Emaar Properties , a Dubai -based Public Joint Stock Company , United Arab Emirates and one of the largest real estate companies in the world, is listed on the Dubai Financial Market and part of the Dow Jones Arabian Titans Index.
The company announced its net profit for the first quarter as of March 31, 2006 reached AED 1,517 billion (US $ 413.1 million) - a significant increase in the AED of 1,325 billion (US $ 361.0 million) for the most important period from the previous year. Emaar's net profit for this year which ended on December 31, 2005 increased by 180%, gaining a record of AED 4,731 billion (US $ 1,288 billion). This figure represents a large increase in AED 1,691 billion (US $ 460 million) for 2004 , and reflects the company's significant growth since 1997 .
In the United Arab Emirates
With more than 14,000 homes, Emaar has several large real estate projects through various types of development challenges in Dubai. The company also owns and manages Gold and Diamond Park .
Emaar has begun construction of the most ambitious project, a development that costs AED 73 billion (US $ 20 billion), the Burj Dubai Downtown , which includes the Burj Dubai - the tallest tower in the world when completed in 2008 , 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, parks and gardens.
Located in the Burj Dubai, Armani Hotel and Residences Dubai contains 160 hotel rooms, restaurants and a spa covering more than 40,000 m². Above the hotel are 144 luxury apartments designed by Giorgio Armani and lacquered by the Armani Casa house lacquer collection.
Joint ventures
Emaar has joint ventures and projects in several countries including India , Egypt , Turkey , Morocco , Bahrain , Syria , Jordan , Pakistan , Lebanon , Tunisia and Saudi Arabia .
International projects include: Cairo Heights and Smart Village, both in Egypt; Boulder Hills, a world-class residential community in Hyderabad, India; resort projects double in Morocco, including Amelkis II & III and Bahia Bay, luxury golf housing communities; the Eighth Gate project in Damascus, the first community design in the city; and Lakeside in Istanbul, a landmark for Turkish culture and trade hubs.
In Saudi Arabia, Emaar has a project on the creation of an AED 98 billion (US $ 26.6 billion) project, King Abdullah Economic City , a mixed development that includes 55 million m² of field land with 35 km of coastline close to the port city of Jeddah .
Expansion Plan
Last year, property builders announced plans to expand the retail store sector with an investment of AED 15 billion (US $ 4 billion) to build approximately 150 malls on the emerging markets of the Middle East, North Africa (MENA) and the Indian subcontinent.
While continuing to expand the business core of real estate development, Emaar has made variations to nearby businesses. Emaar owns and manages EMRILL, a joint venture with Carillion based in the United Kingdom which provides property management facilities and services. Emaar also holds a 30% stake in Dubai bank, focusing on retail stores and trading banks and is the largest shareholder in Amlak Finance, an Islamic finance company in the UAE.
Mohamed Ali Alabbar
Mohamed Ali Alabbar, Director General [1] Dubai Department of Economic Development and Chair of Emaar Properties, as a member of the Dubai Executive Council, the highest government body with a mandate to combine all growth initiatives in Dubai.
Mr Alabbar is an inventor of the Arab Business Council member, inaugurated by the World Economic Forum. [2] Euromoney Magazine included it as one of the 5 most important Arabs among 50 global economic leaders, when [3] Advertising Age chose it as one of the International Marketing Superstar of the Year (19960. Arabian Business Magazine, 2006, ranked Mr. Alabbar the 6 of the 50 most important Arabs.
A graduate of Finance and Business Administration from [4] Seattle University, USA (1981), Mr. Alabbar began his work with [http: // www.centralbank.ae/] UAE Central bank, before formalizing his international presence with a 5-year assignment as Director and Dubai Government General Manager-owned by Al Khaleej Investments in Singapore.
Under the guidance of Mr Alabbar, the Department of Economic Development, which he managed in 1992 , pioneered public policy that strengthened trade and business segments in Dubai while serving a clear and open culture. Leaving its mark in the formulation of [5] Dubai Quality Awards and making world-famous big shows, [6] Dubai Shopping Festival and Dubai Summer Surprises , Mr. Alabbar has served as Deputy Chair [7] Dubai Aluminum Company Ltd. (DUBAL) and [8] Dubai World Trade Center (DWTC).
