Category: Business Segments

  • The submission window is open from 6to 26 May

Dubai, United Arab Emirates, 6 May 2025: Emaar is excited to launch a unique invitation to local talents and UAE residents to design a projection for the world- renowned Burj Khalifa. The winning design will be brought to life on the iconic façade of Burj Khalifa, with the designer receiving a grand prize of AED100,000. Entries will be accepted from 6 to 26 May 2025, providing artists, designers, and creatives a chance to leave their mark on one of the world’s most celebrated landmarks and share their vision with a global audience.

Participants are invited to submit original projection videos and animations that capture the spirit of innovation, creativity, and the vibrant culture of Dubai. Submissions should showcase dynamic visual content with a duration of three minutes and must comply with specific technical requirements to ensure seamless integration with Burj Khalifa’s advanced projection system. A detailed set of technical specifications — including resolution, format, and mapping guidelines — as well as the full terms and conditions, can be found at www.burjkhalifa.ae/open-call.

Mohamed Alabbar, Founder of Emaar, said: “At Emaar, we believe that talent knows no boundaries. Burj Khalifa stands not only as a symbol of human achievement but also as a canvas for creativity and innovation — open to everyone with a talent to share. Through initiatives like this, we reaffirm our commitment to nurturing creativity and providing a platform where ideas can reach new heights. We are proud to open our doors to every dreamer, artist, and innovator, offering them the opportunity to contribute to our collective story of achievement.”

The winning designer will not only receive a cash prize of AED 100,000 but will also have their work displayed on Burj Khalifa, offering unparallelled global exposure. This is a rare opportunity for emerging and established talents to showcase their creativity on an unprecedented scale, inspiring millions of people across the world.

Submissions must be sent to opencall@emaar.ae, accompanied by a short concept description explaining the inspiration and story behind the design.

Emaar invites all creatives based in the UAE to be part of this exceptional moment and bring their artistic vision to life on the world’s tallest canvas.

-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

• 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

  • A visionary masterpiece where luxury meets unprecedented equestrian living

Dubai, United Arab Emirates – 23 April 2025: The world’s leading real estate developer, Emaar, has unveiled its newest masterplan, Grand Polo Club & Resort – a collection of exclusive luxury villa communities with polo and equestrian heritage at its core. Spanning a sprawling 5.54 million SqM and strategically located minutes away from the upcoming expansion of Al Maktoum International Airport, this visionary masterpiece is set to establish a new standard of residential experience.

It is also surrounded by other Emaar masterplans such as The Oasis and The Heights Country Club & Wellness, while being a few minutes’ drive from Emaar South, Dubai Marina, and Downtown.

Comprising 22 villa communities and over 6,600 exclusive residences, the game of polo and a passion for all things equestrian form the heart of this new destination. At the centre of this master community lies “The Green Core,” which consists of three expansive polo fields, private stables, a riding school, and a luxurious clubhouse.

“By using landscape berms and expansive lawns, The Green Core was created to foster a harmonious environment that emphasises the beauty of the exclusive equestrian experiences it offers. Positioned at the heart of the masterplan, it enhances the aesthetic appeal while promoting a sense of community and connection to nature,” said a spokesperson from Emaar Development.

The landscape narrative is an equestrian journey that traverses through a multi-sensory environment, offering surprises at every turn and creating an everlasting memory as you glide through moments of grandeur.

With a total open space amounting to 1.59 million SqM, the landscape plan is further segmented into pedestrian and cycling networks, riding trails, countryside meadows, and outer pastures. The polo fields and stables occupy an impressive 340,000 SqM combined.

The Clubhouse is crafted for an ultra-luxury guest and spectator experience. This single-storey building is a modern marvel that draws inspiration from both global and local architectural excellence. A fundamental element of the Clubhouse design is the custom-made clay breeze blocks, derived from the horseshoe, which stand out distinctively on the façades. With a rooftop infinity pool overlooking the fields and swanky F&B options, this hospitality destination will be Dubai’s newest sought-after scene.

The Stables are an architectural gem inspired by spiral geometric control. The organic design encircles a large, landscaped courtyard with a stunning water feature. This iconic design is set to become a significant global landmark in the equestrian realm. Able to accommodate 180 horses, the Stables also feature a plush members’ lounge.

“Circular elements were used to convey expansiveness, frame important landscape moments, and incorporate water features that create a playful, inviting scenery,” added the Emaar Development spokesperson.

