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49-516: Dubai Hills Mall is owned and operated by Emaar Malls , a subsidiary of Emaar Properties . Emaar Malls is responsible for the construction of The Dubai Mall , the largest shopping centre in the world by total area after The Avenues (Kuwait) mall it is considered to be one of the largest shopping malls in the world. Plans for the Dubai Hills Mall were announced in August 2017 and the completion date

98-608: A 17-screen cinema complex and an outdoor concert arena. Emaar Malls Emaar Pakistan Emaar India Emaar Properties (or simply Emaar ) is an Emirati real estate development company located in the United Arab Emirates . The two largest shareholders are Dubai ruler Mohammed bin Rashid Al Maktoum and the UAE's sovereign wealth fund Investment Corporation of Dubai . It is a public joint-stock company , listed on

147-640: A cost of Dh 800 million (US$ 217 million), the Dubai Fountain is the largest choreographed system in the world. It was designed by WET Design , the California -based company responsible for the fountains at the Bellagio Hotel Lake in Las Vegas . Illuminated by 6,600 lights and 50 colored projectors, it is 275 m (902 ft) long and able to shoot water 150 m (490 ft) into the air, accompanied by

196-476: A cultural initiative of Emaar Properties. Held in the center of Downtown Dubai every year, Dubai's New Year's Gala is one of the most celebrated events in Dubai. The celebration usually comprises a massive firework display and gathers hundreds of thousands of residents and tourists. In 2018, Burj Khalifa's owner and the host of the event, Emaar hosted a special light and laser show 'Light Up 2018' which brought in over

245-624: A land bank of some 6,000 acres to be used for future development. Its existing assets and ongoing projects, as also its land banks, are spread across India: Delhi NCR (particularly Gurugram ), Mohali , Chennai , Hyderabad , Lucknow , Jaipur and Indore . Emaar entered India in the early 2000s by winning the bid for the Hyderabad International Convention Centre , A joint venture, the Cyberabad Convention Centre Private Limited (CCCPL),

294-585: A lawsuit against Emaar Properties and its Chairman Mohamed Alabbar in a California federal court alleging he was wrongfully imprisoned and tortured because he had spoken up on behalf of Emaar foreign workers. The case was dismissed in November 2010 by Lombard. In September 2012, Emaar launched the Address BLVD, a luxurious 72 storey hotel and hotel serviced apartment project in Downtown Burj Dubai adjacent to

343-483: A million visitors and reached over 2.5 billion people through live television broadcast and live streams on social media. 'Light Up 2018' broke a world record for the 'largest light and sound show on a single building.' In May 2015, Emaar announced the twin tower project called Forte Towers – one of which will be a 70-storey building, making it the third tallest tower in the District. It was completed in 2023. According to

392-648: A newspaper article in 2013, Emaar has launched two identically designed towers located on Muhammad Bin Rashid Boulevard in Downtown Dubai. One tower is 20 storeys high and the other is 65 storeys. They consist of 120 and 520 apartments respectively Completion and handover was in July 2018. In September 2018, SSH has been chosen by Emaar and appointed WSP Burj Park Lake Dubai's Opera District. Tower 78 storey and 866 apartments for 30 June 2022. In May 2016, Emaar announced

441-443: A performance by Plácido Domingo . Encircling Downtown Dubai, the 3.5 km road was previously known as Emaar Boulevard based on the area's developer. In December 2012, Emaar renamed the boulevard to pay tribute to Sheikh Mohammed bin Rashid Al Maktoum , Vice-President and Prime Minister of the UAE and Ruler of Dubai. The thoroughfare is famous for an impressive array of restaurants, cafes, and outdoor art exhibitions by Art Emaar,

490-588: A population of 13,201. The development is situated along Sheikh Zayed Road , across from Al Wasl locality on the northwest. It is bounded to the south by Business Bay and to the northeast by Financial Centre Road, which separates it from Zabeel 2 and Trade Centre 2 .At the heart of Downtown Dubai will be Emaar's Burj Dubai Development, a pulsating core offering a city within a city, characterised by high energy entertainment, stylish shopping and dining options that will range from gourmet excellence to offbeat exotic. Arabic low-rise vernacular style of architecture

