EMAAR Is Planning To Increase Its Investment To $130 Billion By 2040

History Of The Company

EMAAR Properties was founded around 1997 and is headquartered in Dubai, United Arab Emirates. Starting as a small property development firm, EMAAR quickly grew to become a global name.

The builder is popular for developing some famous iconic tower buildings like the Burj Khalifa which is holding the title of the tallest building in the world. EMAAR  is also in the business of hospitality and had built world-class Hotels that are well-visited from all over the world. 

Key Achievements And Landmarks

EMAAR has been playing a big role in shaping the modern skyline properties of Dubai. EMAAR not only built the world-famous Burj Khalifa, but it has also built many world-class projects such as the Dubai Mall and Dubai Marina which have attracted people from around the world. 

The presence of Emaar is also felt worldwide in countries like Egypt, India, and Turkey. Some projects of EMAAR are doing very well in the Dubai property market like EMAAR Rivana.

Current Portfolio And Market Presence

With a focus on luxury, Emaar’s portfolio includes residential properties, malls, hospitality, and leisure centres. They have been awarded for their architectural excellence and innovative designs. Emaar has successfully established a substantial presence in the Middle East, North Africa, Asia, Europe, and North America. 

Understanding The $132 Billion Breakdown

The $132 billion figure is a cumulative sales target for the next 18 years, up to 2040. It includes a combination of residential, commercial, and retail properties. The breakdown reflects a growth strategy aiming at diversifying and expanding the portfolio of EMAAR.

EMAAR is looking to increase its investment outside UAE also and already started building more residential properties in India also. 

EMAAR Properties in recent times has emerged as one of the big players in Dubai and India where people looking for buying luxurious apartments are considering properties that are being built by EMAAR. The motto of EMAAR is to increase its value by more than 130 billion dollars by the year 2040 which is quite possible as predicted by several real estate professionals. Emaar is continuously increasing its presence in many Asian, European, and other countries. 

Comparison With Past Sales Targets And Accomplishments

EMAAR has shown consistent growth over the past few years, reaching several sales milestones. The new target is ambitious but aligned with their track record. For instance, in 2019, EMAAR recorded $12 billion in sales, showing they are no stranger to big numbers.

Insights Into The Property Market Forecast

Real Estate Experts believe that there will be steady growth in the global real estate market. The main reason for this will be rising urbanization, increased income of the people, and growing interest in green and healthy living, there are also other key factors driving this trend. EMAAR’s target seems attainable, considering these macroeconomic factors. Seeing the current trends it is expected a good rise in investors putting their money in properties that are built by EMAAR in the future. 

EMAAR Properties, Dubai's leading property developer, aims to make £132.15 billion ($132.15 billion) from selling its properties by the year 2040. The company has a strong foothold in Dubai's real estate market and is known for building the tallest structure in the world, the Burj Khalifa.
 

Five Year Plan

In the next five years, the company plans to sell properties worth about £155 billion, making up 32% of its total portfolio, according to a statement from the Egyptian investment bank, EFG Hermes.

Several Real Estate Professionals praises EMAAR for their premium communities in Dubai and expect the company to remain a market leader. Sales of £35.1 billion in 2023, £37.3 billion in 2024, and £39.4 billion in 2025 are predicted by real estate consultancy. ( All the figures are subjective)

Contribution Of EMAAR in Dubai Property Market

EMAAR has been vital to Dubai's property market for decades, with properties including shops, homes, offices, and hotels. They have land covering 340 million square feet in Dubai, and the growing economy of Dubai will likely help Emaar in the future.

Last year in 2022, as per online news Dubai's economy grew by about 4.6% from January to September and it is also predicted to grow by about 3.5% in 2023. The city has also recovered strongly from the Covid pandemic, attracting more visitors and rich individuals.

This year, the property market in Dubai continues to grow, with around an 80% increase in the total value of transactions that have been done in the first quarter of 2023. Luxurious properties and House prices have also increased, with projects offering apartments increasing by 17.2% and villas by 15.1%. (Please note that the given data is as per information available in the market and may vary).

Current Situation Of EMAAR Properties

In the month of June 2023, Emaar was given an upgraded credit rating thanks to its good performance and sales in the property market. Some professionals emphasized that property development, particularly in Dubai, would continue to be Emaar's main business focus.

Currently in Dubai Emaar launched a £20 billion luxury project in June called EMAAR Palmiera The Oasis, comprising 7,000 residential units. The company leads the market in Dubai with a 25% share and is considering expansion in Saudi Arabia and Egypt.

They are also prominent in Dubai's shopping and hotel markets. It is predicted by other real estate professionals that there is growth in these areas as well, expecting an average occupancy rate of over 95% in their retail spaces and a 6.8% annual increase in hotel revenue until 2027. (The Data May Vary).

EMAAR Has Seen Some Ups And Downs

Despite great performance in the last year, EMAAR's stock hasn't done as well as expected. However, Some professionals still remain positive about the company's value, believing it will bounce back to reflect EMAAR's solid financial standing and growth potential in Dubai's real estate sector.

This can be expected as the real estate industry sees many ups and downs in a very short period because there are several factors that can affect the price of the properties directly and indirectly like the cost of cements and steel rods as well as their availability in the location, transportation costs and its mode like through trains or trucks. 

Here we tried to understand the factors involved in this sudden increase in the money for investment. The current situation of EMAAR Properties is in a good position but EMAAR has to also work on certain areas. The projects of EMAAR in Gurugram in India are in the phase of making and the delivery may get delayed because of temporary market slowdown and rainy weather. The builder has made well entry into the property market of India and it looks like EMAAR is holding its own and had been appreciated by many buyers and real estate professionals. 

Conclusion

The properties that are built by Emaar are quite appreciated by real estate professionals and as well as buyers which has increased the demand for the properties that are built by Emaar Properties. Emaar has well-established itself in the field of real estate as a big builder. The coming years will be very crucial for Emaar Properties and it will decide the fate of racing the target of more than $130 billion by the year 2040.

Disclaimer: The Data Shown is from online sources and can vary and the data mentioned above is for information only