Emaar Development PJSC Overview
Pro stress-test →Emaar Development PJSC is the UAE's premier property development company specialising in the build-to-sell property development business, and a majority-owned subsidiary of Emaar Properties PJSC. The company is behind iconic freehold master-planned communities in Dubai, including Emirates Living, Downtown Dubai, Dubai Marina, Arabian Ranches, Dubai Creek Harbour, Dubai Hills Estate, Emaar South, Rashid Yachts & Marina, The Valley and The Oasis.
Strategic Profile
Pro stress-test →With a record sales backlog of AED 100.1 billion (US$27.3 billion) as of March 2025 and over 43,500 residential units under development, Emaar operates as a high cash flow generating business with robust fundamentals. The company achieved property sales of AED 16.5 billion (US$4.5 billion) in Q1 2025, a 28% increase year-over-year, with revenue growth of 43% to AED 5 billion.
Competitive Landscape
Pro stress-test →Emaar Development operates as a build-to-sell property developer in the UAE with majority ownership by parent company Emaar Properties. The company faces competition from other major UAE-based real estate developers including Damac, Azizi, and Deyaar in the residential segment. Emaar's differentiation comes from its dominant market position, portfolio of iconic communities, and significantly larger scale and financial resources than regional competitors.
Industry Context
Emaar Development PJSC operates in Real Estate Development - Residential & Commercial.
Key facts
Founded: 1997 · Headquarters: Dubai, UAE · Revenue: $19.15B AED (2024) · Market cap: $61.8B AED