539-515: A public company commenced after the IPO in 2000. The following year, Emaar announced plans to build Dubai Marina . In 2000, Emaar Properties was listed on the Dubai Financial Market and became the first property company to offer shares to foreign nationals. The first phase of the company's developmental projects began in 2001 when Emaar awarded the contract in a joint venture to build three of

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588-589: A range of classical to contemporary Arabic and world music. On 26 October 2008, Emaar announced, based on results of a naming contest, the fountain would be named the Dubai Fountain. Address Downtown Dubai is a supertall skyscraper rising 306 m (1,004 ft) alongside the Dubai Mall , the Old Town, and the Burj Khalifa Lake. This hotel and the residential tower contains a total of 63 floors . The tower

637-498: A residential, commercial, and recreational community. In 2006, Emaar Misr, an Egyptian subsidiary of Emaar Properties, completed an agreement with the Bibliotheca Alexandrina to redevelop part of its property on the eastern harbor of Alexandria. The new library facility stands almost exactly where the ancient Library of Alexandria existed, however the project has never materialized. In 2008, Emaar Misr began working on

686-579: A series of high and mid-rise towers for residential and commercial use, a shopping centre, a five-star beachfront hotel and a tower located in the heart of the project. The Canyon Views is a project of Emaar in Islamabad , Pakistan . Downtown Erbil is a project for a large-scale mixed-use complex in Erbil . The project was launched by Emaar Properties in 2013 and covers an area of 541,000 square meters. This area will be used for residential apartments, hotels and

735-650: A shopping mall. Downtown Dubai Downtown Dubai or The Dubai Downtown is a large-scale, mixed-use complex in Dubai , United Arab Emirates. It was developed by the Emaar real estate development company. Before 2000, this area was called Umm Al Tarif It is home to some of the city's most notable landmarks, including Burj Khalifa , The Dubai Mall , and The Dubai Fountain . It covers an area of 2 square kilometres (0.77 sq mi), at an estimated cost of US$ 20 billion (Dh73 billion) upon completion and, as of 2017, has

784-681: A tourist resort called Marassi in Sidi Abdel Rahman , located along the Mediterranean coast, that includes a hotel with 3,000 rooms, a marina, and a golf course. The project also included the renovation of the well known Al-Alamein Hotel located within the property. Emaar India has a portfolio of projects spanning all key segments of the Indian real estate industry, including residential , commercial , retail (malls) and hospitality . The company has

833-459: A water zoo. In March 2018, the owner of The Dubai Mall, Emaar Properties , opened an entertainment complex called VR Park, which blends augmented reality and virtual reality (VR). Access to the mall is provided via Doha Street, rebuilt as a double-decker road in April 2009. The Dubai Mall opened on November 4, 2008, with more than 1,200 retailers. The Dubai Mall is the most visited retail destination in

882-620: Is a joint venture between Emaar Properties and IGO, an offshore investment and property development company. The Tuscan Valley development was Emaar's first project in Turkey. Emaar completed the first phase of the Tuscan Valley venture by 2007, which included the development of luxury villas and commercial space just outside Istanbul . In 2012, Emaar began developing an Emaar Square project. The project plans include building Turkey's largest shopping mall and five-star hotels. In 2013, Emaar Turkey,

931-617: Is also considering other investments in hospitality and mixed use commercial and residential projects in Jammu city and in Srinagar city. The King Abdullah Economic City (KAEC), developed by Emaar, The Economic City (Emaar E.C.) is listed on Tadawul , the Saudi stock exchange, and is the largest private investment in Saudi Arabia . The project includes the development of a special economic zone along

980-529: Is another supertall structure in the massive development of Downtown Dubai, which includes the centerpiece supertall building, Burj Khalifa. The tower was topped out in April 2008, becoming the 6th-tallest building in Dubai and the 36th-tallest in the world . In September 2008, the tower was completed. In August 2016, Emaar opened Dubai Opera, a 2,000-seat, multi-format, performing arts center located within The Opera District of Downtown Dubai. Styled on