As chairman of Emaar Properties, one of the largest real estate companies in the world, Mr Alabbar has changed the real estate environment in Dubai.
Mr Alabbar leads Emaar's international expansion towards emerging markets in Saudi Arabia, Morocco, Egypt, Syria, Jordan, Lebanon, Turkey, Tunisia, India and Pakistan. A recent high profile business was the inauguration of the AED 97.7 billion (US $ 26.6 billion) project, [9] King Abdullah Economic City, the largest single private investment sector in Saudi Arabia. Emaar is a designer to make variations in sectors such as education, health, finance, hospitality and retail. Mr Alabbar also collaborated with [http: // www.giorgioarmani.com/] Giorgio Armani to organize a network of 30 luxury hotels and resorts under the Armani brand name in the key international city - starting with Milan and Dubai .
Mr Alabbar is chairman [10] of RSH Ltd., a Pan-Asian market, distributor and retailer for sports, golf , active lifestyles and fashion products with an AED of 1,281 billion (US $ 348.86 million). He also has a joint venture with Tan Sri Syed Mokhtar Al-Bukhary at Gulf International Investmen Group (GIIG) for project areas in Asia and the Middle East.
Mr Alabbar is chairman [11] of the UAE Golf Association, and has put Dubai on the global sports map as long as it is involved with PGA-level golf tournaments. [12] The annual Dubai Desert Classic. He is named as one of the 10 people who have a golf personality in the world by [13] Golf World. He is also the chairman of [14] Rashid Pediatric Center, a charitable organization for children with special needs, and works with Arab NGOs to make jobs and build small businesses.
United Arab Emirates Project
Burj Dubai Downtown
[15] A construction of the 500-acre project, the Burj Dubai Downtown which includes the Burj Dubai - the tallest tower in the world when completed in 2008 , The Dubai Mall - the world's largest shopping and entertainment complex; The Residences - an exclusive high-level apartment tower series; and Old Town - a low-level traditional housing community inspired by Arabic architecture.
The Old Town Island; Burj Dubai Business Hub; Burj Dubai Lake Hotel and Serviced Apartments; The Lofts; and Burj Views add to the property network in the Burj Dubai Downtown. This ambitious development will make a new city center and provide a choice of upscale life, work and entertainment in the widest km² area on earth.
Arabian Ranches
[16] The construction of a multi-billion premium in the desert has spread thousands of acres and also includes an 18-hole golf course designed by Ian Baker-Finch and Nicklaus Design, a polo field and an equestrian center. Luxury homes, set in tranquil landscapes, designed to the last standard.
Emirates Hills
[17] Offers a unique opportunity for national and expatriates to buy land and build their dream home. Emirates Hills is one of the widest community designs in Dubai. Beautiful landscapes and exteriors make this project one of the requests after the Emaar luxury project.
The Lakes
[18] The Lakes, a luxury housing on the outskirts of a city built around the lake, offers the widest community life that is different. The Lakes are surrounded by watery plantations, community parks and some of the best facilities in the city. The Lakes has proven a popular choice with other options in Dubai.
The Views
[19] The Views, with a perfect view of each and all apartments, offers extraordinary aspects of the Emirates Golf Club and the nearby lakes. This exclusive project combines Dubai with world-class golf and easy access to 5-star beach hotels and restaurants. With an exclusive field and network of recreational facilities, The Views offers the dream lifestyle of the highest order.
The Greens
[20] The mid-rise mix, high-quality apartment blocks in beautiful landscapes make Emaar's most popular project. Recreational facilities include a swimming pool, gymnasium, children's play area and outdoor dining area and a nearby retail shop. The Greens is close to Sheikh Zayed Road and Dubai Internet City, adding to its appeal as a favorite home.
The Meadows
[21] This is a premium villa project that offers luxury villas with two floors of 3 to 7 rooms, each villa surrounded by gardens and garages. The outdoor decoration of the villa The Meadows is inspired by 25 different architectural styles and spacious designs, useful for attractive family homes. Swimming pool, landscaped garden, children's play area, children's room and school are incorporated to offer upscale family accommodation.
