Emaar Properties PJSCEmaar Properties PJSC ("Emaar") was incorporated on June 23, 1997 under the laws of the United Arab Emirates and commenced operations on July 29, 1997. The principal activity of Emaar is to invest and develop properties, provide property management services, engage in education, healthcare and hospitality services and invest in financial services providers.
Emaar, incorporated in 1997, is one of the world's leading real estate companies - having developed approximately 89 million square feet of real estate across residential, commercial and other business segments and with operations in 14 countries spanning the Middle East, North Africa, Asia and Europe. Emaar is developing several real estate projects in its primary market of Dubai. These include Emaar’s most ambitious project within the UAE, the Downtown Burj Dubai development. This is a 500 acre development and will feature developments such as the Burj Dubai - stated to be the world's tallest building, the Dubai Mall - stated to be one of the world’s largest entertainment and shopping malls and the Dubai Fountain, stated to be one of the world’s tallest performing fountains. In the Kingdom of Saudi Arabia, Emaar is developing the King Abdullah Economic City - a 168 million square meter development which is planned to be a mixed use project located on the coast of the Red Sea and will include a sea port, industrial zone, central business district, resort zone, educational zone and residential communities.
Some of Emaar’s other international projects include - Marassi, an up-market tourism resort and Uptown Cairo, a master-planned residential project, both in Egypt, Amelkis II and Amelkis III in Morocco, Samarah Dead Sea Resort in Jordan, Tuscan Valley Houses in Turkey and The Eighth Gate in Syria. In the hospitality and leisure sector, Emaar has launched a new hotel brand namely, The Address Hotels Resorts and as of August 31, 2009, had opened one hotel under this brand and two hotels are due for opening during September-October 2009. Additionally, Emaar owns and manages a diverse and award-winning portfolio of leisure assets, including golf resorts, a polo and equestrian club, health clubs, and the Dubai Marina and associated yacht club. Emaar has also entered into an exclusive agreement with Giorgio Armani S.p.A. to build and manage Armani hotels and resorts globally.