Interesting facts:

Virtually 60% of the Emirates’ GDP derive from foreign capital investments income. Full version

Overview of the Emaar Properties construction company

Article image: Overview of the Emaar Properties construction company

Emaar Properties has gained the worldwide fame owing to the construction of the world's biggest shopping malls and other famous buildings, including the skyscrapers Burj Khalifa and the Dubai Mall.

Emaar Properties — one of the largest developers in UAE

Founded in 1997, now Emaar Properties is the largest construction company in the Arab world. It includes more than 60 subsidiaries that have already implemented many construction projects. Emaar Properties owns about 14 thousand buildings in Dubai. Some of them have already been put into service, and others are just being constructed.

The reliability of Emaar Properties is illustrated by the fact that among the shareholders there are the members of Dubai’s government. The headquarters of the company is located in DownTown Dubai, near the world-famous Burj Khalifa tower.

The main business line of the company is investing in the construction of premium class buildings in Abu Dhabi and Dubai. Moreover, it has construction sites in Saudi Arabia, Turkey, Syria, Egypt, Pakistan, Jordan, Morocco, Lebanon, Canada and the United States.

Besides the Burj Khalifa and Dubai Mall, the list of buildings constructed by Emaar Properties in Dubai includes such prestigious residential areas as The Greens, The Meadows, The Views and The Springs. For their construction there were used the best materials and technologies. The beautiful architecture is perfectly complemented by its own infrastructure: schools, shopping malls, recreation areas, swimming pools, gyms, beauty salons, barbecue areas, and many others. The main goal of the company is to provide the inhabitants with the conditions compared with the staying in the hotel. The real estate, built by Emaar company, belongs to the category of prestigious and high quality architecture.

A few words about the history of Emaar Properties

As it was mentioned, the year of foundation of Emaar is 1997. Within a year, the company started one of the most ambitious projects not only in the UAE, but in the whole world. The projects comprise the downtown Burj Khalifa, which includes the highest building in the world Burj Khalifa, Dubai Mall, Burj Khalifa Boulevard, artificial lakes, lush parks and plenty of residential complexes.

In 1999 the construction of the residential area of Emirates Hills was started, and in 2000 the construction of Dubai Marina, one of the most beautiful and fashionable areas of Dubai, was launched. In the spring of 2001 the company started the construction of the shopping mall Gold and Diamond Park, and in 2002 it began creation of the luxurious villa community Arabian Ranches. In 2003 it was announced about the construction of the Dubai Mall and Burj Khalifa. The year 2008 was marked by opening the shopping centre Dubai Mall and the famous singing fountains.

The Emaar Properties’ nearby plans include construction of the world’s highest skyscraper, which will exceed even the height of the Burj Khalifa (828 m). According to the director of the construction company, this project is to be launched in 2020 in honour of the Dubai international exhibition EXPO 2020.

comments powered by Disqus

More articles from "Dubai & UAE business news":