Regal residences at Grand Polo Club & Resort range from 3-, 4- and 5-bedroom exclusive villas with views, connectivity, and spaces where light and air engage in thematic play throughout. While some homes allow you to wake up to the energy of horses and the vastness of horizontal greens, others place you in close proximity to key amenities such as linear parks, countryside meadows, outer pastures, the community centre, clubhouse, and more.

Here, seamless landscapes are envisioned to offer a contemporary take on classic polo grounds. Inspired by natural elements and the textures of soil, this new masterplan is set to define the monumentality of the vision.

As Emaar continues to shape the future of luxury living, this new residential community is a thoughtfully designed homage to the heritage of the spectacular game of polo and the equestrian-loving fellowship. Grand Polo Club & Resort is crafted to harness the free spirit and speed of the horse. This is where equestrian opulence reaches far beyond imagination.

-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

• 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

Property Sales recorded impressive 75% increase amounting to AED 65 billion (US$ 18 billion); Backlog crosses AED 91 billion (US$ 25 billion)

  • Emaar Development’s Revenue increased by 61% to AED 19.1 billion (US$ 5.2 billion)
  • EBITDA increased to AED 9.4 billion (US$ 2.6 billion) indicating a high EBITDA margin of 49%.
  • Net Profit before tax increased by 20% to AED 10.2 billion (US$ 2.8 billion); a net margin of 53%.

Dubai, United Arab Emirates – 14 February 2025: Emaar Development PJSC (DFM: EMAARDEV), the UAE’s premier property development company specialising in the build-to-sell property development business, and a majority-owned subsidiary of Emaar Properties PJSC (DFM: EMAAR), achieved the best results ever in 2024, through assertive determination challenging the status quo. The company’s performance is a clear testimony of its efficiencies, hard work, customer focus, construction excellence and innovation.

Key Highlights of the Annual Results:

  • Sales Growth: Emaar Development achieved its highest ever property sales of AED 65.4 billion (US$ 17.8 billion); an increase of 75% over 2023 sales of AED 37.4 billion (US$10.2 billion). The success of 62 projects launches across all the masterplans during 2024 further underscores Emaar’s market leadership and positions the company for sustained future growth.
  • Backlog Growth: Enhanced by record sales during 2024, revenue backlog reached to AED 90.9 billion (US$ 24.7 billion) as of 31 December 2024; an increase of 59% from 2023 indicating a significant increase in revenue in the forthcoming years.
  • Revenue Growth: Emaar Development recorded highest ever Revenue amounting to AED 19.1 billion (US$ 5.2 billion) in 2024, a 61% increase compared to 2023.
  • Profitability: The company also recorded its highest ever Net Profit (before tax) of AED 10.2 billion (US$ 2.8 billion); an increase of 20% as compared to 2023.
  • Dividend: Emaar Development’s board has proposed its highest ever dividend of 68% of its share capital amounting to AED 2.7 billion (US$ 740 million), an increase of 31% from 2023, subject to approval of shareholders at the forthcoming Annual General Meeting of the Company.
  • Business Expansion: Acquired 141 million square feet of development land in prime area with a total development value of AED 96 billion during the year.
  • Customer Satisfaction: In 2024, Emaar Development repaired all homes affected by unprecedent rain at its own cost. Our results are due to this unwavering focus on the customer requirements, product and service quality to achieve highest customer satisfaction.
  • Young Talent development for future: Investing in our people is a priority. We are committed to providing training and development opportunities to nurture young UAE National talent, foster a culture of excellence and get them ready to take leadership roles in Emaar in near future.
  • Focus on cost and efficiencies: The Group is passionate about managing its costs in most efficient and optimised manner. The costs are maintained even with significantly increased business through efficient use of resources and innovation.
  • Sustainability: The Group is establishing a detailed strategy in respect of sustainability, and we focus on resource use, waste management, water stewardship, and responsible sourcing while promoting environmental responsibility through various initiatives.

Mohamed Alabbar, founder of Emaar, stated, “We are really pleased with our 2024 results which is a result of us pushing our limits, doubling our targets, achieving the best efficiencies and working hard with complete focus on our customers. Our success is a result of the trust and confidence of our customers and our utmost efforts to go beyond the norm in terms of our product design, delivery quality, superior maintenance of our communities and effective customer service.

The company’s progress also reflects the emirate’s proactive economic strategies and its dedication to positioning Dubai as a global hub for innovation and investment.

With these results, we look forward to a continued positive performance in 2025 as well. We remain committed to unveiling innovative projects and unparalleled offerings.”

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 90.8 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