Emaar Pakistan Emaar India
55-650: 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 the Dubai Financial Market , and has a valuation of US$ 16.8 billion as of August 2023 against
110-618: A Retail Environment and the Dubai Mall brochure collected three awards at the Summit Creative Awards 2005 in Portland, Oregon – the Gold award for: Best Art Direction / Graphic Design , Silver award for Best 4-colour B2B Brochure , and a Judges Special Recognition award . The Mall also features an Olympic-sized ice rink for recreational skating and Emirates Ice Hockey League games, also
165-622: 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),
220-583: 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
275-533: A potential development is sometimes called speculative development . Subdivision of land is the principal mechanism by which communities are developed. Technically, subdivision describes the legal and physical steps a developer must take to convert raw land into developed land. Subdivision is a vital part of a community's growth, determining its appearance, the mix of its land uses , and its infrastructure, including roads , drainage systems, water , sewerage , and public utilities . Land development can pose
330-458: A project's economics; attorneys to handle agreements and government approvals ; environmental consultants and soils engineers to analyze a site's physical limitations and environmental impacts ; surveyors and title companies to provide legal descriptions of a property; and lenders to provide financing. The general contractor of the project hires subcontractors to put the architectural plans into action. Purchasing unused land for
385-494: 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
440-530: A team of professionals to address the environmental, economic, private, physical and political issues inherent in a complex development project is critical. A developer's success depends on the ability to coordinate and lead the completion of a series of interrelated activities efficiently and at the appropriate time. Development process requires skills of many professionals: architects , landscape architects , civil engineers and site planners to address project design; market consultants to determine demand and
495-678: 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
550-558: 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 a shopping mall. Real estate development Real estate development , or property development ,
605-415: A tract of land, determine the marketing of the property, develop the building program and design, obtain the necessary public approval and financing, build the structures, and rent out, manage, and ultimately sell it. Sometimes property developers will only undertake part of the process. For example, some developers source a property and get the plans and permits approved before selling the property with
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#1732872639993660-460: Is a business process , encompassing activities that range from the renovation and re- lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property . Real estate development is different from construction or housebuilding , although many developers also manage
715-525: Is a haunted house that is decorated with special effects, fog lights, and strobe lights. The story of Hysteria revolves around a family whose child mysteriously disappeared. They believe that the guest knows where their child is, so they attempt to kidnap the guest or guests. Dubai Dino is an actual fossil of Diplodocus . The total measurement of the Dino is over 7 metres (23 ft) in height, and 24 metres (79 ft) in length. The Dubai Mall's Grand Atrium
770-613: 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
825-521: Is based around VR and arcade games. There is an inflatable playground as well as trampolines, aimed at younger children. Older children can play VR games using a Quest 2 gaming headset. It is in the same place as where Sega Republic used to be. The theme park closed on 1 June 2017, after the license to the Sega theme expired. It later reopened in February 2018 as a theme park dedicated to virtual reality under
880-594: Is home to a replica of the Dubai Creek Tower , which is currently under construction. The model will give a 3D rendition of the completed tower's architecture. KidZania is an interactive children-sized edutainment theme park. Kidzania is a 7,000m² scaled replica of the Dubai that combines entertainment and education, with over 70 real-life activities for children aged 4–16. Children can learn about different jobs through role-play. In October 2004, Emaar Properties awarded
935-603: Is the largest shopping mall in Dubai . It is the second largest mall in the world by total land area after the Iran Mall , and the 26th-largest shopping mall in the world by gross leasable area , with a total retail floor area of 350,000 m (3,800,000 sq ft). The mall is part of the 20-billion-dollar Downtown complex called Downtown Dubai that is adjacent to the Burj Khalifa , and includes over 1,200 shops. In 2011, it
990-553: The Emirates A380 Experience, an Airbus A380 aircraft simulator. The Dubai Aquarium & Underwater Zoo by Emaar Entertainment , was designed by Peddle Thorp . The aquarium, located in The Dubai Mall, showcases more than 300 species of marine animals, including sharks and rays .It is mainly presenting bio-diversity in different ecological zones which includes Rainforest, Rocky Shore and Living Ocean. The aquarium
1045-451: 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 the six apartment towers. In 2003,
1100-609: The Town and Country Planning context in the United Kingdom, 'development' is defined in the Town and Country Planning Act 1990 s55. A development team can be put together in one of several ways. At one extreme, a large company might include many services, from architecture to engineering . At the other end of the spectrum, a development company might consist of one principal and a few staff who hire or contract with other companies and professionals for each service as needed. Assembling
1155-898: 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
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#17328726399931210-604: 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
1265-538: 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 ,
1320-619: 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
1375-513: 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
1430-478: 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 the UAE and is known for various large-scale projects, such as building Burj Khalifa ,
1485-618: 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 is estimated to house approximately 2 million people and assist in aiding
1540-579: 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 is a joint venture between Emaar Properties and IGO, an offshore investment and property development company. The Tuscan Valley development
1595-484: 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
1650-436: 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
1705-522: 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
