Emaar, a leader in global real estate development, celebrates significant achievements in the first half of 2024, demonstrating robust growth across its various sectors.
Key Highlights:
- Sales and Development: Emaar’s real estate arm, Emaar Development, achieved remarkable results with 30 successful launches and the sale of 8,400 units, marking a 56% increase from H1 2023. Notable projects like Address Residences Zabeel and Palace Residences Dubai Hills Estate saw exceptional demand.
- Construction Contracts: The company awarded 50 construction contracts worth AED 8.7 billion ($2.4 billion), highlighting ongoing investment in infrastructure and development.
- Sustainability Milestones: Burj Khalifa, an iconic landmark, earned LEED Platinum certification for sustainable construction practices, reinforcing Emaar’s commitment to environmental stewardship.
- Retail and Hospitality Growth: Dubai Mall, recognized as the most visited place on Earth in 2023, continued its success with an 8% increase in footfall. Emaar’s entertainment venues, including Dubai Opera, saw record-breaking attendance.
- Community Support: Following heavy rains, Emaar repaired over 4,500 homes free of charge, demonstrating its dedication to community welfare and support.
Corporate Excellence:
- International Expansion: Emaar achieved full sales of Urban Oasis in Gurgaon and made significant progress in projects like Panorama and The Views in Karachi, showcasing its global footprint.
- Hospitality Accolades: Emaar Hospitality received prestigious Forbes Travel Guide 5-Star Ratings for properties like Address Istanbul and Address Beach Resort, highlighting excellence in hospitality.
- Customer Focus: Emaar handled over 21,000 service requests and delivered more than 3,500 units to customers in H1 2024, ensuring high standards of customer satisfaction.
Future Outlook:
Emaar remains committed to innovation, quality, and customer-centricity as it continues to shape urban landscapes and inspire success in communities worldwide.
