In 1997 by Chairman Mohamed Alabbar Emaar properties was founded as well as incorporated. In the UAE as one of the leading developers is Emaar malls group. In real estate Emaar has diversified interests both commercial as well as property development o residential, along with malls and hospitality include. To build Dubai Marina Emaar announced its plan. To offer to foreign nationals Emaar properties become the first property company on the Dubai market of financial, in 2000. In 2001, the first phase of the development of company project began. In a joint venture when Emaar awarded the contract to construct the three out of six apartment towers.

        In 2008 the Dubai Mall officially opened, as well as in 2010 Burj Khalifa. In 2009, instead of collapse in the real estate. By the fall of 2012, Burj Khalifa reached occupancy 80 percent, Emaar reported this. In real estate investments over $11.4 billion Emaar was holding. Emaar also launched the Address BLVD, in September 2012, a luxurious 72 story hotel. Emaar properties declared their plan to sell the shares of its malls as well as business of retailing to the public, in 2014. Since the worldwide financial crisis the IPO is one of the largest in the region. In 2014, on the Dubai financial market Emaar Malls group become a traded company publically. With around 535 million traded shares as well as closing at 3.25 dirhams, since 2007 in Dubai the IPO was the largest (Alabbar, 2015).

        Burj Khalifa is the largest building in the world that was developed by Emaar malls group, in 2010. By various subsidiaries, like Pakistan, Jordon, India, Egypt, Morocco, Lebanon, the United States, Saudi Arabia, Syria, as well as Turkey Emaar has conventional property development along with projects. In 2015, leisure branch of Emaar as well as the hospitality, to Nigeria as well as Bahrain expanded its hotel as well as operations of residence, Emaar group of Hospitality.

        One of the world’s leading property developers, Emaar Malls Group LLC is the shopping mall and retail subsidiary of PJSC Emaar Properties. The Dubai Mall is the flagship development of Emaar Malls Group, the world’s largest entertainment destination as well as shopping, in the heart of the Downtown Dubai located, mega-project of the flagship of Emaar described as ‘The Centre of Now (EMAAR MALLS GROUP PJSC, 2014).’

References of Emaar malls group

Alabbar, M. (2015). The future of living.

EMAAR MALLS GROUP PJSC. (2014). SALE OF SHARES OFFER IN A PUBLIC SUBSCRIPTION IN THE UAE ONLY.