Emaar plays a key role in Dubai Real Estate

30-Jan-2006

Emaar Properties PJSC, Dubai based real estate developer and the world's No. 1 real estate developer in terms of market capitalization, which has played a key role in Dubai real estate has won three awards at the recent Euromoney Gulf Real Estate Awards for its contribution to property development.

Emaar that has been awarded the 'Best Overall Developer in the UAE' as well as 'Best Residential Developer in the UAE', and also an 'Outstanding Contribution Award' for Mr. Mohamed Ali Alabbar in recognition of his work and foresight in the real estate sector has played a key role in shaping Dubai's skyline. Emaar is receiving the honor for the second time.

Emaar has been at the forefront of the property boom ever since its inception in 1997. It has witnessed tremendous growth and a rapidly expanding customer base which has seen the leading property developer deliver more than 12,800 homes and over one million sq. ft. of office space to date. Emaar constantly strives to create master planned communities for a growing Dubai population while creating new architectural benchmarks for global property developers.

Abdulla Lahej, Emaar's Director of Construction said, "Emaar has been a pioneer for the property industry in the UAE and has led the way in shaping Dubai into the modern international capital it is today. With a passion for improving peoples' lives through high quality, innovative real estate, Emaar has played a significant part in reshaping the skyline of Dubai, encouraging investment and acting as a catalyst for Dubai's property boom.'

With joint ventures and projects across the region covering Saudi Arabia, Egypt, Jordan, Morocco, Syria, India and Pakistan, Emaar is making new inroads into new markets. Earlier this year Emaar announced plans to aggressively expand the retail sector with investments of over AED 15 billion to develop approximately 100 malls in the mega emerging markets of the Middle East, North Africa and the Indian subcontinent. Additionally Emaar has a joint venture company with Giorgio Armani to build and manage 10 Armani hotels and resorts across the globe.