Emaar Properties ( Arabic: إعمار العقارية) , is a Company based in the city of Dubai, United Arab Emirates. It owns some outstanding real estate including Burj Dubai which is supposedly to be the tallest building in the world. Emaar Properties is a Public Joint Stock Company listed on the Dubai Financial Market. With an asset base of US$ 7.7 billion (including land) Emaar has witnessed tremendous growth since its inception in 1997. In 2003 Emaar reported net profits of AED 676 million (US $ 184 million), a 31 percent increase on the previous year. Total sales revenue was AED 3.72 billion (US $ 1.01 billion) – up 179 percent on 2002.
Emaar's flagship property is the Burj Dubai, which is planned to be the tallest tower in the world.
Emaar has also begun developing real estate outside of the UAE, which includes the Bahia Bay and Amelkis II projects in Morocco, the King Abdullah Economic City in Saudi Arabia, and the Eighth Gate in Syria.
Emaar Properties is indeed contributing towards the growth of Dubai as a tourist destination!
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