1029-514: Is estimated to house approximately 2 million people and assist in aiding the Saudi Arabian economy in expanding beyond oil to light and shipping industry. Emaar Properties first announced its plans for a large-scale development project in Syria in 2006. The development, known as The Eighth Gate , includes three zones: a commercial center, waterfront and residential zone, and tourist area. The project

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1078-529: Is present in the Old Town, while high-rise contemporary buildings dominate the rest of the development. Downtown Dubai includes a range of high-end hotels such as Address Downtown , Vida Downtown, and Al Manzil Downtown, as well as attractions such as the Souk Al Bahar luxury Arabian market and a 3.5 km-long strip of restaurants and cafes on Sheikh Mohammad bin Rashid Boulevard. Souk Al Bahar has over 100 shops and over 20 restaurants, cafes, and lounges adjacent to

1127-439: Is situated in the development, Dubai Hills Estate. Within the immediate vicinity, there are numerous residential developments, an 18-hole championship golf course, Dubai Hills Park and Dubai Hills Boulevard. Its prominent road links, inclusive of Umm Suqeim Street and Al Khail Road, means it can be accessed from Downtown Dubai , Dubai Marina and the residential enclaves of Emirates Hills and Arabian Ranches . Current plans for

1176-485: The Dubai Financial Market , and has a valuation of US$ 16.8 billion as of August 2023 against the Net Asset Valuation of US$ 37.6 billion (AED 138.1B) as of December 2022 based on the valuation of assets done by third party valuer. Emaar has played a pivotal role in shaping the modern skyline of Dubai and has expanded its footprint internationally. Emaar Properties Dubai is one of the largest real estate developers in

1225-903: The United States , Saudi Arabia , Syria , Iraqi Kurdistan , and Turkey . Some of the projects have included developments such as the Beit Misk in Lebanon , the Jeddah Gate in Saudi Arabia , and the Samarah Dead Sea Resort in Jordan . Emaar Misr began working on a $ 4 billion development project in 2005 on the Moqattam Plateau in Cairo , initially called Cairo Grand Heights that was later renamed Uptown Cairo. The project included building up an area as

1274-465: The Dubai Fountains. Burj Khalifa is the centrepiece of The Dubai Downtown. At 828 m (2,717 ft), it is the tallest building in the world and the tallest human-made structure ever built. Construction began on 21 September 2004, and was completed and ready for occupancy by 4 January 2010. Burj Khalifa is estimated to have cost US$ 1.5 billion. In addition to being the tallest building in

1323-541: The Dubai Hills Mall show that it will be based around a central courtyard, from which a series of interconnected streetscapes branch out. Its layout is designed to offer easy orientation and provide a clear focus on the central courtyard. This space will be used for events and special features in the future. The mall includes anchor retail experience stores and also parking spaces available for over 7,000 vehicles. Dubai Hills Mall will consist of approximately 650 retail and dining outlets spread over two levels. Also scheduled for

1372-660: The Dubai Mall. In 2014, Emaar Properties announced plans to sell shares of its malls and retail business to the public. The IPO is one of the largest in the region since the global financial crisis. Emaar Malls Group became a publicly traded company on the Dubai Financial Market in October 2014. Closing at 3.25 dirhams with approximately 535 million shares traded, the IPO was the largest in Dubai since 2007. Also in 2014, Emaar opened

1421-543: The Dubai Trolley. The trolley is also the world's first hydrogen-powered, zero-emission street tram system. In 2016, Emaar Properties announced plans to build the world's tallest structure , which would be taller than Burj Khalifa . It was expected to be completed by 2020. Through various subsidiaries, Emaar has established property developments and projects in Pakistan , India , Jordan , Egypt , Lebanon , Morocco ,

