AT A GLANCE

TURNING DREAMS
TO REALTY

Emaar Properties PJSC strives to provide its customers with the highest possible quality of life. Our dream is to make our communities a place where anything is possible and we design and construct landmarks to reflect these possibilities. Each of our buildings exemplifies innovative design and construction that pushes the boundaries.

We have pioneered the development of master-planned communities and designed integrated lifestyle destinations such as Downtown Dubai, Dubai Marina, Marassi and Uptown Cairo. We have developed shopping centres, hotels, resorts, office buildings and apartment complexes, and we are renowned for providing our clients with the finest in modern conveniences, amenities and retail and entertainment experiences, right at their fingertips.

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A 25-year young company
with unbeatable scale

Financial performance

AED . Bn

(US$ . Bn)
Total property sales
(including JVs/JDAs)

AED . Bn

(US$ . Bn)
EBITDA

AED . Bn

(US$ . Bn)
Revenue backlog

BBB-/Baa3

(with stable outlook)
Credit rating

Environment

. MW

Renewable energy capacity in the UAE

Social

~AED Mn

CSR expenditure

Governance

%

Independent Directors on the
Board of Directors

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.

Jamal Bin TheniyahChairman

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MESSAGE FROM THE MANAGING DIRECTOR

ONWARD TO
NEWER HORIZONS

Emaar’s transformational growth agenda has advanced with scale and speed over the last year, owing to a number of significant transactions and strategic development projects which include substantial geographic and sector expansion across the platform.

Mohamed Ali AlabbarManaging Director, Emaar Properties PJSC

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KEY PERFORMANCE HIGHLIGHTS

GROWING AND
PROGRESSING

We continued our growth momentum driven by robust property sales and a steady performance of our recurring revenue business.

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AED . Bn

(US$ . Bn)
Revenue

AED . Bn

(US$ . Bn)
Property sales backlog translating into prospective revenues

% Increase

2022

Net profit*

*Attributable to Owners

% Increase

2022

EBITDA

Emaar Development

AED . Bn

2022

(US$ . Bn)
Worth of property sales

%

2022

YoY growth

Hospitality, Leisure, Entertainment &
Commercial Leasing

AED . Bn

(US$ Mn)
Revenue

%

YoY growth

%

2022

YoY increase in ADR

Malls

%

2022

Growth in
EBITDA

%

2022

Occupancy rate of Dubai Malls, Emaar Malls Management’s prime asset

OUR
BUSINESSES

From waterfronts to golf greens, promenades to skyline views, and high-street designer villas to serviced apartments, our residencies offer users a wide berth to fulfil their desires. Our focus is on delivering premium living experiences and, in the process, redefining ‘living in Dubai’.

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Emaar Malls Management, a wholly-owned subsidiary of Emaar Properties PJSC, helps to make us one of the largest and most integrated real estate companies in the MENA region. The ‘Jewel in our Crown’ is Dubai Mall, one of the most visited malls in the world, with over 80 Mn visitors every year. Quickly recapturing pre-Covid traffic levels, Dubai Mall is currently at a 99% occupancy rate and serves as the model for our retail expansions both in the domestic and international markets.

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Emaar Hospitality owns and manages a portfolio of hospitality assets and brands. These include Address Hotels + Resorts, Vida Hotels and Resorts, Armani Hotels, Rove Hotels (JV with Meraas) in addition to serviced residences and leisure clubs.

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Key Numbers

~% of sales value

Default rate

AED . Bn Sales backlog

Translate into future revenues

~ Mn sq ft

Land bank#

~ Mn sq ft GFA

Future launches#

#Includes Lusaily land bank of Emaar Properties PJSC

Key Numbers

%

Contribution to group revenue

%

Average occupancy rate in the UAE

Operating hotels and JV hotels

Over ,

Total keys across hospitality portfolio

. Mn sq ft

Commercial leasing space in Dubai

Key Numbers

Presence in

Targeted high-growth countries

Mn sq ft

Land bank in key international markets (excluding . Bn sq ft in Emaar, The Economic City in Saudi Arabia)

,000+

Units delivered since the start of international operations

AED . Bn

Property sales achieved during 2022

AED . Bn

Revenue backlog from property sale to be recognised over the next 3-4 years

Key Numbers

%

YoY growth in 2022 revenues

%

YoY growth in profitability

.+ Mn sq ft

GLA in retail (being managed in Dubai)

HOW WE CREATE VALUE

DELIVERING STRONGER
OUTCOMES

OUR
STRATEGY

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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.

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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

Challenges drive progress. Our ambition of becoming a sustainability leader in our industry is motivated by the need to master the challenges of climate change. Several opportunities exist, and we are already working to embed sustainability in many ways.

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SOCIAL

THE WIND BENEATH
OUR WINGS

Our employees, customers, suppliers and communities have made Emaar the well-respected brand that it is today through their trust and hard work. In order for these stakeholder groups to prosper, we constantly work to establish relationships that are mutually beneficial and to deliver long-term value.

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GOVERNANCE

LEADING WITH
INTEGRITY

We strive for the highest standards of corporate governance. With commitments to meet the expectations of shareholders, customers, and other stakeholders, we are dedicated to conducting our business responsibly, ethically, and in compliance with applicable laws and regulations.

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Our stakeholders

UNDERSTANDING
NEEDS AND
EXPECTATIONS

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

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materiality

IDENTIFYING
WHAT MATTERS
THE MOST

Our materiality assessment helps us evaluate ground realities, better understand the external environment and align our priorities pragmatically.

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RISK MANAGEMENT

RISK
MANAGEMENT

Amidst the challenges of an uncertain and evolving business environment, it is imperative to have in place a robust framework that systematically assesses the risks to our business, both external and internal, along with stringent measures to address them effectively.

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