai; Instagram: www.instagram.com/emaardubai

For all media queries, please contact: PR@emaar.ae

  • Continued Annual Contributions of Over US$ 50 Million to Sustain and Modernise Globally Renowned Events and Attractions
  • Strong Focus on Local Community Impact Through Community Initiatives and Sponsorships

Dubai, United Arab Emirates, 22 April 2025: Emaar, the master developer behind Dubai’s most iconic landmarks, has invested over US$ 1 billion in shaping and enhancing the city’s global identity. This cumulative contribution underscores the company’s long-standing commitment to reinforcing Dubai’s international standing through cutting-edge experiences, vibrant cultural platforms, and landmark social infrastructure.

From creating and operating Dubai Fountain—the world’s largest choreographed fountain—and producing the internationally acclaimed New Year’s Eve celebrations at Burj Khalifa, to enabling the launch and continued success of Dubai Opera as the region’s cultural epicentre, Emaar has consistently raised the bar in enriching Dubai’s urban and cultural fabric.

These signature experiences are sustained and enhanced through ongoing annual investments exceeding US$ 50 million, covering not only the operation and maintenance of key attractions, but also the evolution of immersive technologies and entertainment formats. This includes the modernisation of Burj Khalifa’s façade with next-generation lighting and projection systems, enabling captivating narratives that reach millions of viewers globally.

In addition to its physical contributions, Emaar continues to champion inclusive growth and community wellbeing. Through the Emaar Foundation, the company supports a wide range of local causes—from charitable housing and development programmes to national sports and cultural sponsorships—demonstrating its integral role in nurturing both city and society.

“Emaar’s journey has always been rooted in a vision that transcends construction—it is about crafting experiences that inspire, unite, and leave a lasting impact,” said Mr. Mohamed Alabbar, Founder of Emaar. “Our investments are a testament to our belief in Dubai’s limitless potential, and we are proud to play a key role in defining its global narrative.”

Emaar’s commitment to excellence, innovation, and community empowerment continues to drive progress, shaping Dubai’s future as a leading global hub. With bold ideas and sustained contributions, the company is poised to play an even greater role in defining the city’s next chapter as it strives to become one of the most admired destinations in the world.

–Ends–

Note to Editors:

About Emaar Properties

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of ~1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 118,400 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 38 hotels and resorts with around 9,200 keys (includes owned as well as managed hotels). Today, 34 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:

Facebook: www.facebook.com/emaardubai; X:www.twitter.com/emaardubai; Instagram: www.instagram.com/emaardubai

For all media queries, please contact: PR@emaar.ae

  • Last performance before closure set for 19 April 2025

Dubai, United Arab Emirates, 28 March 2025: As Emaar gears up for the planned renovation of Dubai Fountain, the date for its final show before the refurbishment has been revealed. The iconic fountain, located in the heart of Downtown Dubai, will perform its last show on 19th April 2025, before temporarily closing for a comprehensive restoration aimed at ensuring its continued brilliance.

Since its inception, Dubai Fountain has emerged as a defining symbol of Dubai’s creative prowess, drawing millions of visitors from around the world with its stunning synchronised performances of water, light, and music. The upcoming renovation will preserve the fountain’s spectacular displays, ensuring it continues to mesmerise and inspire visitors for years to come.

Mr. Mohamed Alabbar, Founder of Emaar, said: “Dubai Fountain stands as a reflection of Dubai’s bold vision and its ability to captivate and inspire on a global scale. This restoration underscores our commitment to maintaining its legacy as a beacon of creativity and excellence. We look forward to welcoming guests back to experience the fountain in all its renewed splendour.”

While Dubai Fountain undergoes its scheduled maintenance, visitors can continue to immerse themselves in the vibrant experiences of Downtown Dubai. From world-class shopping and dining at Dubai Mall to awe-inspiring views of Burj Khalifa, the area remains a dynamic hub for both tourists and residents alike.

Emaar looks forward to reopening Dubai Fountain later this year, ensuring it remains a cherished landmark and a source of inspiration for guests from across the globe.

