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“WE OWE IT TO THE CITY” EMAAR TELLS BROKERS

6月 7, 2020

Emaar holds second day of special zoom conferences with key stakeholders

Emaar chairman Mohamed Alabbar has told real estate brokers to join him in fighting revive the industry, as the UAE gradually eases Covid-19 restrictions.

In the second of a series of calls with key Emaar stakeholders, Alabbar said: “We are in this together and we owe it to the city and to the country to work harder than ever to revive the real estate market.”

Alabbar outlined a series of on-going benefits for UAE real estate investors, and several steps being taken to help stimulate the market.

He said: “You, the agents, are ambassadors for Dubai and the UAE. We will do everything we can to support you with new and out of the box ideas. Whether it is through innovative digital offerings or focusing on the world class infrastructure and connectivity the UAE offers, I urge you today – do not sit still, grab this opportunity and work with us.”

About Emaar Properties PJSC

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank of 1.6 billion sq. ft in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 56,000 residential units in Dubai and other global markets since 2002. As the second largest developer outside of China, Emaar has strong recurring revenue generating assets with over 880,000 square meters of leasing revenue generating assets and 21 hotels and resorts with 4,679 rooms (includes owned as well as managed hotels). Emaar’s current pipeline of developments includes cutting-edge residential and mixed-use projects such as Dubai Hills Estate, Dubai Creek Harbour, Mina Rashid and Emaar South.

Emaar’s successful track record has been recognized by a number of awarding bodies including Forbes Magazine which in 2019 listed Emaar Properties among the Top 20 in a list of The World’s Best Regarded Companies. This is in addition to placing first in the Forbes Middle East 2017 list of 100 leading real estate companies in the Arab World.

Today, 46 per cent of Emaar’s revenue is from its shopping malls & retail, hospitality & leisure and international subsidiaries. Burj Khalifa, a global icon, and The Dubai Mall, the world’s most visited retail and lifestyle destination, are among Emaar’s trophy developments. Emaar has now announced, Dubai Creek Tower, a magnificent icon that will serve as the centrepiece of the Dubai Creek Harbour development, as well as Dubai Square, the retail metropolis of the future. For more information, please visit our website www.emaar.com

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