TM

Emaar Properties Architectural Innovations

Over the past 17 years, Emaar has redefined the dynamics of property development, which now serves as a template for others across the world

206 | WORLD’S GREATEST BRANDS 2015 e all know as the tallest building in the world; but not many know which companyW built it; of course, after the revelation anyone would show the has shaped the city’s skyline and has same admiration for the company expanded to international markets. that they have for Burj Khalifa. It has transformed into an The world’s largest mall, The Dubai extraordinary city, a global hub, and Mall, was also built by this same the world’s leading business, leisure company, and so was , and fashion hub; and in return the world-famous artificial canal the world has accepted it as one CERTITUDES city. The name—initially in UAE of the most valuable and admired • Emaar has been shaping and now in the entire world—is companies. Its vision is to create landscapes and lives in synonymous with trust, innovation, enormous value for its shareholders, the Emirate since the quality and satisfaction. The name is stakeholders and the economy. Emaar Properties! Believing in the philosophy, ‘one company’s inception in cannot discover new oceans if one 1997. THE FIRE WITHIN lacks the courage to lose sight of the • is the Emaar Properties was founded in shore, the driving force of Emaar home of Burj Khalifa - 1997 as one of the leading developers Properties is winning the trust of the world’s first in the UAE and the pioneer of its shareholders. Hotel Dubai; the world’s master-planned communities in Respecting its shareholders, it Dubai, such as the , believes that they are the ones highest restaurant Emirates Living, and Dubai Marina. who have given it the opportunity - At.mosphere; the With an initial capital of AED to partner in Dubai’s amazing world’s largest shopping one billion, a huge figure by any transformation into a global hub. It and entertainment standards, it was soon known for made Dubai an extraordinary city destination - The its signature development projects in one of best nations in the world, Dubai Mall. such as Downtown Dubai that and in turn Dubai made it one of transformed the real estate sector the world’s most valuable and most in Dubai, . admired companies. The company has developed Building the Future of the World competencies in hospitality & leisure, With a Q2 2015 profit of 1.18 billion BEACON OF shopping malls, and commercial and dirham as opposed to 1.02 billion TOMORROW residential property development. In dirham for the same period last 2004, the company started operating year, Emaar Properties has reported • Q1 2015 revenue grew internationally providing property rising profits in nine consecutive by 26% to AED 3.013 development and management quarters despite a marked slowdown billion (US$ 820 million); services. With six business segments in Dubai’s property market. Two of profit increased to AED and 60 active companies, Emaar has the prestigious projects it’s working 1.026 billion. a collective presence in 36 markets on currently includes The Hills at across the Middle East, North Emirates Living, due to be completed • Cash dividend of 15% Africa, Pan-Asia, Europe and North by 2016 as per its Sales Agreement of the share capital America. with Al Ghandi and Consolidated equivalent to around Contractors International (AGCC), AED 1.074 billion THE DRIVING FORCE a deal worth Dh844 million, and (US$ 292 million) Emaar Properties has built strategic the other comprising several key was distributed to partnerships to synergise its own constructions for the World Expo architectural innovations with future 2020 in Dubai. shareholders. needs and ideas to build smart cities of • The area of the mega- future. Its ambitious and passionate project Dubai Dontown team challenges conventions and is 500 acre. refuses to compromise on quality, value, style and service. In its constant quest to be extraordinary, it

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