Emaar Properties: Standing Tall
The Emaar Properties was founded in 1997 and it is a Public Joint Stock Company (PJSC) listed in Dubai financial market. Government of Dubai holds 32% of equity. Emaar has started its business with US$ 274 million in 2007 and was largest company in Middle East which was dealing in real estate at that time. The Emaar was the first real estate developer to provide freehold property in Dubai. Later Emaar has also launched some more ventures like financial services for real estate, education, health care, hotels and hospitality services.
The Chairman of Emaar Properties is Mr. Mohamed Ali Alabbar, who is also the Director General of Dubai Department of Economic Development. The Vice-Chairman is Mr. Mohamed Khalfan Bin Kharbash and the Director is Mr. Abdul Aziz Aabdallah Al Ghurair.
The construction has been fast paced as the completion of another landmark project, Burj Dubai Downtown, from Emaar has come close. This project is worth a staggering US$ 20 billion. Burj Dubai has to be the world’s tallest free standing structure on its completion. The tower will have up to 162 levels having all magnificence and state of the art amenities, world’s tallest and fastest elevators and the fascinating and exclusive hotels and shopping areas with coffee shops in it.
The Dubai Mall, Burj Dubai Business Hub, The Lofts, The Old Town, The Old Town Island, Burj Dubai Boulevard, The Residences, Burj Views, man-made lakes, landscaped parks and gardens will also be the signature mark of Emaar Properties. More Emaar developments under way are listed as:
• Arabian Ranches
• Downtown Burj Dubai
• Dubai Marina
• Emaar Golf Homes
• Emaar Towers
• Emirates Hills
• The Greens
• The Lakes
• The Springs
• TheViews
• Umm Al Quwain Marina
• The Meadows
The company has joint ventures and projects across the region covering India, Egypt, Turkey, Morocco, Bahrain, Syria, Jordan, Pakistan, Lebanon, Tunisia and Saudi Arabia. Major international projects include: Cairo Heights and Smart Village, both in Egypt; Boulder Hills, a world-class leisure and residential community in Hyderabad, India; multiple resort projects in Morocco, including Amelkis II & III and Bahiya Bay, luxury residential golfing communities; Eighth Gate project in Damascus, the city's first master planned community; and Lakeside in Istanbul, a landmark development for Turkey's cultural and commercial hub. In Saudi Arabia, Emaar is embarking on the creation of the $26.6 billion King Abdullah Economic City, a mixed use development covering 55 million square meters of Greenfield land with a 35 km shoreline close to the port city of Jeddah.
Emaar is all set up to heighten its local and international properties with its creative, diligent and passionate team to stand tall as Burj Dubai.
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