–Ends–


Note to Editors:

About Emaar Properties

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of ~1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 118,400 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 38 hotels and resorts with around 9,200 keys (includes owned as well as managed hotels). Today, 34 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:

Facebook: www.facebook.com/emaardubai; X:www.twitter.com/emaardubai; Instagram: www.instagram.com/emaardubai

For all media queries, please contact: PR@emaar.ae

Dubai, United Arab Emirates – 26 March 2025: Emaar Development PJSC (DFM: EMAARDEV) today held its Annual General Meeting (AGM), where the Board of Directors reviewed the company’s financial performance for 2024 and discussed its future growth strategy.

During the AGM, shareholders approved the Board of Directors’ proposal to distribute a dividend of AED 2.7 billion (US$ 740 million), representing 68% of the share capital. The Board’s report on the company’s activities and financial position, as well as the Auditor’s report, were also approved.

Emaar Development reported property sales of AED 65.4 billion (US$ 17.8 billion) in 2024, reflecting a 75% increase compared to the previous year. The company’s revenue backlog reached AED 90.9 billion (US$ 24.7 billion), supporting future revenue growth. Total revenue for the year amounted to AED 19.1 billion (US$ 5.2 billion), up 61% from 2023, while net profit before tax increased by 20% to AED 10.2 billion (US$ 2.8 billion).

Throughout 2024, Emaar Development launched 62 projects across its master plans, further strengthening its presence in the market and reinforcing its commitment to shaping high-quality communities. The company also acquired 141 million square feet of prime development land, with a total development value of AED 96 billion.

Mohamed Alabbar, Founder of Emaar, commented: “Our 2024 results are a testament to our focus on excellence, innovation, and customer satisfaction. Every project we launch is about more than just real estate—it’s about building communities that enhance the lives of residents and contribute to Dubai’s global appeal.”

He added: “By embracing technology and sustainability, we aim to redefine modern living while ensuring lasting value for our customers and stakeholders. Looking ahead to 2025, we will further strengthen our commitment to introducing new developments that align with our vision for sustainable urban growth, while supporting economic growth and nurturing the next generation of talent.”

-Ends-

Note to editors:

About Emaar Development PJSC:

Emaar Development is a developer of prime residential and commercial build-to-sell (BTS) assets in the UAE. The company is behind iconic freehold master-planned communities in Dubai, including Emirates Living, Downtown Dubai, Dubai Marina, Arabian Ranches, Dubai Creek Harbour, Dubai Hills Estate, Emaar South, Rashid Yachts & Marina, The Valley and The Oasis. It has delivered 74,000+ residential units since 2002. The company has a sales backlog of over AED 90.9 billion. It is a high cash flow generating business, highlighting the company’s robust fundamentals with over 42,000 residential units under development to be delivered.

For more information, please visit https://properties.emaar.com/en/investor-relations/emaar-properties-pjsc/

For more information and media queries:

PR@emaar.ae

The Company Reports Property Sales of AED 70 Billion for 2024

Dubai, United Arab Emirates – 25 March 2025: Emaar Properties PJSC (DFM: EMAAR) today held its Annual General Meeting (AGM), where the Board of Directors reviewed the company’s financial performance for 2024 and outlined its strategic direction for the future.

During the AGM, shareholders approved a 100% dividend payout, amounting to AED 8.8 billion, in line with the company’s commitment to delivering value to its investors. This follows the introduction of Emaar’s updated dividend policy in December 2024. The meeting also included the approval of the auditor’s report for 2024, along with the board’s report on the company’s activities and financial position.

Emaar’s financial results for 2024 reflected strong operational performance and continued growth across its key business segments. The company recorded property sales of approximately AED 70 billion (US$ 19 billion), representing a 72% increase compared to 2023. Emaar’s revenue backlog from property sales exceeded AED 110 billion (US$ 30 billion), supporting future revenue generation.

Total revenue for 2024 reached AED 35.5 billion (US$ 9.6 billion), marking a 33% year-over-year increase, while net profit before tax grew by 25% to AED 18.9 billion (US$ 5.1 billion). EBITDA for the year stood at AED 19.3 billion (US$ 5.2 billion), with a margin of 54%.

Emaar remains focused on delivering ongoing projects as scheduled while prioritising innovation, quality, and operational efficiencies. Investments in digital transformation, talent development, and sustainable growth initiatives will continue to support the company’s long-term strategy.

