Emaar Properties

About Emaar Properties

Emaar Properties is a real estate developer headquartered in Dubai and listed on the Dubai Financial Market. The company was founded in 1997 by Mohamed Alabbar, and it is best known as the developer of the Burj Khalifa and The Dubai Mall. Its portfolio spans master-planned residential communities, hotels and retail assets, which together produce recurring income alongside a large development pipeline. Emaar operates in the UAE and in international markets. In May 2026 Dubai Holding completed the acquisition of a 22.27% stake in Emaar from the Investment Corporation of Dubai (ICD). Under the transaction ICD transferred its entire holding to Emirates Power Investment, a wholly owned subsidiary of Dubai Holding, through the Dubai Central Securities Depository. Dubai Holding's total shareholding in Emaar rose to 29.73%, making it the developer's largest shareholder, while ICD no longer holds any Emaar shares. Emaar continues to be separately listed and managed. Gulf Business and Khaleej Times reported the completion and Emaar's disclosure to the market in the second week of May 2026. Financial terms of the share transfer were not published in the announcements. The two groups already had a commercial relationship. In 2022 Emaar acquired full ownership of Dubai Creek Harbour in an AED 7.5 billion transaction that included a share issuance to Dubai Holding. Dubai Holding has described the Emaar investment as consistent with a strategy of a diversified global investment portfolio, and it reports assets of more than AED 500 billion across over 30 countries. Emaar published results for the first quarter of 2026 on the same day as the stake transfer. Revenue rose 23% to AED 12.4 billion (about USD 3.4 billion), and profit before tax rose about 33% to AED 7.2 billion, according to the company's press release. Property sales reached about AED 22.4 billion, up 16%, and the revenue backlog at 31 March 2026 stood at about AED 163.4 billion, up 29% year on year. Sales in its UAE development segment were AED 20.1 billion, up 22%. For the first half of 2026, Emaar reported revenue up 21% to AED 23.9 billion and profit before tax up 23% to AED 12.8 billion, with the revenue backlog at AED 164.9 billion.

Leadership

• Ahmed Jamal Hassan Jawa, Vice Chairman
• Jamal Majed Khalfan Bin Thaniah, Board member
• Omar Karim, Board member; Group Chief Investment Officer, Dubai Holding
• Amit Jain, Leads group business strategy and operations
• Pawan Chindalia, Finance leader
• Maitha Al Dossari, Head of Central Functions, Emaar Group Dubai
• Mustafa Akram, Head of International, Emaar International

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