Mohamed Alabbar founded Emaar Properties in Dubai in June 1997. Under his leadership, Emaar has grown across MENA and Asia, with a 1.7 billion square foot land bank. Since 2002, Emaar has delivered over 102,000 residential units and manages 38 hotels and resorts. By September 2023, Emaar reported an impressive $5 billion in revenues and held assets worth $37.3 billion, with a market cap of $16.8 billion, a testament to its financial success.
Emaar’s subsidiaries, including Emaar Entertainment, Emaar Malls Management, and Emaar Hospitality Group, have developed iconic projects like the Burj Khalifa, Dubai Mall, and The Dubai Fountain. Recently, Emaar unveiled The Oasis, a luxury community with 7,000 units, and finalized designs for Dubai Square, a massive shopping and entertainment complex at Dubai Creek Harbour. Other notable projects include the Dubai Opera, Emaar Beachfront, and the Address Hotels + Resorts.