Top 10 Companies in Dubai 2016

Posted in Top Brand Lists, Total Reads: 375
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2. EMAAR Properties

Founded on 23rd July, 1997, EMAAR Properties needs no introduction in the world of real estate.


Image: Wikimedia

It is undoubtedly among the leaders in the real estate and construction sector companies in United Arab Emirates (UAE). The fact that EMAAR Properties is among the leaders is exemplified by its flagship construction – the mighty Burj Khalifa, which is the tallest building in the world.

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Headquartered in Dubai, EMAAR Properties is a public joint stock firm, and was listed on the Dubai Financial Market (DFM) on March 26th 2000. It was actually the first real estate company in UAE to offer its shares to overseas citizens. It has a paid-up capital of over 7 billion Dirhams (AED), and also ranks first in terms of Market Capitalization among all the real estate companies listed on the DFM. Its subsidiary EMAAR Malls Group is also a leading real estate company, specializing in shopping malls and retail centres development and management.

Other than the iconic Burj Khalifa, EMAAR properties also has diversified interests in other real estate segments such as commercial and residential property construction, and also shopping malls and hospitality. The company has expanded its operations internationally, and with its premier construction and management services, has its presence felt in 36 markets across Middle East, Europe, North Africa, Asia and North America. Among its notable construction projects outside UAE is Hyderabad International Convention Centre (HICC) in Hyderabad, India and the development of 2010 Commonwealth Games Village in Delhi, India, which was constructed by its joint venture with MGF India. On an expedition to beat its own record, EMAAR Properties now wants to construct a building taller than its own Burj Khalifa, and plans to complete it by 2020.

PARAMETERS:

Market Capitalization [in AED 000's]: 40738915

Income (AED Million): 13661

Total Profit (AED Million): 4,082.17