1470-573: The Middle East. The Dubai Mall officially opened in 2008, and Burj Khalifa in 2010. By 2014, Emaar was holding over $ 11.4 billion in real estate investments. In 2007, the company was majority-owned by Dubai's government. In 2009, John Laing Homes, a subsidiary of Emaar Properties which was acquired in 2006, filed for Chapter 11 bankruptcy protection in the US Court for the District of Delaware. In July 2010, American businessman Lionel Lombard filed

1519-516: The NYE celebrations. The record-setting display consisted of 70,000 LED panels that flashed coloured lights and projections of the country's leaders and other images on the Burj Khalifa. Emaar reported a 16 percent rise in second-quarter net profit for 2015, and that it has a land bank of over 235 million square metres. In November 2020, Emaar Properties announced a profit fall of 48% from the beginning of

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1568-547: The Red Sea coast 60 miles north of Jeddah. Emaar E.C. also heads the development of the KAEC port. The port is the first privately owned port for Saudi Arabia and was first opened in January 2014, but plans to further expand have been set in place after the generation of new financing. The KAEC development is projected to be about the same size as Washington, D.C. when completed and the zone

1617-458: The UAE and is known for various large-scale projects, such as building Burj Khalifa , the tallest building in the world . Emaar Properties was founded and incorporated in 1997 by chairman Mohamed Alabbar . Emaar has interests in both commercial and residential property development, as well as malls and hospitality. The Dubai government initially owned 100 percent of the company while the founding shareholders held 24.3 percent when operations as

1666-483: The United Arab Emirates with approximately over 100 Million visitors every year. In March 2018, Emaar Malls unveiled a new extension of The Dubai Mall dedicated to fashion and luxury shopping. The 440,000-square-foot Fashion Avenue offers over 150 prestigious brands, including Burberry, Cartier, Miu Miu, Prada, Gucci, Mikimoto, Faberge, Valentino, and Christian Louboutin. At the center of Downtown Dubai and at

1715-472: The classic Arabian dhow, the project was developed by Emaar Properties in collaboration with architect Janus Rostock. The venue hosts a wide array of performances coming from countries around the world, including theatre, opera, ballet, concerts, musicals, stand-up comedy shows and various seasonal events. Its plans were announced by Sheikh Mohammed bin Rashid Al Maktoum in March 2012. It opened on 31 August 2016 with

1764-438: The company to ensure their completion at the earliest. The company has committed to deliver 11,000 units by end of 2018, beginning with over 3,000 units in 2017 itself. In late 2021, a Memorandum of Understanding was signed between the governments of Dubai and Jammu & Kashmir to facilitate investment into certain marquee projects. Under the agreement, Emaar is to develop a shopping mall in Srinagar of 500,000 sq.ft. EMAAR

1813-523: The company would be divided vertically. Shortly after the announcement, Emaar filed the demerger scheme in the Delhi High Court, and Shravan Gupta of MGF resigned from his operational positions. Prashant Gupta is the current CEO of the company. In pursuance of the intended demerger, the company is presently undergoing a restructuring exercise, wherein Emaar has taken control of all the ongoing projects of

1862-434: The largest cinema complex in the region, Reel Cinemas. In 2014, The Dubai Mall had over 80 million visitors, of which 40 percent were tourists from outside the region. As an extension to Dubai Mall, Emaar began to develop a 55-storey residential building called Downtown Views . Emaar Properties's Dubai Fountain is the tallest performing fountain in the world and began operating in the spring of 2009. Emaar developed

1911-526: The six apartment towers. In 2003, the company revealed its plans for a signature development project, later known as Downtown Dubai . The project consisted of two developments: Burj Khalifa and The Dubai Mall , the world's tallest building and world's largest mall respectively. Emaar International LLC was established in 2004 and signified Emaar's expansion into foreign markets. The company has undertaken projects in Africa, Asia, North America, and throughout

1960-477: The space is a 63,500 sq ft (5,900 m), hypermarket and numerous department stores. Three ‘pocket parks’ are included in the design, providing space for dining facilities, leisure activities, and community events. A large skylight canopy will act as a projection screen for advertising purposes and during events. Dubai Hills Mall is one of the latest retail projects by Emaar. 4 major entertainment and leisure complexes are planned for construction, including