The Springs
[22] The Springs is the construction of an innovative seaside villa built around a beautiful lake and features a network of beautiful seaside villas. The Springs includes the best architectural style, a landscape picture and a unique community environment with on-the-door-step facilities and recreational options.
Dubai Marina
With luxury apartments and villas with a marina background, this development offers luxurious seaside life in a sophisticated Riviera environment. With sailboats moored along the marina and some of Dubai's best restaurants, entertainment and leisure facilities, Dubai Marina is the top choice for style and sophistication.
Umm Al Quwain Marina
Repeating the construction of the Mediterranean coastal city, Umm Al Quwain Marina is a large seaside community plan that offers more than 9,000 homes and is spread over 1,488 acres. 2,600 residential villas and 6,500 apartments will be built by the sea or by the beach. Some seaside villas will be built on large islands that can be accessed through the gate. Small islands will offer luxury villas. The project also has 1,200 resorts and hotel rooms as well as parks, recreation areas, retail shop facilities, schools and community centers.
Emaar Leisure
The Montgomerie
An 18-hole world-class championship linking the development of Emirates Hills from Emaar, The Montgomerie was designed by master architect Desmond Muirhead and seven-time European Order of Merit winner Colin Montgomerie. Led by Troon Golf, The Montgomerie covers an area of 200 acres with waves that challenge all levels of players. With 14 lakes and 81 bunkers, this place has strong statements from others in the country. One of the signature hole designs, 3/13 par, has the largest single green in the world. Laying surfaces made of grass Dwarf Ultra Bermuda Dwarf Flora.
The Dubai Polo & Equestrian Club
Dubai Polo & Equestrian Club from Emaar builds polo, high jump and horseback riding to develop in the UAE. A center of full service equestrian themed Andalusian architectural style, the club features Spanish-style club houses with lounges and restaurants, horseback riding, and nail shops, spas and swimming pools. Club members can watch polo matches on 1 or 2 polo fields, try their polo skills on the field to practice, or learn to ride horses.
Arabian Ranches Golf Club
Formerly known as The Desert Course, the Arabian Ranches, the Arabian Ranches Golf Club are 18 hole golf courses and have 72 par sand fields designed by Ian Baker-Finch in collaboration with Nicklaus Design. The field is 'sand disposal' with native scrub. All golf carts are equipped with yard yard GPS services . The Spanish colonial-themed Clubhouse takes care of the Ranches Restaurant and Bar, with terraces overlooking the 9th and 18th holes. Inside the club there are 11 luxuriously furnished guest rooms. Professional golfers at the Golf Academy offer a variety of teaching programs and Proshop has new golf equipment and golf clothing.
Golf and Diamond Park
[23] Describing Dubai's global rankings as a gold and jewelry trading hub, Gold and Diamond Park from Emaar, inaugurated in 2001, houses retail stores and production units that offer the best jewel, jewelry and gold businesses. Located on Sheikh Zayed Road, Gold and Jewelery Park makes it easy to start an easy business and has a work environment with proper ventilation and disposal facilities. Each unit has central gas distribution and central air conditioning. Strong security features and a friendly environment.
Emaar Business Park
Emaar Business Park symbolizes Dubai's latest growth corridor around the 5th intersection in the Dubai Marina. Built in a landscape-rich environment, the development includes 4 buildings equipped with technology that offers wireless telephone systems, fast internet connections, video conference facilities and a central satellite television. All buildings are equipped with optical fiber stairs and updated technology for data transfer. A spacious restaurant, parking space for 2,000 cars and retail shop facilities complement the business lifestyle. The Head of Emaar's office occupies one of 4 buildings.
Emaar Towers
Located in the heart of Dubai in Rigga Al Buteen. Emaar Towers is a residential property of 16-storey twin towers that offer the best luxury life. With spacious apartments that have privileges, which are self-made wardrobes, large balconies and beautiful views of Dubai Creek. The project has 1, 2, 3, and 4 apartment beds, penthouses, sub penthouses and sky bridges with units ranging from 764 to 3,250 square feet. Underground parking, vehicle pick-up points, advanced security and artistic communication are other aspects.
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