Mohamed Alabbar, Founder of Emaar Properties, said: “Emaar’s 2024 results reflect our dedication to operational excellence, innovation, and customer experience. As we move forward, we remain committed to sustainable and technology-driven growth, further enhancing Dubai’s position as a leading global destination for investment and development while aligning with the UAE’s Net Zero 2050 vision.”

Looking ahead to 2025, Emaar will continue introducing new developments and lifestyle offerings, further cementing its presence in the real estate sector.

For more information, visit https://properties.emaar.com/en/investor-relations/.

–Ends–

Note to Editors:

About Emaar Properties

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of ~1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 118,400 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 38 hotels and resorts with around 9,200 keys (includes owned as well as managed hotels). Today, 34 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:

Facebook: www.facebook.com/emaardubai; X:www.twitter.com/emaardubai; Instagram: www.instagram.com/emaardubai

For all media queries, please contact: PR@emaar.ae

  • A Celebration of Flavours, Fashion & Entertainment from 7th to 29th March

Dubai, United Arab Emirates – March 6, 2025: Dubai Creek Harbour (DCH) is set to host a vibrant popup activation, Ramadan Nights by the Creek, from 7th to 29th March, offering a dynamic mix of food, homegrown and international brands, live entertainment, and kids’ workshops. This special event promises to be a highlight of the Ramadan season, creating a welcoming atmosphere for families and friends alike.

Located at the stunning Dubai Creek Harbour Promenade, Ramadan Nights by the Creek offers visitors a unique and captivating experience. With its breathtaking views and colourful ambiance, the event combines traditional charm with contemporary attractions, making it a must-visit destination.

At the heart of the event is an exceptional culinary journey, featuring a diverse selection of beloved cafes and restaurants. Renowned brands such as Arabica, Ladurée, Cult Matcha by Trio, Khudri & Chai Al Weekend, Amaya, Feels, and Luna Coffee will present their signature offerings through vibrant food stalls, serving everything from artisanal coffee and gourmet desserts to authentic local dishes, ensuring a feast for every palate.

Beyond the food, attendees will have the opportunity to explore a curated marketplace featuring an array of homegrown brands and international favourites. Fashion and beauty enthusiasts can browse carefully selected collections from brands like Al Aneeqah Style and Dakhoon, offering elegant Emirati pieces that add a touch of sophistication to the occasion.

Adding to the bustling atmosphere, Ramadan Nights by the Creek will feature live performances, as well as interactive kids’ workshops, offering young visitors exciting and creative activities for a truly engaging experience for all ages.

Running daily from 8:00 PM to 3:00 AM, Ramadan Nights by the Creek invites guests to enjoy a delightful evening of gourmet flavours, stylish shopping, and lively entertainment, making it the perfect destination for a memorable night out.

-Ends-


Note to Editors:

About Emaar Properties
Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of ~1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 118,400 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 38 hotels and resorts with around 9,200 keys (includes owned as well as managed hotels). Today, 34 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:
Facebook: www.facebook.com/emaardubai; X:www.twitter.com/emaardubai; Instagram: www.instagram.com/emaardubai

For all media queries, please contact: PR@emaar.ae

  • Starting in May, the iconic attraction will be closed for five months

Dubai, United Arab Emirates, 5 February 2025: Emaar has announced the temporary closure of Dubai Fountain, the world’s largest performing fountain, located at Downtown Dubai, to undergo a comprehensive upgrade and routine upkeep. The renovation will commence in May and is expected to take five months to complete.

For years, Dubai Fountain has been the heartbeat of Downtown Dubai, captivating millions of visitors with its synchronised water, music, and light performances. As a symbol of celebration and artistry, it has set the stage for unforgettable moments, applauded by audiences from all over the world.

This enhancement will ensure that the fountain continues to deliver breathtaking performances, elevating the visitor experience with even more mesmerising displays. The upgrades will include advanced technology, improved choreography, and an enhanced sound and lighting system, all designed to create an even more spectacular and immersive show. While the fountain takes a short break for these essential improvements, guests can still immerse themselves in the vibrant offerings of Downtown Dubai, from its world-class shopping and dining experiences at Dubai Mall to its stunning views of Burj Khalifa.

Commenting on the upgrade, Mr. Mohamed Alabbar, Founder of Emaar, stated: “Dubai Fountain is more than a spectacle—it is a reflection of Dubai’s soul, where art, innovation, and emotion come together in perfect harmony. As we elevate this iconic landmark, we continue to create experiences that connect people, inspire wonder, and stand the test of time.”

