THE MIDDLE EAST’S

32. Emaar Development

Country: U.A.E.
Sector: Real Estate & Construction
Founder: Mohamed Alabbar
Market Value: $18.7 billion

Emaar Development, a majority-owned subsidiary of Emaar Properties, is a developer of residential and commercial build-to-sell (BTS) assets in the UAE. Property sales reached $19.4 billion in 2025, with a revenue backlog of $34.1 billion. It has delivered over 80,500 residential units since 2002. In October 2025, the company launched Dubai Mansions at Emaar Hills, a $27.2 billion project featuring 40,000 ultra-luxury homes.