The Middle East's

Top 100 Listed
Companies 2022

37. Emaar Development *

Country: U.A.E.

Sector: Real estate & Construction

CFO: Sunil Grover

Market Value: $5.5 billion

Sales: $4.2 billion

Profits: $1.2 billion

Assets: $9.8 billion

Emaar Development has been part of Emaar Properties since its inception in 1997. When Emaar Properties later restructured its business, it transferred its real estate development division and activities to Emaar Development, which then went public in 2017. The company is responsible for freehold communities in Dubai, including Emirates Living, Downtown Dubai, Dubai Marina, and Arabian Ranches. It has a land bank of 170 million square feet, which it expects to service at least 12 years of sales. Emaar Properties owns 79% of the company.