Emaar remains committed to delivering exceptional experiences, and is excited to unveil an even more spectacular Dubai Fountain upon its return. The fountain’s temporary closure will allow for the necessary improvements to preserve its iconic status as one of the world’s most celebrated water features, ensuring that it remains a cherished destination for years to come.

-END-


About Emaar Properties

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of ~1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 118,400 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 38 hotels and resorts with around 9,200 keys (includes owned as well as managed hotels). Today, 34 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on:
Facebook: www.facebook.com/emaardubai; X:www.twitter.com/emaardubai; Instagram: www.instagram.com/emaardubai

For all media queries, please contact: PR@emaar.ae

Emaar successfully completed its mid-year internal staff rally, presenting significant milestones and achievements.

Dubai, UAE, July 10, 2024 – Emaar Properties held its mid-year internal staff rally, a quarterly gathering where Emaar’s leadership reviews and shares the Company’s operational performance and way forward with the staff. During the rally, Emaar presented significant milestones and achievements across all areas of its operations.

Commenting on the company’s performance in the first half of 2024, Mohamed Alabbar stated: “Our performance in H1 2024 shows Emaar’s relentless pursuit of excellence and innovation. We are not just managing businesses; we are shaping legacies and transforming communities for a prosperous future.”

Some of the highlights presented during Emaar’s H1 2024 Rally include:

Emaar Development saw remarkable progress with 30 launches successfully completed, resulting in the sale of 8,400 units within the first six months, representing 56% growth. Emaar partnered with 995 agencies and trained 5,945 agents through the Emaar Academy to achieve such growth. Certain significant projects, including Address Residences Zabeel and Palace Residences Dubai Hills Estate, sold 2,500 units each in just seven days, highlighting Emaar’s strong market presence and appeal. The company awarded 50 construction contracts worth AED 8.7 billion.

Additionally, Burj Khalifa achieved LEED Platinum certification for sustainable construction, further showcasing Emaar’s commitment to sustainability.

Emaar’s malls, including Dubai Mall, continued to thrive, with Dubai Mall being recognised as the most visited place on Earth in 2023 with 105 million visitors. In H1, 2024, the mall recorded 8% increase in footfall as compared to the same period in 2023. Enhancements such as improved carpark availability and world-class washroom designs further elevated the visitor experience.

Emaar Entertainment and Dubai Opera experienced unprecedented success, with record-breaking attendance at Dubai Opera, attracting 250,000 spectators. The Marassi Aquarium & Underwater Zoo, the largest in Bahrain, and the first IMAX with Laser in Bahrain’s Reel Cinemas, showcased Emaar’s commitment to delivering exceptional entertainment experiences.

Operational excellence remained a key focus, with 2,331 fire safety and emergency preparedness training sessions conducted, training 6,561 Emaar and retailer staff. Emaar Community Management effectively managed water accumulation during heavy rainfall in April, ensuring continuous support and recovery for affected communities.

Emaar notably offered free repairs for all residential units within its communities which were affected by the heavy rains. More than 4,500 homes were repaired until end of June 2024.

Emaar’s project development continued to excel, earning the ‘Developer of the Year’ award by Arabian Business. With 30 launches completed and 8,400 units sold in H1 2024, representing a 56% growth compared to H1 2023,

Internationally, Emaar marked significant achievements with the 100% sale of Urban Oasis in Gurgaon during its launch and substantial progress in Panorama and The Views in Karachi.

Emaar Hospitality celebrated numerous accolades, including Forbes Travel Guide 5-Star Ratings for Address Istanbul, Address Beach Resort, and Armani Hotel Dubai. New openings and rebranding efforts, such as the rebranding of Address Dubai Mall and the opening of Palace Dubai Creek Harbour, underscored Emaar’s commitment to delivering exceptional hospitality experiences.

Customer excellence remained at the forefront, with over 21,000 service requests handled, 6,000+ unit registrations managed, and 3,500+ units handed over to customers in H1 2024. Additionally, 500+ mystery shopper audits were conducted to ensure the highest standards of service.

Emaar’s H1 2024 rally focused on the company’s dedication to innovation, quality, and customer satisfaction. Looking ahead, Emaar remains committed to its mission of creating a lasting legacy of excellence by inspiring success in every community it serves.

