THE MIDDLE EAST’S

19. Emaar Properties
Country: U.A.E.
Sector: Real Estate & Construction
Founder & Managing Director: Mohamed Alabbar
Market Value: $31.2 billion
Sales: $9.7 billion
Profits: $4.8 billion
Assets: $43.6 billion
Emaar Properties posted record results in 2024, with $9.7 billion in revenue (up 32.7%) and $19.1 billion in property sales (up 72%), bringing its sales backlog to $30 billion. The company invested $26.1 billion in new land acquisitions in 2024. In January 2025, Emaar Properties confirmed talks with several Indian groups, including the Adani Group, to sell a stake in its Indian business, Emaar India. Emaar’s founder, Mohamed Alabbar, joined the Forbes Billionaires list in 2025 with a net worth of $2.3 billion.