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1760-440: The construction contract for building The Mall to a joint venture of Dutco Balfour Beatty , Al Ghandi/ CCC and Turner Construction. The mall, claiming to be the size of 50 "football pitches", was scheduled to be completed in 2006, but was delayed and finally opened in 2008. Most of the workers who constructed the mall were Indian , Pakistani , Bangladeshi and Sri Lankan guest workers .The architectural design of Dubai Mall
1815-428: The construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint ventures, and create, imagine, control, and orchestrate the process of development from beginning to end. Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. Typically, developers purchase
1870-549: The economic crisis (a consequence of a real estate bubble burst). In 2012, Dubai Mall continued to hold the title as the world's most-visited shopping and leisure destination, and attracted more than 65 million visitors, an increase of more than 20 percent compared to the 54 million recorded in 2011. It attracted more visitors than New York City which welcomed over 52 million visitors that year, and Los Angeles which had 41 million visitors. The number also surpasses visitor arrivals to all landmark leisure destinations and theme parks in
1925-427: 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
1980-402: The mall. In June 2013, Dubai Mall commenced phase one of its expansion plan by increasing the total retail floor area by 1 million square feet (93,000 m ). so as to accommodate more visitors. The project was completed in 2018. In June 2024, Emaar Properties announced the building’s expansion plan, which will add 240 new stores and restaurant venues. Dubai Mall was featured in
2035-436: The most risk, but can also be the most profitable technique as it is dependent on the public sector for approvals and infrastructure and because it involves a long investment period with no positive cash flow . After subdivision is complete, the developer usually markets the land to a home builder or other end user, for such uses as a warehouse or shopping center . In any case, use of spatial intelligence tools mitigate
2090-701: The name of VR Park Dubai. In 2022, the park was renamed to Play DXB. Reel Cinemas is a 22-screen cinema that is managed by Emaar Entertainment. The megaplex holds four cinema suites and 17 commercial halls, including the first THX-certified cinema in Dubai. Dubai Fountain is located outside of the mall, near the Burj Khalifa. This is one the world’s largest choreographed fountain systems, featuring water shows synchronized with music and lights. The fountain has 25 color projectors and 1,000 water expressions. The fountain has five circles and when active 22,000 gallons of water are airborne. It includes 6,600 lights and water jets which activate in time with music. Hysteria
2145-607: The plans and permits to a builder at a premium price. Alternatively, a developer who is also a builder may purchase a property with the plans and permits in place so that they do not have the risk of failing to obtain planning approval and can start construction on the development immediately. The financial risks of real estate development and real estate investing differ due to leverage effects. Developers work with many different counterparts along each step of this process, including architects, city planners, engineers, surveyors, inspectors, contractors, lawyers, leasing agents, etc. In
2200-577: The previous year which was 88 million. In June 2024, real estate developer Emaar Properties announced a 1.5 billion dirham ($ 408 million) expansion of Dubai Mall. Dubai Mall recorded 61,000 tickets sold for the Dubai Aquarium and Discovery Centre in the first five days, following its opening. Dubai Mall hosted over 37 million visitors in 2009, and attracts more than 750,000 visitors every week. In 2010, it had 47 million visitors, and saw an increase in foot traffic by about 27 percent over 2009, despite
2255-427: The risk of these developers by modeling the population trends and demographic make-up of the sort of customers a home builder or retailer would like to have surrounding their new development. Dubai Mall 25°11′51″N 55°16′45″E / 25.19750°N 55.27917°E / 25.19750; 55.27917 Dubai Mall (originally known as The Dubai Mall , until 2023) ( Arabic : دبي مول "Dubai Mall")
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2310-548: The same as the West Edmonton Mall . It also has 22 cinema screens plus 120 restaurants and cafes. The mall has over 14,000 parking spaces across 3 car parks, with valet services and a car locator ticketing system. The mall has won five awards – two awards at the Retail Future Project Awards at Mapic , Cannes , in 2004, for Best Retail Development Scheme (Large) and Best Use of Lighting in
2365-399: 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 a public company commenced after
2420-401: The world including Times Square (39.2 million), Central Park (38 million), and Niagara Falls (22.5 million). At over 13 million square feet (1,200,000 m ) (equivalent in size to more than 50 football pitches ), Dubai Mall has a total internal floor area of 5.9 million square feet (550,000 m ) and leasable space of 3.77 million square feet (350,000 m ), about
2475-446: 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
2530-860: 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
2585-511: 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
2640-670: 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, the wholly owned subsidiary of Emaar Properties, launched The Address Residences Emaar Square in Istanbul . In 2017 Emaar Square Mall in Turkey
2695-545: Was a collaborative effort involving international architects, engineers, and designers. The lead architect was DP Architects , a Singapore-based firm known for its work on large-scale commercial projects. In December 2012, Emaar Properties announced the completion of the Metro Link, an 820-metre-long (2,690 ft) elevated, air-conditioned footbridge that connects the Burj Khalifa/Dubai Mall Metro station to
2750-525: Was awarded the ‘Certificate of Excellence’ and won the ‘Images Most Admired Retailer of the Year – Leisure & Entertainment’ at Images RetailME Awards 2012. Play DXB is an amusement park that was formerly known as VR Park Dubai. The 76,000-square-foot (7,100 m ) indoor park is an indoor virtual reality attraction. It features 15 rides and amusement games, including motion simulators, classic carnival games, skill games , and redemption games . The park
2805-645: 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
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#17328726399932860-469: 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
2915-511: 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 a series of high and mid-rise towers for residential and commercial use, a shopping centre, a five-star beachfront hotel and
2970-542: 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
3025-401: Was the most visited building on the planet, and attracts over 54 million visitors each year. Twice delayed, Dubai Mall opened on 4 November 2008, with about 1000 retailers. In January 2023, the shopping mall announced that it was officially changing its name from "The Dubai Mall" to "Dubai Mall". Dubai Mall has received a record 105 million visitors in 2023, a jump of over 19 per cent on
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