-ENDS-

 

Note to Editors:

About Emaar Properties

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank over 1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 109,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. m. of leasing revenue-generating assets and 34 hotels and resorts with over 8,700 keys (includes owned as well as managed hotels). Today, 38% of Emaar’s revenue is from its shopping malls & retail, hospitality & leisure and international subsidiaries.

Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on: Facebook: www.facebook.com/emaardubai, X: www.twitter.com/emaardubai, Instagram: www.instagram.com/emaardubai.

For more information:
Emaar Marketing Department

Email: PR@emaar.ae

 

• Emaar Development’s sales backlog has increased to AED 65.7 billion (US$ 17.9 billion), to be recognised as revenue in the coming years.
• Emaar Development’s announced the launch of two major developments: The Heights Country Club & Wellness and Grand Polo Club & Resort, spanning over a total 141 million square feet of land, with a combined development value of AED 96 billion (US$ 26 billion).

Dubai, United Arab Emirates – May 14, 2024: Emaar Development PJSC (DFM: EMAARDEV), the UAE build- to-sell property development business that is majority-owned by Emaar Properties PJSC (DFM: EMAAR), achieved in Q1 2024 (January to March) a 50% increase in property sales reaching AED 12.9 billion (US$ 3.5 billion) compared to AED 8.6 billion (US$ 2.3 billion) in Q1 2023. This performance resulted from Emaar Development’s successful property launches, which created a good revenue pipeline for the future and marked steady progress towards the company’s strategic initiatives to further cement its position as a trusted developer.

Emaar Development successfully launched 10 projects across various master plans during the first quarter of 2024.

During the first quarter of 2024, Emaar made a significant acquisition of a land plot measuring 60 million square feet near to The Oasis masterplan, with a development value of AED 41 billion (US$ 11 Billion). This compliments the 81 million square feet of land purchased in December 2023 in the same vicinity. Emaar announced the launch of these two major developments on these lands as well: The Heights Country Club & Wellness and Grand Polo Club & Resort, spanning over a total 141 million square feet of land, with a combined development value of AED 96 billion (US$ 26 billion).

Anticipated to enhance Emaar’s sales and profitability, these developments not only demonstrate Emaar’s vision to create the highest standards of luxury living experiences, but also strategically position the company to launch a substantial number of villas and townhouses, which are expected to boost sales and profitability, reinforcing our position as a leading global property developer.

Performance Highlights

In the first quarter of 2024 (January to March), Emaar Development reported an EBITDA of AED 1.7 billion (US$ 463 million), 48% higher than Q1 2023.
Emaar now has a sales backlog of AED 65.7 billion (US$ 17.9 billion), which will be recognised as revenue in the coming years due to robust performance.

Emaar’s founder, Mohamed Alabbar, said: ” The company began the year 2024 with strong financial results, which demonstrate our superior sales execution capabilities as well as our ongoing efforts to further enhance operational efficiencies. Our growing backlog reflects the strong demand in our primary markets. Our strategic positioning allows us to accelerate growth and deliver unmatched value to our shareholders, thereby reinforcing our role in Dubai’s economic vitality.”

Dubai continues to lead as a business hub for trade, financial services, logistics, travel, and hospitality, with growth in emerging sectors such as technology, renewable energy, healthcare, and education. As evidenced by Emaar Development’s sales growth in the first quarter of 2024, the region attracts a community of skilled professionals and a continued investment in the region’s consistent growth potential.

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Note to editors:

About Emaar Development PJSC:

Emaar Development is a developer of residential and commercial build-to-sell (BTS) assets in the UAE. The company is behind iconic freehold master-planned communities in Dubai, including Emirates Living, Downtown Dubai, Dubai Marina, Arabian Ranches, Dubai Creek Harbour, Dubai Hills Estate, Emaar South, Rashid Yachts & Marina, The Valley and The Oasis. It has delivered approximately 71,000 residential units since 2002. The company has a sales backlog of over AED 65.7 billion. It is a high cash flow generating business, highlighting the company’s robust fundamentals with over 30,000 residential units under development to be delivered.

For more information, please visit https://properties.emaar.com/en/investor-relations/emaar-properties-pjsc/

 

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