Who Owns Emaar Properties?
Emaar Properties is one of the largest and most prestigious real estate developers in the UAE, known for its iconic projects such as the Burj Khalifa and The Dubai Mall. Understanding the ownership structure of Emaar Properties provides insights into its strong position in the market.
Ownership Structure of Emaar Properties:
Dubai Government (through Investment Corporation of Dubai - ICD):
The Dubai Government, through its sovereign wealth fund, the Investment Corporation of Dubai (ICD), holds a significant stake in Emaar Properties. This government ownership ensures a strong backing and adds to the credibility and stability of Emaar in the market.
Public Shareholders:
Emaar Properties is a publicly traded company listed on the Dubai Financial Market (DFM). A considerable portion of Emaar’s shares is held by public shareholders, including institutional investors, retail investors, and foreign entities. The company’s public listing allows for transparency and broad ownership, contributing to its market reputation and financial performance.
Founder and Key Executives:
Mohamed Alabbar, the founder and long-serving chairman of Emaar Properties, is a significant figure in the company. While his exact shareholding might not be the majority, his influence and leadership have been instrumental in shaping the company’s direction and success.
Key Points About Emaar Properties:
Government-Backed: The substantial ownership by the Dubai Government, via the ICD, provides Emaar with strong support and a strategic advantage in the real estate market.
Publicly Listed: Being a public company, Emaar is subject to regulatory oversight, ensuring transparency and accountability, which bolsters investor confidence.
Leadership: Mohamed Alabbar’s vision and leadership continue to be a driving force behind Emaar’s ambitious projects and its growth in the global real estate market.
Emaar Properties’ ownership structure, combining government backing with public investment, positions it as a leading real estate developer not only in Dubai but globally.