2009-585: The wholly owned subsidiary of Emaar Properties, launched The Address Residences Emaar Square in Istanbul . In 2017 Emaar Square Mall in Turkey was opened to the public. The Crescent Bay, Karachi is a 108-acre (440,000 m2) under-construction upscale mixed-use oceanfront development in Defence, Karachi, Pakistan. It is considered one of the biggest projects in Pakistan, with a cost of $ 2.4 billion. The development features

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2058-449: The world's highest observation deck, At the Top, Burj Khalifa SKY. The highest man-made vantage point sits 555 metres up on the 148th floor of Burj Khalifa. Emaar marked the new year with the world's most watched New Year's Eve (NYE) celebration for 2015. According to Guinness World Records , Emaar oversaw the "Largest LED-Illuminated Façade" on the world's tallest man made structure" during

2107-809: The world's tallest building, Burj Khalifa , which opened in 2010. The building is 2,716.5 feet tall with 160 storeys that are primarily for residential purposes. It is named after the Abu Dhabi ruler Sheikh Khalifa bin Zayed Al Nahyan . Emaar Properties has also developed a number of neighbourhoods throughout Dubai including Arabian Ranches , Dubai Marina, The Greens, The Meadows, The Lakes, and The Springs. In 2013, Emaar launched The Address Residence Fountain Views I, II, and III, The Address Residence Sky View, Burj Vista, Boulevard Point and Vida Residence—all in Downtown Dubai. A further addition to Downtown Dubai from Emaar

2156-418: The world, Burj Khalifa holds six other world records, including 'tallest free-standing structure in the world', 'elevator with the longest running distance in the world' and 'highest number of storey's in the world.' The Dubai Mall is the world's second largest shopping mall by total area. It is the home of 1,300 stores in addition to numerous attractions, including an Olympic-size ice rink, an aquarium and

2205-515: The year until September. In December 2020, Alabbar stepped down as Emaar chairman but continued to oversee the day-to-day activities as managing director. The Dubai Mall , developed by Emaar Properties, is the second world's largest shopping mall. It marked its soft opening in November 2008 and was inaugurated in May 2009. The mall has over 1,200 stores and 200 restaurants. It is also home to Dubai Aquarium and Underwater Zoo, KidZania, Dubai Ice Rink and

2254-647: Was floated specifically for this project, with the other partner being the Andhra Pradesh Industrial Infrastructure Corporation (APIIC). The convention center, which has a total seating capacity of 4,000 seats (extendable to 6,500 seats) was completed in December 2005. In 2005, while the Hyderabad project was ongoing, Emaar entered into a joint venture to handle projects in India. Emaar India

2303-471: Was founded in 2005 as a joint venture of Emaar Properties PJSC with MGF Developments Limited of India, in which Emaar was by far the larger equity partner and MGF was entrusted the operational responsibilities. The joint venture executed several significant projects, such as the 2010 Commonwealth Games Village in Delhi . In April 2016, Emaar announced that it would separate from its joint venture partner and that

2352-433: Was planned for late 2019. It actually opened in 2022. Upon completion, Dubai Hills Mall will encompass a gross leasable area of over 2,000,000 sq ft (190,000 m). This will be used as space for 750 retail and dining outlets. The mall will be accessible from Umm Suqeim Road and Al Khail Road. Dubai Hills Mall has mix of retail and also includes F&B, 'fast fashion' outlets and trendy cafes. Dubai Hills Mall

2401-544: Was the Opera District. Key features include the Dubai Opera House , the country's first dedicated opera house. In January 2015, Emaar Hospitality opened a boutique hotel , Manzil Downtown Dubai. The hotel is managed by Vida Hotels and Resorts and includes 200 rooms, suites with Burj Khalifa views, and access to a sports hub and several restaurants. Emaar rolled out the region's first hop-on-hop-off transit system with

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