AT A GLANCE
BRINGING MORE DREAMS TO LIFE

At Emaar Development PJSC, we strive to provide the most exceptional living experience possible, with aspirations of turning Dubai into an unrivalled destination. Our iconic architectural landmarks have become synonymous with Dubai’s identity, symbolising its ambition, innovation and determination to push boundaries. Our properties reflect our dedication to sleek design, creativity and exclusivity as we seek to deliver the highest standards.

~0 Mn sq ft
Land Bank in UAE
0+ Units
Delivered since 2002
0+ Units
Under development
2022 at a Glance
Financial performance
AED 11.5 Bn
Revenue

AED 41.3 Bn
Revenue backlog from property sales

AED 4.2 Bn
EBITDA

AED 3.8 Bn
Net profit*
*Attributable to Owners
Environment
32%
Waste segregation rate
Social
32%
Women in workforce
Governance
57%
Independent directors on Board of Directors
DELIVERING VALUE FOR OUR STAKEHOLDERS
DELIVERING
CONSISTENT PROGRESS

At Emaar, we prioritise customers and create value for all stakeholders by providing an aspirational lifestyle beyond dreaming big. Our dedication to quality and excellence ensures long-term value creation. Our unmatched expertise in building vibrant communities, coupled with our vision and ambition, delivers value and meaning to all our stakeholders.

Investors

Superior stakeholder returns through optimal utilisation of resources

~20%
Return on Capital Employed

AED 0.95
Earning Per Share (EPS)
Customers

Best-in-class products
and services

99%
Customer complaints resolved

4.64 out of 5
Customer satisfaction score
People

Protecting and nurturing
our employees

ONE
Fire incident in 2022 (UAE)

100%
Compliance to Emaar’s HSSE standards
Partners and Suppliers

Creating an inclusive ecosystem for partners

98%
Business through our local partners
Communities

Empowering communities for a better tomorrow

35
Electric charging stations installed across six communities
Environment

Minimising our impact on the environment

51,105 MT
Waste segregated in 2022
CHAIRMAN’S MESSAGE
SHAPING THE TOMORROW
WE DESIRE, TODAY

Our balance sheet strength, robust cash flows and profitability, impeccable execution track record, and future‑forward ideas will enable us to successfully navigate any headwinds that may arise.

Adnan Kazim

Chairman

MESSAGE FROM EXECUTIVE BOARD DIRECTOR
ONWARD TO
NEWER HORIZONS

Our record performance this year bears out Dubai’s continuing appeal to the millions who visit our city and the many high-quality professionals who choose to stay and build their lives here. Emaar continues to be the first choice among customers, reflecting in the Company’s performance.

Mohamed Ali Alabbar

Executive Board Director

Our Business
EMAAR DEVELOPMENT
in a snapshot
Property Sales
(In AED Bn)
Net Profit*
(In AED Bn)

Proven execution
AED 30.7 Bn
Domestic sales
AED 41.3 Bn
Revenue backlog from property sales
6,100+
Residential units delivered
2022
~290 Mn sq ft
Land bank in the UAE
~58,000+
Residential units delivered till date
27,000+
Residential units under construction

Financial strength
AED 11.5 Bn
Revenue
AED 4.2 Bn
EBITDA
AED 3.8 Bn
Net profit*
Governance
50%
Committee chairs occupied by women
*Attributable to Owners
Our Business
JOINING STRENGTHS,
INCREASING IMPACT
Consolidated entities*
Dubai Hills Estate (50%)

Partnership between Emaar and Meraas Holding to create a mixed-use development with a series of unique neighbourhoods set around an 18 hole championship golf course.

Mina Rashid (100%)#

Partnership between Emaar and Mina Rashid Properties LLC to develop Mina Rashid land into a mixed-use community as per the masterplan. It will be known as the world’s new sailing destination.

#30% of profit is shared with partners as management fee
JVs/JDAs* with 50% share in profit
Dubai Creek Harbour

Development of an iconic mixed-use waterfront project situated on the banks of the historic Dubai Creek.

Emaar South

Joint Venture between Emaar and Dubai Aviation City Corporation that is part of 145 sq km smart city set to become a pivotal hub in the global economy, located within Emirates’ urban flagship project, Dubai South.

Zabeel Square

Joint Venture between Emaar and Meraas to create a mixed-use development near Zabeel Park, Dubai.

*Major entities considered
How we create value
DELIVERING
STRONGER OUTCOMES
OUR STAKEHOLDERS
UNDERSTANDING
NEEDS AND
EXPECTATIONS

To achieve our purpose, we need to understand our stakeholders. We believe proactive and positive stakeholder engagement helps to secure our long-term success.

MATERIALITY
IDENTIFYING WHAT
MATTERS THE MOST

Our materiality assessment helps us evaluate ground realities, better understand the external environment and align our priorities pragmatically. These periodic exercises lend authenticity and knowledge to our business view, improving our ability to create value.

OUR STRATEGY

As one of the world’s leading real estate developers, we are conscious of the responsibility it carries. The balancing of growth with a small carbon footprint and minimal resource consumption are integral to our daily operations.

ESG AT EMAAR

Our out-of-the-box approach to creating living spaces and cityscapes has created some of the world’s most recognisable landmarks. As society becomes sustainability-conscious, spaces need to transform. Our sustainability strategy is in progress and will define how we make this happen.

Environment
GREENPRINT
FOR THE FUTURE
Social
THE WIND BENEATH OUR WINGS
governance
LEADING WITH INTEGRITY
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