Chairman of Emaar Properties, HE Mohamed Alabbar, has led the UAE-headquartered developer to another strong year of growth.
Not only did Emaar Properties record a 37% upswing in year-on-year revenue during Q1 2018 – helping to cement Alabbar’s place in Construction Week’s Power 100 – it also strengthened its market position with a landmark announcement.
In a game-changing joint venture with Aldar Properties, worth $8.1bn (AED30bn), Emaar has paved the way for the construction of at least one major project each in Abu Dhabi and Dubai.
Through this partnership, Emaar has the potential to increase the UAE’s portfolio of iconic real-estate developments and, as it has done in the past, to boost the national economy and contribute to the elevation of the UAE’s global reputation by developing flagship projects.
Current Emaar projects that are under way in the UAE include the Dubai Creek Tower and Emaar Beachfront.