Emaar Properties - UAE

Company Information
Building the world’s tallest structure, the Burj Dubai, Emaar Properties remains the Arab world’s biggest listed developer. Owned 32 percent by the Dubai government, it has an extensive portfolio of projects it has developed including Downtown Burj Dubai, Dubai Marina and the Dubai Mall.

With six business segments and more than 60 active companies, Emaar has a collective presence in over 36 markets across the Middle East, North Africa, Pan-Asia, Europe and North America.

However, Emaar has suffered as the UAE’s once-thriving real estate sector grinds to a halt with property prices slumping and developers scaling back projects.

In February, the company posted a 15.1 percent drop in operating profit, from $1.79bn in 2007 to $1.52bn last year as revenues declined 10.4 percent from $4.87bn to $4.36bn.

It blamed a $687m goodwill write-down last year on its US subsidiary John Laing Homes, which has suffered at the hands of the battered US housing market.

Two months ago Emaar said it was in talks with its contractors and consultants to reduce contract costs to reflect a decline in the prices of raw building materials.
More about the company
Address: Building 3, Emaar Business Park PO Box 9440 , Dubai, UAE

26 March 2000

Emaar, Emaar Group

29 July 1997

Joint stock

23 June 1997

Public

971 4 3673333

971 4 3673000

enquiry@emaar.ae

www.emaar.ae

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Shares in Dubai's Emaar slipped 2.2%, accounting for almost half the volumes on the index

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Officers »
Board of Directors Position
Mohammed Bin Ali Rashid Al Abbar
Chairman
Hussain Ahmad Dhaen Al Qemzi
Vice Chairman
Salem Bin Rashed Saeed Al Mohannadi
Director
Mohammed Ibrahim Al Shaibani
Director
Lowai Mohamed Belhoul
Director
   
Management Position
Vinod Kumar Gomber
Group Chief Executive Officer
Amit Jain
Chief Financial Officer
Kenneth Foong
Chief Information Officer
Low Ping
Executive Director of Finance and Risk
Issam Galadari
Managing Director of Middle East and North Africa
View all
Major Shareholders
Name Country
Investment Corporation of Dubai
UAE
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