Emaar Properties - Emaar Properties in Dubai, UAE By Dubai Business Minds : Emaar Properties Sep 17, 2004, 13:58

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Emaar Properties - Emaar Properties in Dubai, UAE

Emaar Properties is a Public Joint Stock Company listed on the Dubai Financial Market. With an asset base of US$ 7.7 billion (including land) Emaar has witnessed tremendous growth since its inception in 1997. In 2003 Emaar reported net profits of AED 676 million (US $ 184 million), a 31 percent increase on the previous year. Total sales revenue was AED 3.72 billion (US $ 1.01 billion) – up 179 percent on 2002.

Currently, it has ten major real estate projects under various stages of development. These developments include Dubai Marina, Arabian Ranches (including Gazelle), Emirates Hills, The Meadows, The Springs, The Lakes (including Hattan Homes), The Greens and Emaar Towers in downtown Dubai. The company also owns and manages the Gold and Diamond Park and has begun construction of Burj Dubai - the tallest skyscraper and largest shopping center in the world.

While Emaar continues to actively pursue expansion in its core business of innovative, high quality real estate development it has diversified into related business lines to further build value for its over 40,000 shareholders. In line with this corporate belief, Emaar also owns and manages four subsidiaries: Dubai Bank, Amlak Finance, Emrill Services, and Sahm Technologies. Emaar has grown to an international class organization and is now moving into world markets.

Emaar Vision & Mission

“Our vision is to contribute to Dubai's future through a corporate philosophy based on meticulous planning, innovation and continued pursuit of excellence.

We are creating a new architectural benchmark for global property developers and contributing towards the growth of Dubai as a tourist destination”

Mohamed Ali Alabbar, Chairman.

Emaar Communities

Dubai Desert Paradise

Arabian Ranches took the mystery and beauty of the desert and brought it to life in a remarkable place to live. Over 5000 desert-inspired homes are nestled among riding trails and the region’s first Equestrian Centre and polo fields. Play like a pro on world-class desert style golf courses, one designed by Ian Baker Finch in association with Nicklaus Design. Relax at the spa or shop in the quaint Town Centre. Arabian Ranches reflects the beauty of its environment and is exceptionally comfortable as well.

A Collection of Distinguished Communities

From spacious and affordable apartments to distinctive, exclusive estates, Emirates Living is a collection of neighbouring Emaar properties for every price point and lifestyle. From our crown jewel, Emirates Hills, to The Lakes, The Meadows, The Springs and The Greens, all of our Emirates Living properties provide beautiful homes, tranquil scenery, and quality living.

Heartbeat of a New Dubai City

Dubai Marina is a master planned community for 40,000 people located in the centre of Jumeirah. Resort hotels, pristine beaches, exclusive shopping, a variety of beautiful homes and a tranquil marina are only the beginning. With floating towers, annual events, compelling public spaces and world-class design, Dubai Marina will be a centre of diversity and excitement, a celebration and tribute to the forward thinking city of Dubai.

Emaar Lifestyle

Emaar's master-planned developments are designed to reflect the interests of a wide range of communities including the golf community, yachting community, and equestrian community.

The golfing community will find unlimited opportunities within Emaar's properties. Emaar is a major sponsor of the Dubai Desert Classic and following on the success of the classic Montgomerie course has now launched Emaar Golf Communities comprising Savannah at Arabian Ranches and Hattan II at Emirates Golf Club.

A horse-lover's paradise is to be found in Arabian Ranches. Catering to every type of horse enthusiast. Arabian Ranches offers a world class polo ground, an equestrian centre and trainers for all types of equestrian events.

At Dubai Marina the yachting community will find mooring facilities nestled beneath the soaring towers. The world's largest master-planned waterfront community will offer residents, facilities restaurants, entertainment and shopping.

Emaar is also committed to supporting the artistic community. The Emaar International Art Symposium has total prizes of US$ 90,000 with eighty top artists from the region and elsewhere participating. By associating Emaar International Art Symposium with Burj Dubai Development and The Dubai Mall, Emaar will provide a creative forum for the arts in Dubai.

Through creating a sense of community across all nationalities and cultures Emaar is contributing to the cultural mosaic that makes up life in Dubai. The master planning going into Emaar's community developments also reflect the challenges of shaping our built environment and neighbourhoods in harmony with Dubai's natural setting and the environment.

Emaar Key Financials

Reflecting its commitment to openness and transparency, key financial figures for the Financial Year ending December 31, 2003 are presented. Emaar adheres strictly to the directives of the International Accounting Standards Board. Emaar is one of the few companies in the U.A.E. to publish regular financial data and has been a leading advocate of greater openness in U.A.E. financial reporting.

Emmar Property Projects:

Within UAE: 800 4990

Outside UAE: +971 4 316 4300